Funding you earn now, next payment 09:00 UTC+0.4593%/8h= +502.9% APRpaid last 24h +0.108%
Price spread now: Injective against Binance+4.952%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$138 a day on $10k at the current rate, and Injective is 4.952% dearer against Binance than usual: you sell high and buy low: +$495 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USELESSUSDT | 0.2958 | 0.0407 | pay 0.0203% / 4h | 3h 53m | $24.7M | $128.6M | 50x |
| Short | Injective USELESS/USDC PERP | 0.3105 | 0.5000 | get 0.0625% / 1h | 53m 12s | $5K | $10K | 5.5x |
Binance USELESSUSDT
Injective USELESS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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
- $964.54
- Price spread: +4.952% → 0.000%
- $495.22
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,449.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago | 1.88 bp | 12.7 bp −$13 | 47.1 bp −$471 | 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 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 | 0.2954 | −0.152% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2924 | −1.164% | $31K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2947 | −0.372% | $5.7M | $11.1M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2936 | −0.764% | $28K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2946 | −0.402% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2957 | −0.057% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2958 | −0.017% | $678K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0102% | 4h | 0.2941 | −0.571% | $5.4M | $10.8M | 12x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0124% | 4h | 0.2955 | −0.105% | $10.4M | $75.6M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0184% | 1h | 0.2954 | −0.152% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDT | +0.0329% | 4h | 0.2956 | −0.064% | $582K | $2.2M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0385% | 4h | 0.2919 | −1.323% | $22K | $198K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0400% | 4h | 0.2954 | −0.142% | $13.4M | $6.3M | 50x | as long as short |
| Binance USELESSUSDTlong | +0.0407% | 4h | 0.2958 | long leg | $24.7M | $128.6M | 50x | |
| Extended USELESS-USD | +0.0408% | 1h | 0.2954 | −0.156% | $283K | $1.7M | 5x | as long as short |
| Gate USELESS_USDT | +0.0580% | 4h | 0.2957 | −0.051% | $7.4M | $8.6M | 50x | as long as short |
| Variational Omni USELESS | +0.0779% | 4h | 0.2921 | −1.247% | $1.2M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.0967% | 4h | 0.2952 | −0.230% | $21K | $1.8M | 10x | as long as short |
| Hyperliquid USELESS | +0.1175% | 1h | 0.2948 | −0.348% | $12.9M | $23.7M | 3x | as long as short |
| BingX USELESS-USDT | +0.1184% | 4h | 0.2965 | +0.213% | — | $5.4M | — | as long as short |
| BloFin USELESS-USDT | +0.1598% | 4h | 0.2959 | +0.020% | $1.2M | $2.3M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.1634% | 1h | 0.2915 | −1.464% | $54K | $700K | 25x | as long as short |
| Bybit USELESSUSDT | +0.2008% | 4h | 0.2955 | −0.112% | $28.7M | $51.5M | 13x | as long as short |
| Injective USELESS/USDC PERPshort | +0.5000% | 1h | 0.3105 | +4.952% | $5K | $10K | 5.5x |
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Gate USELESS_USDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
ApeX Omni USELESSUSDT
Bybit USELESSUSDT