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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0654%/8h= −71.6% APRpaid last 24h −0.112%
Price spread now: Aevo against BingX−0.011%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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.26190.0822pay 0.0411% / 4h3h 33m$5.3M
ShortAevo USELESS-PERP0.26190.0168get 0.0021% / 1h33m 02s$9K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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
−$137.34
Price spread: −0.011% → 0.000%
−$1.15
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$164.49
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 2 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 BingX live order book, 2 min ago3.83 bp19.0 bp −$1952.4 bp −$524397.0 bp −$39.7K1178.4 bp −$589.2K
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%1h0.2618−0.046%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2617−0.061%$28K$18K3xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2618−0.034%$36K$696K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2622+0.134%$25K$232K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2626+0.290%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2620+0.050%$18K$520K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2622+0.134%$601K$1.1M20xas long as short
Aevo USELESS-PERPshort+0.0168%1h0.2619−0.011%$9K3x
OKX USELESS-USDT-SWAP+0.0196%4h0.2618−0.034%$8.9M$63.3M10xas long as short
Bitget USELESSUSDT+0.0216%4h0.2619+0.015%$5.0M$10.3M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0224%4h0.2617−0.061%$4.7M$10.7M12xas long as short
Aster USELESSUSDT+0.0266%4h0.2620+0.056%$518K$2.4M10xas long as short
edgeX USELESSUSDC+0.0356%4h0.2618−0.031%$19K$197K10xas long as short
Extended USELESS-USD+0.0360%1h0.2618−0.045%$112K$1.1M5xas long as short
Binance USELESSUSDT+0.0361%4h0.2620+0.023%$21.8M$122.0M50xas long as short
MEXC USELESS_USDT+0.0362%4h0.2620+0.038%$10.6M$6.0M50xas long as short
Hyperliquid USELESS+0.0419%1h0.26190.000%$11.5M$22.6M3xas long as short
Variational Omni USELESS+0.0590%4h0.2630+0.408%$1.1M$1.8Mas long as short
Gate USELESS_USDT+0.0598%4h0.2618−0.042%$6.5M$8.6M50xas long as short
BingX USELESS-USDTlong+0.0822%4h0.2619long leg$5.3M
BloFin USELESS-USDT+0.1063%4h0.2619+0.008%$1.1M$1.9M12xas long as short
Bybit USELESSUSDT+0.1195%4h0.2619−0.004%$24.7M$48.6M13xas long as short
Orderly PERP_USELESS_USDC+0.1303%4h0.2619+0.011%$19K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2767+5.647%$5K$11K5.5xas long as short