Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0279%/8h= −30.5% APRpaid last 24h −0.194%

Price spread now: ApeX Omni against Aster+0.735%109s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.703% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.513%−$51 on $10k

Price spread, last 4 days (all we have)−1.187%−$119 · spread now +0.735%, 7d avg +0.041%

Together, before fees−1.700%+ Points / potential airdropAster: Stage 5 · farm board−$170 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.694% dearer against Aster than usual: you sell high and buy low (spread +0.735% now, against its 7-day average of +0.041%): +$69 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8.3 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2802	0.1079	pay 0.0539% / 4h	2h 09m	$624K	$2.3M	10x
Short	ApeX Omni USELESSUSDT	0.2823	0.0800	get 0.0100% / 1h	9m 37s	$39K	$698K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee AsterbpFee ApeX OmnibpOrdersPrice spread, now +0.735%Rate

Funding earned: −$58.51
Price spread: +0.735% → +0.041%: $69.42
Slippage, 4 orders: −$52.31
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.4
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; ApeX Omni: live order book, 59 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 Aster live order book, 4 min ago	6.57 bp	21.9 bp −$22	136.6 bp −$1,366	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	5.18 bp	13.6 bp −$14	107.9 bp −$1,079	doesn't fit	doesn't fit

USELESS on 23 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	0.2801	−0.057%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2803	+0.019%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2802	−0.011%	$9.9M	$65.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2803	+0.007%	$7.0M	$8.4M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2810	+0.278%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	+0.428%	$18K	$502K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2802	−0.018%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0136%	4h	0.2802	−0.025%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2811	+0.311%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0426%	1h	0.2809	+0.239%	$28K	$202K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0543%	4h	0.2813	+0.387%	$21K	$194K	10x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2803	+0.015%	$300K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2803	+0.039%	$10.9M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2803	+0.039%	$23.8M	$117.0M	50x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2801	−0.046%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDT	+0.0738%	4h	0.2803	+0.007%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0771%	4h	0.2803	+0.014%	$27.2M	$46.3M	13x	as long as short
ApeX Omni USELESSUSDTshort	+0.0800%	1h	0.2823	+0.735%	$39K	$698K	25x
Variational Omni USELESS	+0.0901%	4h	0.2816	+0.484%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTlong	+0.1079%	4h	0.2802	long leg	$624K	$2.3M	10x
Hyperliquid USELESS	+0.1282%	1h	0.2803	+0.021%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1303%	4h	0.2810	+0.278%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.641%	$5K	$9K	5.5x	as long as short