USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%

Price spread now: Polymarket Perps against Aevo+0.201%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 Polymarket Perps

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—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.201% dearer against Aevo than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2734	0.0208	pay 0.0026% / 1h	22m 57s	$10K	—	3x
Short	Polymarket Perps USELESS-USD	0.2740	0.0100	get 0.0013% / 1h	22m 57s	$26K	$145K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$22.68
Price spread: +0.201% → 0.000%: $20.08
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$26.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 59 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 Polymarket Perps live order book, 59 min ago	2.89 bp	28.3 bp −$28	doesn't fit	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
Lighter USELESS	+0.0096%	1h	0.2734	−0.004%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2738	+0.142%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2734	−0.022%	$9.6M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2740	+0.201%	$26K	$145K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2739	+0.172%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2742	+0.274%	$18K	$488K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2727	−0.282%	$559K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2735	+0.029%	$38K	$699K	25x	as long as short
Aevo USELESS-PERPlong	+0.0208%	1h	0.2734	long leg	$10K	—	3x
KuCoin USELESSUSDTM	+0.0330%	4h	0.2733	−0.048%	$5.1M	$9.8M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0380%	4h	0.2733	−0.033%	$6.9M	$8.0M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	0.2737	+0.117%	$20K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0498%	4h	0.2735	+0.014%	$9.9M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0501%	4h	0.2734	+0.007%	$23.1M	$113.5M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2734	+0.009%	$287K	$965K	5x	as long as short
Bitget USELESSUSDT	+0.0520%	4h	0.2732	−0.063%	$5.2M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0912%	1h	0.2735	+0.036%	$13.3M	$20.5M	3x	as long as short
Aster USELESSUSDT	+0.1137%	4h	0.2733	−0.043%	$641K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1255%	4h	0.2739	+0.183%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1294%	4h	0.2737	+0.102%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1381%	4h	0.2737	+0.109%	$27.4M	$44.6M	13x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2741	+0.260%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1771%	4h	0.2734	−0.008%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+7.307%	$5K	$9K	5.5x	as long as short