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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.37 per $10,000 · paid last 24h −0.101%
Price spread now: Binance against Aster+0.081%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$740.736% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.382%−$38 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.081%, 7d avg −0.002%
Together, before fees−0.491%+ Points / potential airdropAster: Stage 5 · farm board−$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.084% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 6 days funding on this pair cost −0.382%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.26240.0286pay 0.0143% / 4h3h 35m$519K$2.4M10x
ShortBinance USELESSUSDT0.26260.0359get 0.0180% / 4h3h 35m$21.9M$121.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$15.43
Price spread: +0.081% → −0.002%
$8.38
Slippage, 4 orders
−$55.57
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$49.76
Costs to cover
0.736%
Break-even
29.6 days
Slippage from Aster: live order book, 3 min ago; Binance: live order book, 7 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 Aster live order book, 3 min ago7.06 bp15.2 bp −$15118.6 bp −$1,186doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.76 bp19.4 bp −$1961.5 bp −$615doesn'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%1h0.2630+0.227%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2623−0.025%$28K$18K3xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2631+0.265%$25K$232K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2631+0.276%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2625+0.036%$18K$520K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2628+0.173%$605K$1.1M20xas long as short
ApeX Omni USELESSUSDT+0.0129%1h0.2633+0.360%$36K$697K25xas long as short
Aevo USELESS-PERP+0.0168%1h0.2633+0.369%$9K3xas long as short
OKX USELESS-USDT-SWAP+0.0198%4h0.2631+0.288%$8.9M$63.6M10xas long as short
KuCoin USELESSUSDTM+0.0202%4h0.2625+0.036%$4.8M$10.7M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0208%4h0.2629+0.215%$5.0M$10.3M20xas long as short
Aster USELESSUSDTlong+0.0286%4h0.2624long leg$519K$2.4M10x
edgeX USELESSUSDC+0.0348%4h0.2636+0.491%$20K$196K10xas long as short
MEXC USELESS_USDT+0.0350%4h0.2632+0.307%$10.6M$6.0M50xas long as short
Binance USELESSUSDTshort+0.0359%4h0.2626+0.081%$21.9M$121.7M50x
Extended USELESS-USD+0.0360%1h0.2631+0.273%$112K$1.1M5xas long as short
Hyperliquid USELESS+0.0446%1h0.2632+0.318%$11.6M$22.6M3xas long as short
Variational Omni USELESS+0.0590%4h0.2630+0.230%$1.1M$1.8Mas long as short
Gate USELESS_USDT+0.0628%4h0.2626+0.074%$6.6M$8.6M50xas long as short
Bybit USELESSUSDT+0.0661%4h0.2629+0.212%$24.8M$48.5M13xas long as short
BingX USELESS-USDT+0.0822%4h0.2637+0.497%$5.3Mas long as short
BloFin USELESS-USDT+0.0968%4h0.2622−0.055%$1.1M$1.9M12xas long as short
Orderly PERP_USELESS_USDC+0.1301%4h0.2628+0.158%$19K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2775+5.773%$5K$11K5.5xas long as short