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+0.0007%/8h= +0.8% APRpaid last 24h −0.101%
Price spread now: Extended against Aster−0.092%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2242.241% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.357%−$36 on $10k
Price spread, last 7 days+0.262%+$26 · spread now −0.092%, 7d avg −0.047%
Together, before fees−0.095%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.045% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.28550.0313pay 0.0156% / 4h24m 22s$559K$2.2M10x
ShortExtended USELESS-USD0.28520.0320get 0.0040% / 1h24m 22s$272K$1.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$1.55
Price spread: −0.092% → −0.047%
−$4.54
Slippage, 4 orders
−$211.13
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$227.11
Costs to cover
2.241%
Break-even
1030.0 days
Slippage from Aster: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago3.81 bp14.2 bp −$14120.3 bp −$1,203doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago73.21 bp90.4 bp −$90doesn't fitdoesn'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%1h0.2857+0.093%$1.3M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2851−0.118%$30K$19K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2851−0.131%$9.9M$72.5M10xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2855+0.009%$5.2M$10.8M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2851−0.131%$5.5M$10.9M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2858+0.100%$29K$279K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2852−0.093%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2859+0.170%$19K$515K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2853−0.044%$644K$1.2M20xas long as short
Aevo USELESS-PERP+0.0160%1h0.2852−0.093%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0290%4h0.2852−0.103%$7.1M$8.8M50xas long as short
Aster USELESSUSDTlong+0.0313%4h0.2855long leg$559K$2.2M10x
Extended USELESS-USDshort+0.0320%1h0.2852−0.092%$272K$1.7M5x
Binance USELESSUSDT+0.0320%4h0.2852−0.096%$23.7M$127.1M50xas long as short
MEXC USELESS_USDT+0.0322%4h0.2859+0.142%$12.7M$6.3M50xas long as short
edgeX USELESSUSDC+0.0322%4h0.2882+0.946%$21K$198K10xas long as short
BingX USELESS-USDT+0.0512%4h0.2852−0.096%$5.4Mas long as short
ApeX Omni USELESSUSDT+0.0545%1h0.2877+0.783%$54K$701K25xas long as short
Bybit USELESSUSDT+0.0584%4h0.2851−0.117%$27.1M$50.3M13xas long as short
Variational Omni USELESS+0.0591%4h0.2855−0.001%$1.2M$1.9Mas long as short
BloFin USELESS-USDT+0.0805%4h0.2854−0.009%$1.2M$2.2M12xas long as short
Orderly PERP_USELESS_USDC+0.0955%4h0.2853−0.075%$21K$1.7M10xas long as short
Hyperliquid USELESS+0.1056%1h0.2859+0.154%$12.5M$23.8M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3027+6.038%$5K$11K5.5xas long as short