Funding you earn now, next payment 23:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.093%
Price spread now: Extended against OKX+0.064%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1321.318% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.064%, 7d avg +0.022%
=Together, before fees+0.011%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.043% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2732 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $9.6M | $63.3M | 10x |
| Short | Extended USELESS-USD | 0.2734 | 0.0480 | get 0.0060% / 1h | 13m 34s | $288K | $966K | 5x |
OKX USELESS-USDT-SWAP
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $79.8
- Price spread: +0.064% → +0.022%
- $4.28
- Slippage, 4 orders
- −$116.76
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$47.67
- Costs to cover
- 1.318%
- Break-even
- 11.2 days
Slippage from OKX: live order book, 5 min ago; Extended: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 5 min ago | 1.83 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 7.80 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2734 | +0.077% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2735 | +0.124% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0100% | 4h | 0.2732 | long leg | $9.6M | $63.3M | 10x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2738 | +0.209% | $26K | $147K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2740 | +0.307% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2732 | −0.007% | $18K | $489K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2721 | −0.414% | $558K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2737 | +0.180% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0228% | 1h | 0.2725 | −0.256% | $38K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0340% | 4h | 0.2730 | −0.081% | $5.1M | $9.9M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0350% | 4h | 0.2730 | −0.073% | $6.8M | $8.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0463% | 4h | 0.2727 | −0.176% | $20K | $192K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0476% | 4h | 0.2737 | +0.183% | $10.0M | $5.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0476% | 4h | 0.2732 | +0.011% | $5.2M | $9.1M | 20x | as long as short |
| Extended USELESS-USDshort | +0.0480% | 1h | 0.2734 | +0.064% | $288K | $966K | 5x | |
| Binance USELESSUSDT | +0.0488% | 4h | 0.2732 | +0.018% | $23.1M | $114.1M | 50x | as long as short |
| Hyperliquid USELESS | +0.0837% | 1h | 0.2737 | +0.201% | $13.3M | $20.6M | 3x | as long as short |
| Aster USELESSUSDT | +0.1109% | 4h | 0.2738 | +0.233% | $641K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1281% | 4h | 0.2740 | +0.278% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1320% | 4h | 0.2732 | +0.011% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1364% | 4h | 0.2732 | −0.007% | $27.3M | $44.7M | 13x | as long as short |
| Variational Omni USELESS | +0.1492% | 4h | 0.2726 | −0.238% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1769% | 4h | 0.2732 | −0.018% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +5.944% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Bitget USELESSUSDT
Binance USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP