Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2372+0.0228pay 0.0029% / 1h18m 56s$63K$573K25xLong ApeX Omni5% off
SHORT0.2376+0.0937get 0.0117% / 1h18m 56s$251K$424K10xShort Arcus5% off
Price gap+0.164%
Funding gap+0.0709% /8h

Both sides work: funding pays +$21 a day on $10k, and the gap is 0.038% above its 7d average: +$4 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$79+0.0709% /8h now · paid +0.786% over the last 6 days (all we have)
Price+$4spread +0.164% now, avg +0.126% → +0.038% if it goes back
Costs−$680.679% of $10k · taker + slippage, in and out

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Arcus price against ApeX Omninow
RANGE STATS · 7D
Now+0.164%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 26 exchanges

lowest funding first

Before you open

3 ok · 2 to watch
  • Watch: Thin at this size22.1 / 11.4 bp
    At $10k entering ApeX Omni costs 22.1 bp, fee and slippage, 1.9× Arcus’s.
  • Note: Margin at max leverage$400 + $1,000
    ApeX Omni 25x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$21.27Long ApeX Omni: 24 payments, −$6.85; short Arcus: 24 payments, +$28.12.
  • OK: Entry gap works for you+0.164% vs +0.126%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$63K vs $251K OI
    ApeX Omni sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legApeX Omni No · Arcus No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0467%/8h × 21 periods+$98.04
Price spread+0.164% → +0.126% (7d avg)+$3.81
Slippage, 4 orderslive order books−$53.36
Fee ApeX Omni bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$34.00
Costs to cover0.679%Break-even4.6 days
Slippage: ApeX Omni: live order book, 59 min ago; Arcus: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGApeX Omni8.5622.1 bp−$22121.5 bp−$1,215doesn’t fitdoesn’t fit
SELL · SHORTArcus8.4411.4 bp−$1131.3 bp−$313doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchangeSearch all news →
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector