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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1281%/8h= +140.3% APRnext payment +$1.60 per $10,000 · paid last 24h +0.238%
Price spread now: Hyperliquid against Aevo+0.117%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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Hyperliquid is 0.117% dearer against Aevo than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.28140.0208pay 0.0026% / 1h36m 42s$10K3x
ShortHyperliquid USELESS0.28180.1489get 0.0186% / 1h36m 42s$14.0M$21.0M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$269.11
Price spread: +0.117% → 0.000%
$11.73
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$255.84
Costs to cover
0.250%
Break-even
0.3 days
Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago0.35 bp6.1 bp −$6doesn't fitdoesn't fitdoesn'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%1h0.2813−0.053%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2813−0.036%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.28140.000%$9.9M$66.2M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2810−0.139%$33K$156K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2811−0.099%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2808−0.227%$18K$495K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2806−0.309%$568K$1.2M20xas long as short
Aevo USELESS-PERPlong+0.0208%1h0.2814long leg$10K3x
ApeX Omni USELESSUSDT+0.0263%1h0.2826+0.419%$39K$700K25xas long as short
KuCoin USELESSUSDTM+0.0300%4h0.2809−0.199%$5.2M$10.0M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0364%4h0.2812−0.092%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0396%4h0.2804−0.362%$7.0M$8.3M50xas long as short
Binance USELESSUSDT+0.0515%4h0.2814−0.023%$23.6M$116.0M50xas long as short
edgeX USELESSUSDC+0.0518%4h0.2826+0.417%$21K$192K10xas long as short
Extended USELESS-USD+0.0520%1h0.2809−0.201%$297K$966K5xas long as short
MEXC USELESS_USDT+0.0520%4h0.2814−0.011%$10.4M$6.0M50xas long as short
BingX USELESS-USDT+0.1040%4h0.2814−0.018%$5.0Mas long as short
Bybit USELESSUSDT+0.1058%4h0.2811−0.107%$27.7M$45.7M13xas long as short
Aster USELESSUSDT+0.1115%4h0.2814+0.001%$647K$2.3M10xas long as short
Variational Omni USELESS+0.1280%4h0.2823+0.313%$1.2M$1.8Mas long as short
Orderly PERP_USELESS_USDC+0.1336%4h0.2813−0.039%$22K$1.4M10xas long as short
BloFin USELESS-USDT+0.1401%4h0.2813−0.028%$1.2M$2.0M12xas long as short
Hyperliquid USELESSshort+0.1489%1h0.2818+0.117%$14.0M$21.0M3x
Injective USELESS/USDC PERP+0.5000%1h0.2995+6.421%$5K$9K5.5xas long as short