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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0454%/8h= +49.7% APRnext payment +$2.27 per $10,000 · paid last 24h +0.159%
Price spread now: Aster against Bitget−0.117%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1141.142% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.472%+$47 on $10k
Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.117%, 7d avg −0.011%
Together, before fees+0.537%+ Points / potential airdropAster: Stage 5 · farm board+$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.105% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.011%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USELESSUSDT0.28460.0572pay 0.0286% / 4h2h 52m$5.4M$9.9M20x
ShortAster USELESSUSDT0.28420.1026get 0.0513% / 4h2h 52m$653K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
$95.31
Price spread: −0.117% → −0.011%
−$10.52
Slippage, 4 orders
−$94.22
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$29.43
Costs to cover
1.142%
Break-even
9.2 days
Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 1 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 Bitget live order book, 1 min ago6.18 bp27.8 bp −$28117.7 bp −$1,177doesn't fitdoesn't fit
Sell Aster live order book, 1 min ago6.53 bp21.0 bp −$21145.3 bp −$1,453doesn'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%1h0.2845−0.025%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2834−0.395%$32K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2845−0.018%$10.0M$67.5M10xas long as short
Gate USELESS_USDT+0.0100%4h0.2837−0.316%$7.1M$8.3M50xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2834−0.404%$39K$698K25xas long as short
SunX USELESS-USDT+0.0100%4h0.2844−0.039%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2846+0.007%$19K$515K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2833−0.446%$599K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0106%4h0.2843−0.084%$5.2M$10.2M12xas long as short
Aevo USELESS-PERP+0.0200%1h0.2845−0.027%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC USELESS_USDT+0.0482%4h0.2847+0.049%$11.1M$6.0M50xas long as short
Binance USELESSUSDT+0.0486%4h0.2846+0.032%$24.1M$117.5M50xas long as short
Extended USELESS-USD+0.0488%1h0.2846+0.007%$298K$1.2M5xas long as short
edgeX USELESSUSDC+0.0488%4h0.2844−0.037%$21K$193K10xas long as short
Bitget USELESSUSDTlong+0.0572%4h0.2846long leg$5.4M$9.9M20x
Polymarket Perps USELESS-USD+0.0611%1h0.2848+0.070%$45K$184K3xas long as short
Bybit USELESSUSDT+0.0711%4h0.28460.000%$27.7M$46.7M13xas long as short
BingX USELESS-USDT+0.0723%4h0.2846+0.032%$5.1Mas long as short
Variational Omni USELESS+0.0962%4h0.2815−1.085%$1.2M$1.7Mas long as short
Aster USELESSUSDTshort+0.1026%4h0.2842−0.117%$653K$2.3M10x
BloFin USELESS-USDT+0.1037%4h0.2828−0.626%$1.2M$2.1M12xas long as short
Hyperliquid USELESS+0.1081%1h0.2849+0.109%$14.2M$21.0M3xas long as short
Orderly PERP_USELESS_USDC+0.1264%4h0.2844−0.039%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2984+4.878%$5K$9K5.5xas long as short