Funding you earn now, next payment 03:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h +0.546%
Price spread now: Gate against Injective−5.501%7-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 −$147 a day on $10k at the current rate, and Gate is 5.501% cheaper against Injective than usual: you would sell low and buy high (−$550 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 | 0.2907 | 0.5000 | pay 0.0625% / 1h | 38m 36s | $5K | $9K | 5.5x |
| Short | Gate USELESS_USDT | 0.2747 | 0.0100 | get 0.0050% / 4h | 1h 38m | $6.9M | $8.5M | 50x |
Injective USELESS/USDC PERP
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$1,029
- Price spread: −5.501% → 0.000%
- −$550.15
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,594.17
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 8.18 bp | 31.8 bp −$32 | 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 | 0.2747 | −5.477% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2748 | −5.440% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDTshort | +0.0100% | 4h | 0.2747 | −5.501% | $6.9M | $8.5M | 50x | |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2752 | −5.316% | $38K | $694K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2744 | −5.591% | $33K | $210K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2746 | −5.508% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2744 | −5.584% | $18K | $507K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2743 | −5.622% | $602K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0124% | 4h | 0.2749 | −5.433% | $9.7M | $64.6M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0198% | 4h | 0.2747 | −5.477% | $5.1M | $10.4M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2746 | −5.519% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0512% | 4h | 0.2750 | −5.395% | $5.3M | $9.9M | 20x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2750 | −5.394% | $292K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0592% | 4h | 0.2750 | −5.391% | $10.7M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0593% | 4h | 0.2749 | −5.433% | $23.3M | $118.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0600% | 4h | 0.2751 | −5.343% | $21K | $194K | 10x | as long as short |
| Hyperliquid USELESS | +0.0709% | 1h | 0.2750 | −5.388% | $13.5M | $20.8M | 3x | as long as short |
| BingX USELESS-USDT | +0.0864% | 4h | 0.2750 | −5.398% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0887% | 4h | 0.2748 | −5.467% | $26.6M | $46.4M | 13x | as long as short |
| Variational Omni USELESS | +0.0952% | 4h | 0.2753 | −5.291% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1050% | 4h | 0.2748 | −5.460% | $583K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1170% | 4h | 0.2747 | −5.501% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1342% | 4h | 0.2746 | −5.522% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.2907 | long leg | $5K | $9K | 5.5x |
Aevo USELESS-PERP
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC