Funding you earn now, next payment 10:00 UTC−0.4904%/8h= −537.0% APRnext payment −$6.13 per $10,000 · paid last 24h −0.342%
Price spread now: Lighter against Injective−6.962%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Lighter is 6.962% cheaper against Injective than usual: you would sell low and buy high (−$696 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 | 0.3187 | 0.5000 | pay 0.0625% / 1h | 18m 53s | $5K | $10K | 5.5x |
| Short | Lighter USELESS | 0.2965 | 0.0096 | get 0.0012% / 1h | 18m 53s | $1.4M | $1.1M | 3x |
Injective USELESS/USDC PERP
Lighter USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$1,029.84
- Price spread: −6.962% → 0.000%
- −$696.18
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1,726.04
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Lighter: 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 Lighter live order book, 5 min ago | 5.94 bp | 12.5 bp −$13 | 102.6 bp −$1,026 | 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 exchanges
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 USELESSshort | +0.0096% | 1h | 0.2965 | −6.962% | $1.4M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2953 | −7.363% | $31K | $18K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2969 | −6.865% | $11.0M | $75.7M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2964 | −7.015% | $5.5M | $10.8M | 12x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2953 | −7.341% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2957 | −7.225% | — | $1.3M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2948 | −7.501% | $39K | $556K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2960 | −7.128% | $687K | $1.3M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0180% | 4h | 0.2967 | −6.902% | $5.9M | $11.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2966 | −6.960% | $11K | — | 3x | as long as short |
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
Aevo USELESS-PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0322% | 4h | 0.2960 | −7.125% | $7.5M | $8.9M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0371% | 1h | 0.2966 | −6.946% | $56K | $687K | 25x | as long as short |
| Aster USELESSUSDT | +0.0406% | 4h | 0.2967 | −6.905% | $643K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0550% | 4h | 0.2966 | −6.959% | $22K | $201K | 10x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2964 | −7.006% | $281K | $1.6M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0594% | 4h | 0.2967 | −6.924% | $15.3M | $7.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0594% | 4h | 0.2968 | −6.894% | $25.5M | $132.5M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1060% | 4h | 0.2966 | −6.949% | $24K | $2.0M | 10x | as long as short |
| BingX USELESS-USDT | +0.1068% | 4h | 0.2969 | −6.855% | — | $5.7M | — | as long as short |
| Bybit USELESSUSDT | +0.1136% | 4h | 0.2967 | −6.930% | $29.3M | $52.9M | 13x | as long as short |
| Variational Omni USELESS | +0.1136% | 4h | 0.2968 | −6.887% | $1.2M | $1.9M | — | as long as short |
| Hyperliquid USELESS | +0.1307% | 1h | 0.2970 | −6.817% | $13.7M | $23.3M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1491% | 4h | 0.2967 | −6.908% | $1.3M | $2.3M | 12x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.3187 | long leg | $5K | $10K | 5.5x |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT