Funding you earn now, next payment 05:00 UTC−0.4896%/8h= −536.2% APRpaid last 24h +0.496%
Price spread now: Aster against Injective−5.877%107s7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Aster is 5.877% cheaper against Injective than usual: you would sell low and buy high (−$588 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 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 | Injective USELESS/USDC PERP | 0.2792 | 0.5000 | pay 0.0625% / 1h | 9m 34s | $5K | $11K | 5.5x |
| Short | Aster USELESSUSDT | 0.2628 | 0.0104 | get 0.0052% / 4h | 3h 09m | $519K | $2.4M | 10x |
Injective USELESS/USDC PERP
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Injective. 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
- −$1,028.26
- Price spread: −5.877% → 0.000%
- −$587.66
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$1,623.94
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 4 min ago | 14.60 bp | 23.0 bp −$23 | 140.1 bp −$1,401 | 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 | 0.2630 | −5.823% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2630 | −5.816% | $28K | $18K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2628 | −5.887% | $6.6M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2633 | −5.690% | $25K | $238K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2636 | −5.612% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2618 | −6.235% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2631 | −5.780% | $612K | $1.1M | 20x | as long as short |
| Aster USELESSUSDTshort | +0.0104% | 4h | 0.2628 | −5.877% | $519K | $2.4M | 10x | |
| Bitget USELESSUSDT | +0.0122% | 4h | 0.2630 | −5.823% | $5.0M | $10.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0153% | 4h | 0.2629 | −5.859% | $8.9M | $63.5M | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0160% | 1h | 0.2620 | −6.169% | $9K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0176% | 4h | 0.2628 | −5.895% | $4.8M | $10.7M | 12x | as long as short |
| Binance USELESSUSDT | +0.0287% | 4h | 0.2632 | −5.756% | $22.0M | $121.6M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0294% | 4h | 0.2632 | −5.755% | $10.6M | $6.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0296% | 1h | 0.2631 | −5.785% | $112K | $1.1M | 5x | as long as short |
| edgeX USELESSUSDC | +0.0305% | 4h | 0.2640 | −5.455% | $20K | $196K | 10x | as long as short |
| Hyperliquid USELESS | +0.0350% | 1h | 0.2630 | −5.809% | $11.5M | $22.5M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0369% | 1h | 0.2634 | −5.673% | $36K | $695K | 25x | as long as short |
| Bybit USELESSUSDT | +0.0470% | 4h | 0.2628 | −5.884% | $24.8M | $48.4M | 13x | as long as short |
| Variational Omni USELESS | +0.0589% | 4h | 0.2624 | −6.032% | $1.0M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0594% | 4h | 0.2632 | −5.758% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.0794% | 4h | 0.2626 | −5.948% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1267% | 4h | 0.2634 | −5.665% | $20K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2792 | long leg | $5K | $11K | 5.5x |
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
edgeX USELESSUSDC
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC