USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4904%/8h= +537.0% APRnext payment +$6.13 per $10,000 · paid last 24h −1.283%

Price spread now: Injective against Lighter+7.958%66s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Injective

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 7.958% dearer against Lighter than usual: you sell high and buy low: +$796 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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	Lighter USELESS	0.2881	0.0096	pay 0.0012% / 1h	14m 03s	$1.3M	$1.1M	3x
Short	Injective USELESS/USDC PERP	0.3111	0.5000	get 0.0625% / 1h	14m 03s	$5K	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Lighter. 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 LighterbpFee InjectivebpOrdersPrice spread, now +7.958%Rate

Funding earned: $1,029.84
Price spread: +7.958% → 0.000%: $795.79
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,825.61
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 2 min ago; Injective: no order-book sample. 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 Lighter live order book, 2 min ago	4.27 bp	15.1 bp −$15	59.6 bp −$596	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 USELESSlong	+0.0096%	1h	0.2881	long leg	$1.3M	$1.1M	3x
Pacifica USELESS	+0.0100%	1h	0.2921	+1.381%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2876	−0.174%	$10.3M	$64.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2919	+1.312%	$29K	$138K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2883	+0.069%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2878	−0.104%	$21K	$384K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2880	−0.056%	$576K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0238%	4h	0.2890	+0.305%	$5.4M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2900	+0.640%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0382%	4h	0.2881	−0.028%	$7.2M	$7.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0396%	1h	0.2925	+1.513%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0534%	4h	0.2876	−0.174%	$5.5M	$8.8M	20x	as long as short
Extended USELESS-USD	+0.0648%	1h	0.2881	−0.031%	$304K	$968K	5x	as long as short
MEXC USELESS_USDT	+0.0648%	4h	0.2886	+0.174%	$10.2M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0649%	4h	0.2884	+0.079%	$24.8M	$110.1M	50x	as long as short
edgeX USELESSUSDC	+0.0661%	4h	0.2932	+1.761%	$22K	$190K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1184%	4h	0.2897	+0.555%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1200%	4h	0.2879	−0.097%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1228%	4h	0.2879	−0.066%	$29.2M	$42.9M	13x	as long as short
Variational Omni USELESS	+0.1330%	4h	0.2930	+1.670%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1366%	4h	0.2892	+0.367%	$668K	$2.2M	10x	as long as short
Hyperliquid USELESS	+0.1589%	1h	0.2882	+0.031%	$14.7M	$19.7M	3x	as long as short
BloFin USELESS-USDT	+0.1617%	4h	0.2927	+1.579%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.3111	+7.958%	$5K	$10K	5.5x