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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0819%/8h= −89.7% APRpaid last 24h −0.203%
Price spread now: Aevo against Aster−0.327%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 fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Aevo is 0.327% cheaper against Aster than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.27520.1051pay 0.0525% / 4h1h 20m$580K$2.2M10x
ShortAevo USELESS-PERP0.27430.0232get 0.0029% / 1h20m 20s$10K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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
−$171.99
Price spread: −0.327% → 0.000%
−$32.71
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$228.69
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 3 min ago; Aevo: no order-book sample. 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 Aster live order book, 3 min ago4.57 bp17.4 bp −$1786.6 bp −$866doesn't fitdoesn't fit
Sell Aevo no order-book sample
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%1h0.2738−0.494%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2751−0.004%$30K$70K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2742−0.356%$6.9M$8.6M50xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2736−0.567%$38K$695K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2746−0.200%$38K$215K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2743−0.327%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2747−0.174%$18K$511K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2738−0.498%$604K$1.1M20xas long as short
OKX USELESS-USDT-SWAP+0.0206%4h0.2741−0.382%$9.6M$64.4M10xas long as short
Aevo USELESS-PERPshort+0.0232%1h0.2743−0.327%$10K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0274%4h0.2747−0.174%$5.0M$10.4M12xas long as short
Bitget USELESSUSDT+0.0556%4h0.2741−0.371%$5.3M$9.9M20xas long as short
edgeX USELESSUSDC+0.0570%4h0.2735−0.595%$20K$195K10xas long as short
MEXC USELESS_USDT+0.0604%4h0.2745−0.236%$10.9M$6.0M50xas long as short
Binance USELESSUSDT+0.0622%4h0.2739−0.472%$23.2M$118.0M50xas long as short
Extended USELESS-USD+0.0624%1h0.2740−0.417%$289K$1.1M5xas long as short
Hyperliquid USELESS+0.0703%1h0.2746−0.200%$13.4M$20.9M3xas long as short
BingX USELESS-USDT+0.0890%4h0.2743−0.305%$5.2Mas long as short
Bybit USELESSUSDT+0.1007%4h0.2742−0.345%$26.5M$46.5M13xas long as short
Variational Omni USELESS+0.1034%4h0.2753+0.063%$1.2M$1.7Mas long as short
Aster USELESSUSDTlong+0.1051%4h0.2752long leg$580K$2.2M10x
BloFin USELESS-USDT+0.1280%4h0.2753+0.069%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1390%4h0.2744−0.276%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2892+5.106%$5K$9K5.5xas long as short