USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h −0.034%

Price spread now: Polymarket Perps against ApeX Omni−0.060%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.060%, 7d avg −0.003%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni USELESSUSDT	0.2817	0.0247	pay 0.0031% / 1h	29m 09s	$39K	$700K	25x
Short	Polymarket Perps USELESS-USD	0.2815	0.0100	get 0.0013% / 1h	29m 09s	$35K	$157K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$30.88
Price spread: −0.060% → −0.003%: −$5.75
Slippage, 4 orders: −$51.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$106.21
Costs to cover: 0.696%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 49 min ago; Polymarket Perps: live order book, 48 min ago.

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 ApeX Omni live order book, 49 min ago	9.14 bp	18.7 bp −$19	107.3 bp −$1,073	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 48 min ago	2.38 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

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	0.2823	+0.195%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	+0.024%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2824	+0.248%	$9.9M	$66.6M	10x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2815	−0.060%	$35K	$157K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2819	+0.067%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2811	−0.209%	$18K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2819	+0.067%	$571K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2820	+0.106%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDTlong	+0.0247%	1h	0.2817	long leg	$39K	$700K	25x
KuCoin USELESSUSDTM	+0.0254%	4h	0.2818	+0.050%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0330%	4h	0.2820	+0.121%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0376%	4h	0.2820	+0.092%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0490%	4h	0.2816	−0.025%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0506%	4h	0.2824	+0.241%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0509%	4h	0.2823	+0.209%	$23.7M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2821	+0.153%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1010%	4h	0.2824	+0.256%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1011%	4h	0.2823	+0.209%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1098%	4h	0.2818	+0.035%	$648K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1185%	4h	0.2823	+0.198%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1323%	4h	0.2824	+0.266%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1330%	4h	0.2820	+0.099%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1544%	1h	0.2828	+0.390%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.950%	$5K	$9K	5.5x	as long as short