USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter against Aevo+0.091%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.091% dearer against Aevo than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2899	0.0240	pay 0.0030% / 1h	48m 48s	$10K	—	3x
Short	Lighter USELESS	0.2902	0.0096	get 0.0012% / 1h	48m 48s	$1.3M	$1.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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

Position, each leg$Hold fordaysFee AevobpFee LighterbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$30.24
Price spread: +0.091% → 0.000%: $9.14
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.1
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	7.96 bp	27.1 bp −$27	102.8 bp −$1,028	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0032%	1h	0.2875	−0.843%	$41K	$697K	25x	as long as short
Lighter USELESSshort	+0.0096%	1h	0.2902	+0.091%	$1.3M	$1.1M	3x
Pacifica USELESS	+0.0100%	1h	0.2902	+0.074%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2908	+0.298%	$10.3M	$65.0M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	+0.095%	$28K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2899	−0.022%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2900	+0.029%	$20K	$376K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2894	−0.188%	$575K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0132%	4h	0.2898	−0.050%	$5.4M	$9.6M	12x	as long as short
Gate USELESS_USDT	+0.0208%	4h	0.2895	−0.147%	$7.2M	$7.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERPlong	+0.0240%	1h	0.2899	long leg	$10K	—	3x
Bitget USELESSUSDT	+0.0566%	4h	0.2902	+0.074%	$5.5M	$8.7M	20x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2902	+0.081%	$21.3M	$5.8M	50x	as long as short
Extended USELESS-USD	+0.0672%	1h	0.2900	+0.029%	$305K	$967K	5x	as long as short
Binance USELESSUSDT	+0.0672%	4h	0.2907	+0.257%	$25.0M	$109.5M	50x	as long as short
edgeX USELESSUSDC	+0.0693%	4h	0.2894	−0.196%	$22K	$189K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	0.2899	−0.002%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1192%	4h	0.2881	−0.639%	$1.1M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1322%	4h	0.2896	−0.124%	$668K	$2.2M	10x	as long as short
Bybit USELESSUSDT	+0.1381%	4h	0.2911	+0.412%	$29.3M	$42.7M	13x	as long as short
BingX USELESS-USDT	+0.1394%	4h	0.2904	+0.153%	—	$4.9M	—	as long as short
Hyperliquid USELESS	+0.1457%	1h	0.2908	+0.312%	$14.9M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1885%	4h	0.2900	+0.012%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3071	+5.934%	$5K	$10K	5.5x	as long as short