Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0951%/8h= −104.1% APRpaid last 24h −0.222%

Price spread now: Polymarket Perps against Aster−0.200%7-day average +0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.649%−$65 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.200%, 7d avg +0.026%

Together, before fees−0.462%+ Points / potential airdropAster: Stage 5 · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Polymarket Perps is 0.226% cheaper against Aster than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2752	0.1051	pay 0.0525% / 4h	1h 20m	$580K	$2.2M	10x
Short	Polymarket Perps USELESS-USD	0.2746	0.0100	get 0.0013% / 1h	20m 26s	$38K	$215K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.200%Rate

Funding earned: −$199.71
Price spread: −0.200% → +0.026%: −$22.62
Slippage, 4 orders: −$47.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$285.4
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 41 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, 3 min ago	4.57 bp	17.4 bp −$17	86.6 bp −$866	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 41 min ago	1.60 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 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	0.2749	−0.080%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2751	−0.004%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2744	−0.287%	$6.9M	$8.6M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2736	−0.567%	$38K	$695K	25x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2746	−0.200%	$38K	$215K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2757	+0.193%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2755	+0.138%	$18K	$510K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2750	−0.051%	$607K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0206%	4h	0.2745	−0.233%	$9.7M	$64.5M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2756	+0.174%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0274%	4h	0.2747	−0.174%	$5.0M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0556%	4h	0.2744	−0.269%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0570%	4h	0.2735	−0.595%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0604%	4h	0.2745	−0.236%	$10.9M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2748	−0.148%	$289K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0622%	4h	0.2748	−0.142%	$23.3M	$118.0M	50x	as long as short
Hyperliquid USELESS	+0.0703%	1h	0.2746	−0.200%	$13.4M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2746	−0.193%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.1007%	4h	0.2744	−0.262%	$26.5M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.1034%	4h	0.2753	+0.063%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTlong	+0.1051%	4h	0.2752	long leg	$580K	$2.2M	10x
BloFin USELESS-USDT	+0.1280%	4h	0.2753	+0.069%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1386%	4h	0.2755	+0.134%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2892	+5.106%	$5K	$9K	5.5x	as long as short