USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.4338%/8h= −475.0% APRnext payment −$5.42 per $10,000 · paid last 24h +0.951%

Price spread now: ApeX Omni against Injective−5.541%7-day average — · you buy dearer than you sell

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

Long on Injective Short on ApeX Omni

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 against this trade now: funding costs −$130 a day on $10k at the current rate, and ApeX Omni is 5.541% cheaper against Injective than usual: you would sell low and buy high (−$554 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective USELESS/USDC PERP	0.3012	0.5000	pay 0.0625% / 1h	34m 48s	$5K	$9K	5.5x
Short	ApeX Omni USELESSUSDT	0.2845	0.0662	get 0.0083% / 1h	34m 48s	$39K	$703K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now −5.541%Rate

Funding earned: −$911.03
Price spread: −5.541% → 0.000%: −$554.14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$1,475.19
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 39 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 Injective no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 39 min ago	8.89 bp	16.9 bp −$17	106.1 bp −$1,061	doesn't fit	doesn't fit

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	0.2850	−5.372%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2846	−5.521%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2850	−5.382%	$10.0M	$66.8M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2843	−5.594%	$47K	$171K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2855	−5.203%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2855	−5.216%	$19K	$506K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2850	−5.375%	$600K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0192%	4h	0.2851	−5.342%	$5.2M	$10.1M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2842	−5.632%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0434%	4h	0.2849	−5.395%	$5.5M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0461%	4h	0.2833	−5.939%	$21K	$193K	10x	as long as short
MEXC USELESS_USDT	+0.0470%	4h	0.2849	−5.419%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0472%	4h	0.2847	−5.472%	$24.0M	$116.2M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2847	−5.482%	$302K	$1.2M	5x	as long as short
ApeX Omni USELESSUSDTshort	+0.0662%	1h	0.2845	−5.541%	$39K	$703K	25x
Variational Omni USELESS	+0.1041%	4h	0.2843	−5.616%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1047%	4h	0.2851	−5.336%	$655K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1183%	1h	0.2853	−5.259%	$14.3M	$21.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1275%	4h	0.2851	−5.352%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1280%	4h	0.2847	−5.465%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1294%	4h	0.2850	−5.372%	$27.9M	$45.9M	13x	as long as short
Gate USELESS_USDT	+0.1610%	4h	0.2842	−5.658%	$7.1M	$8.3M	50x	as long as short
BloFin USELESS-USDT	+0.1891%	4h	0.2852	−5.302%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.3012	long leg	$5K	$9K	5.5x