Funding you earn now, next payment 12:00 UTC−0.0234%/8h= −25.6% APRnext payment −$1.17 per $10,000 · paid last 24h −0.168%
Price spread now: Phemex against Aster−0.048%7-day average +0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)−0.496%−$50 on $10k
+Price spread, last 4 days (all we have)−0.829%−$83 · spread now −0.048%, 7d avg +0.040%
=Together, before fees−1.324%+ Points / potential airdropAster: Stage 5 · farm board−$132 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.088% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster USELESSUSDT | 0.3001 | 0.0334 | pay 0.0167% / 4h | 3h 03m | $659K | $2.3M | 10x |
| Short | Phemex USELESSUSDT | 0.2999 | 0.0100 | get 0.0050% / 4h | 3h 03m | $682K | $1.3M | 20x |
Aster USELESSUSDT
Phemex USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- −$49.16
- Price spread: −0.048% → +0.040%
- −$8.83
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.99
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 5 min ago; Phemex: live order book, 4 min ago. 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 Aster live order book, 5 min ago | 7.09 bp | 21.0 bp −$21 | 134.3 bp −$1,343 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 45.57 bp | doesn't fit | 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 | 0.3008 | +0.241% | $1.4M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.3014 | +0.429% | $32K | $19K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.3002 | +0.048% | $11.1M | $78.0M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2996 | −0.145% | $5.5M | $10.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3002 | +0.048% | $5.8M | $11.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3013 | +0.395% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3008 | +0.241% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2988 | −0.422% | $41K | $561K | 20x | as long as short |
| Phemex USELESSUSDTshort | +0.0100% | 4h | 0.2999 | −0.048% | $682K | $1.3M | 20x | |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.3008 | +0.251% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDTlong | +0.0334% | 4h | 0.3001 | long leg | $659K | $2.3M | 10x | |
| Gate USELESS_USDT | +0.0476% | 4h | 0.3000 | −0.028% | $7.6M | $9.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0580% | 4h | 0.3030 | +0.960% | $23K | $200K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0596% | 4h | 0.2999 | −0.048% | $15.1M | $7.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0598% | 4h | 0.3000 | −0.022% | $26.1M | $134.3M | 50x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.3001 | +0.003% | $288K | $1.6M | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0921% | 1h | 0.3027 | +0.875% | $57K | $691K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.0980% | 4h | 0.3007 | +0.205% | $22K | $2.0M | 10x | as long as short |
| Variational Omni USELESS | +0.1026% | 4h | 0.3028 | +0.918% | $1.3M | $1.8M | — | as long as short |
| Hyperliquid USELESS | +0.1239% | 1h | 0.3006 | +0.188% | $13.7M | $24.0M | 3x | as long as short |
| BingX USELESS-USDT | +0.1314% | 4h | 0.3002 | +0.055% | — | $5.7M | — | as long as short |
| Bybit USELESSUSDT | +0.1429% | 4h | 0.3004 | +0.125% | $30.2M | $53.2M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1807% | 4h | 0.3011 | +0.358% | $1.3M | $2.4M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3217 | +7.193% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP