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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.183%
Price spread now: BloFin against ApeX Omni+0.048%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$830.826% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.715%+$72 on $10k
Price spread, last 3 days (all we have)0.000%$0 · spread now +0.048%, 7d avg +0.035%
Together, before fees+0.715%+$71 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.29070.0377pay 0.0047% / 1h13m 08s$40K$699K25x
ShortBloFin USELESS-USDT0.29080.1117get 0.0559% / 4h3h 13m$1.2M$2.1M12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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
$155.41
Price spread: +0.048% → +0.035%
$1.29
Slippage, 4 orders
−$60.6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$74.1
Costs to cover
0.826%
Break-even
3.7 days
Slippage from ApeX Omni: live order book, 60 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 60 min ago8.89 bp16.9 bp −$17106.2 bp −$1,062doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago3.49 bp26.1 bp −$26doesn't fitdoesn't fitdoesn't fit

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%1h0.2909+0.055%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2905−0.074%$33K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2908+0.024%$10.3M$68.5M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2906−0.021%$49K$176K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2913+0.210%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2900−0.227%$19K$511K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2902−0.186%$613K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0150%4h0.2907−0.007%$5.3M$10.2M12xas long as short
Aevo USELESS-PERP+0.0200%1h0.2914+0.225%$10K3xas long as short
ApeX Omni USELESSUSDTlong+0.0377%1h0.2907long leg$40K$699K25x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDC+0.0464%4h0.2908+0.029%$22K$194K10xas long as short
MEXC USELESS_USDT+0.0502%4h0.2909+0.069%$11.2M$6.0M50xas long as short
Binance USELESSUSDT+0.0503%4h0.2909+0.079%$24.6M$116.6M50xas long as short
Extended USELESS-USD+0.0504%1h0.2907+0.011%$308K$1.2M5xas long as short
Bitget USELESSUSDT+0.0558%4h0.2910+0.103%$5.6M$9.6M20xas long as short
Gate USELESS_USDT+0.0618%4h0.2917+0.344%$7.3M$8.4M50xas long as short
Bybit USELESSUSDT+0.0839%4h0.2909+0.058%$28.5M$46.4M13xas long as short
BingX USELESS-USDT+0.0866%4h0.2910+0.096%$5.1Mas long as short
Variational Omni USELESS+0.0969%4h0.2879−0.956%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1110%4h0.2908+0.039%$670K$2.3M10xas long as short
BloFin USELESS-USDTshort+0.1117%4h0.2908+0.048%$1.2M$2.1M12x
Hyperliquid USELESS+0.1133%1h0.2912+0.162%$14.7M$21.0M3xas long as short
Orderly PERP_USELESS_USDC+0.1246%4h0.2913+0.210%$23K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3074+5.752%$5K$9K5.5xas long as short