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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: SunX against Aevo−0.071%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.071% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.27340.0200pay 0.0025% / 1h12m 18s$10K3x
ShortSunX USELESS-USDT0.27320.0100get 0.0050% / 4h1h 12m$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$21
Price spread: −0.071% → 0.000%
−$7.1
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 4 bp × 2 orders
−$8
Net
−$52.1
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; SunX: live order book, 12 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 SunX live order book, 12 min ago45.19 bp64.2 bp −$64doesn'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%1h0.2731−0.086%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2734+0.010%$30K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2729−0.166%$9.6M$63.2M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2730−0.148%$26K$147K3xas long as short
SunX USELESS-USDTshort+0.0100%4h0.2732−0.071%$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2731−0.093%$18K$489K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2727−0.250%$559K$1.2M20xas long as short
Aevo USELESS-PERPlong+0.0200%1h0.2734long leg$10K3x
ApeX Omni USELESSUSDT+0.0228%1h0.2725−0.320%$38K$699K25xas long as short
KuCoin USELESSUSDTM+0.0336%4h0.2728−0.195%$5.1M$9.9M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0346%4h0.2728−0.199%$6.8M$8.1M50xas long as short
edgeX USELESSUSDC+0.0463%4h0.2727−0.240%$20K$192K10xas long as short
Bitget USELESSUSDT+0.0474%4h0.2731−0.104%$5.2M$9.1M20xas long as short
MEXC USELESS_USDT+0.0486%4h0.2731−0.089%$9.9M$5.9M50xas long as short
Binance USELESSUSDT+0.0488%4h0.2733−0.026%$23.1M$114.1M50xas long as short
Extended USELESS-USD+0.0488%1h0.2731−0.105%$287K$966K5xas long as short
Hyperliquid USELESS+0.0840%1h0.2732−0.056%$13.3M$20.6M3xas long as short
Aster USELESSUSDT+0.1110%4h0.2733−0.041%$640K$2.2M10xas long as short
Orderly PERP_USELESS_USDC+0.1287%4h0.2732−0.071%$21K$1.4M10xas long as short
BingX USELESS-USDT+0.1320%4h0.2732−0.045%$5.0Mas long as short
Bybit USELESSUSDT+0.1355%4h0.2732−0.082%$27.3M$44.7M13xas long as short
Variational Omni USELESS+0.1492%4h0.2726−0.301%$1.1M$1.8Mas long as short
BloFin USELESS-USDT+0.1773%4h0.2735+0.050%$1.2M$1.9M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2894+5.877%$5K$9K5.5xas long as short