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
LONG0.2504+0.0100pay 0.0013% / 1h45m 32s$203K$415K10xLong Arcus5% off
SHORT0.2501+0.0100get 0.0013% / 1h45m 32s$78K$470K3xShort Polymarket Perps
Price gap−0.116%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.026% under its 7d average: the price leg works against you, −$3 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$550.0000% /8h now · paid −0.555% over the last 6 days (all we have)
Price−$3spread −0.116% now, avg −0.090% → −0.026% if it goes back
Costs−$460.464% of $10k · taker + slippage, in and out

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.116%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

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

2 ok · 3 to watch
  • Watch: Thin at this size19.7 / 8.1 bp
    At $10k entering Arcus costs 19.7 bp, fee and slippage, 2.4× Polymarket Perps’s.
  • Note: Margin at max leverage$1,000 + $3,333
    Arcus 10x, Polymarket Perps 3x. 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: $0.00Long Arcus: 24 payments, −$3.00; short Polymarket Perps: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.116% vs −0.090%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$78K vs $203K OI
    Polymarket Perps sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legArcus No · Polymarket Perps 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−0.0314%/8h × 21 periods−$65.97
Price spread−0.116% → −0.090% (7d avg)−$2.63
Slippage, 4 orderslive order books−$33.89
Fee Arcus bp × 2 orders−$4.50
Fee Polymarket Perps bp × 2 orders−$8.00
Net · 7 days · $10k−$114.99
Costs to cover0.464%Break-evennever at this rate
Slippage: Arcus: live order book, 17 min ago; Polymarket Perps: live order book, 16 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGArcus7.9219.7 bp−$2032.7 bp−$327doesn’t fitdoesn’t fit
SELL · SHORTPolymarket Perps2.978.1 bp−$8doesn’t fitdoesn’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