USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4636%/8h= +507.6% APRnext payment +$5.79 per $10,000 · paid last 24h −0.792%

Price spread now: Injective against Polymarket Perps+6.439%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$139 a day on $10k at the current rate, and Injective is 6.439% dearer against Polymarket Perps than usual: you sell high and buy low: +$644 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2808	0.0364	pay 0.0046% / 1h	4m 30s	$27K	$204K	3x
Short	Injective USELESS/USDC PERP	0.2989	0.5000	get 0.0625% / 1h	4m 30s	$5K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now +6.439%Rate

Funding earned: $973.49
Price spread: +6.439% → 0.000%: $643.94
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,609.42
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 62 min ago; Injective: no order-book sample. Net counts fees only.

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 Polymarket Perps live order book, 62 min ago	6.55 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 23 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	0.2807	−0.028%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2807	−0.036%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2806	−0.050%	$9.9M	$65.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2803	−0.167%	$7.1M	$8.5M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2809	+0.064%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2802	−0.196%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2799	−0.313%	$608K	$1.1M	20x	as long as short
KuCoin USELESSUSDTM	+0.0156%	4h	0.2806	−0.050%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2804	−0.114%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USDlong	+0.0364%	1h	0.2808	long leg	$27K	$204K	3x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0543%	4h	0.2811	+0.103%	$21K	$194K	10x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2807	−0.017%	$298K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2809	+0.043%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0558%	4h	0.2809	+0.057%	$23.8M	$117.0M	50x	as long as short
Bitget USELESSUSDT	+0.0572%	4h	0.2809	+0.046%	$5.4M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0702%	4h	0.2806	−0.046%	—	$5.1M	—	as long as short
ApeX Omni USELESSUSDT	+0.0716%	1h	0.2808	+0.011%	$39K	$698K	25x	as long as short
Bybit USELESSUSDT	+0.0843%	4h	0.2808	+0.028%	$27.3M	$46.3M	13x	as long as short
Variational Omni USELESS	+0.0873%	4h	0.2812	+0.143%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1071%	4h	0.2805	−0.096%	$625K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1241%	1h	0.2809	+0.064%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1313%	4h	0.2806	−0.053%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2989	+6.439%	$5K	$9K	5.5x