Funding you earn now, next payment 07:00 UTC−0.4314%/8h= −472.4% APRpaid last 24h +0.373%
Price spread now: BloFin against Injective−5.574%114s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$129 a day on $10k at the current rate, and BloFin is 5.574% cheaper against Injective than usual: you would sell low and buy high (−$557 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 114 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 | 0.2924 | 0.5000 | pay 0.0625% / 1h | 57m 21s | $5K | $11K | 5.5x |
| Short | BloFin USELESS-USDT | 0.2762 | 0.0686 | get 0.0343% / 4h | 1h 57m | $1.2M | $2.1M | 12x |
Injective USELESS/USDC PERP
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$905.99
- Price spread: −5.574% → 0.000%
- −$557.36
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,475.37
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 3.08 bp | 21.6 bp −$22 | 38.4 bp −$384 | 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 | 0.2761 | −5.601% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2756 | −5.758% | $11.9M | $23.3M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2754 | −5.820% | $540K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2763 | −5.522% | $30K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2754 | −5.820% | $5.0M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2754 | −5.816% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2754 | −5.816% | $26K | $256K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2767 | −5.382% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2758 | −5.680% | $19K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2763 | −5.509% | $644K | $1.2M | 20x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2753 | −5.863% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0157% | 4h | 0.2756 | −5.779% | $9.5M | $68.0M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0221% | 4h | 0.2762 | −5.569% | $21K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0230% | 4h | 0.2756 | −5.765% | $11.2M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0231% | 4h | 0.2757 | −5.741% | $22.9M | $123.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0232% | 1h | 0.2759 | −5.668% | $137K | $1.2M | 5x | as long as short |
| Gate USELESS_USDT | +0.0314% | 4h | 0.2755 | −5.803% | $6.9M | $8.6M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0414% | 4h | 0.2754 | −5.816% | $25.9M | $48.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.0450% | 4h | 0.2755 | −5.782% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0486% | 4h | 0.2761 | −5.588% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0494% | 1h | 0.2761 | −5.591% | $49K | $701K | 25x | as long as short |
| BloFin USELESS-USDTshort | +0.0686% | 4h | 0.2762 | −5.574% | $1.2M | $2.1M | 12x | |
| Orderly PERP_USELESS_USDC | +0.1079% | 4h | 0.2757 | −5.727% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2924 | long leg | $5K | $11K | 5.5x |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Gate USELESS_USDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC