Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h +0.113%
Price spread now: BingX against Aevo+0.273%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BingX is 0.273% dearer against Aevo than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.28720.0168pay 0.0021% / 1h14m 37s$10K3x
ShortBingX USELESS-USDT0.28800.0582get 0.0291% / 4h14m 37s$5.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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

Funding earned
$86.94
Price spread: +0.273% → 0.000%
$27.29
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee BingX: 5 bp × 2 orders
−$10
Net
$88.23
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; BingX: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell BingX live order book, 11 min ago3.14 bp18.4 bp −$1873.0 bp −$730369.4 bp −$36.9Kdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2878+0.179%$1.3M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2872−0.007%$30K$19K3xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2874+0.071%$5.2M$10.8M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2880+0.276%$5.5M$11.0M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2874+0.047%$28K$281K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2873+0.026%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2873+0.008%$19K$514K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2873+0.026%$655K$1.2M20xas long as short
OKX USELESS-USDT-SWAP+0.0109%4h0.2879+0.228%$10.0M$73.4M10xas long as short
Aevo USELESS-PERPlong+0.0168%1h0.2872long leg$10K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0242%4h0.2877+0.151%$7.2M$8.9M50xas long as short
edgeX USELESSUSDC+0.0347%4h0.2874+0.038%$21K$199K10xas long as short
Aster USELESSUSDT+0.0359%4h0.2872−0.010%$565K$2.2M10xas long as short
MEXC USELESS_USDT+0.0366%4h0.2880+0.259%$12.8M$6.3M50xas long as short
Extended USELESS-USD+0.0368%1h0.2879+0.226%$276K$1.7M5xas long as short
Binance USELESSUSDT+0.0372%4h0.2880+0.253%$24.0M$127.3M50xas long as short
ApeX Omni USELESSUSDT+0.0479%1h0.2860−0.434%$53K$700K25xas long as short
BingX USELESS-USDTshort+0.0582%4h0.2880+0.273%$5.4M
Variational Omni USELESS+0.0643%4h0.2875+0.096%$1.2M$1.9Mas long as short
Bybit USELESSUSDT+0.0651%4h0.2881+0.297%$27.3M$50.5M13xas long as short
BloFin USELESS-USDT+0.0891%4h0.2877+0.158%$1.2M$2.2M12xas long as short
Orderly PERP_USELESS_USDC+0.0964%4h0.2875+0.075%$21K$1.7M10xas long as short
Hyperliquid USELESS+0.1176%1h0.2880+0.249%$12.6M$23.8M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3027+5.366%$5K$11K5.5xas long as short