USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.4496%/8h= −492.3% APRnext payment −$5.62 per $10,000 · paid last 24h +0.524%

Price spread now: Extended against Injective−5.878%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$135 a day on $10k at the current rate, and Extended is 5.878% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective USELESS/USDC PERP	0.2703	0.5000	pay 0.0625% / 1h	43m 04s	$5K	$11K	5.5x
Short	Extended USELESS-USD	0.2544	0.0504	get 0.0063% / 1h	43m 04s	$112K	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −5.878%Rate

Funding earned: −$944.16
Price spread: −5.878% → 0.000%: −$587.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,537.01
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Extended: live order book, just now. 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 Extended live order book, just now	7.43 bp	47.6 bp −$48	doesn't fit	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	0.2545	−5.874%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2546	−5.826%	$11.5M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2550	−5.652%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2543	−5.926%	$6.4M	$8.7M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2554	−5.523%	$33K	$699K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2546	−5.826%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2545	−5.845%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2530	−6.411%	$17K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2543	−5.937%	$562K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2547	−5.797%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0211%	4h	0.2544	−5.885%	$8.8M	$62.7M	10x	as long as short
KuCoin USELESSUSDTM	+0.0236%	4h	0.2546	−5.826%	$4.6M	$10.6M	12x	as long as short
Bitget USELESSUSDT	+0.0412%	4h	0.2543	−5.919%	$4.9M	$10.5M	20x	as long as short
MEXC USELESS_USDT	+0.0500%	4h	0.2545	−5.867%	$10.2M	$6.2M	50x	as long as short
Extended USELESS-USDshort	+0.0504%	1h	0.2544	−5.878%	$112K	$1.2M	5x
Binance USELESSUSDT	+0.0507%	4h	0.2544	−5.891%	$21.2M	$123.5M	50x	as long as short
edgeX USELESSUSDC	+0.0511%	4h	0.2542	−5.979%	$19K	$197K	10x	as long as short
Aster USELESSUSDT	+0.0607%	4h	0.2545	−5.864%	$504K	$2.4M	10x	as long as short
BingX USELESS-USDT	+0.0646%	4h	0.2545	−5.852%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0653%	4h	0.2545	−5.863%	$24.4M	$48.8M	13x	as long as short
Variational Omni USELESS	+0.0843%	4h	0.2536	−6.206%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0904%	4h	0.2548	−5.749%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1318%	4h	0.2546	−5.819%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.2703	long leg	$5K	$11K	5.5x