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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1115%/8h= −122.1% APRpaid last 24h −0.178%
Price spread now: Aevo against BloFin−0.173%113s7-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
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Aevo is 0.173% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.28240.1323pay 0.0661% / 4h27m 20s$1.2M$2.0M12x
ShortAevo USELESS-PERP0.28200.0208get 0.0026% / 1h27m 20s$10K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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
−$234.14
Price spread: −0.173% → 0.000%
−$17.28
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$279.41
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago0.53 bp9.9 bp −$1030.7 bp −$307doesn't fitdoesn't fit
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%1h0.2814−0.372%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2814−0.386%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2817−0.276%$9.9M$66.5M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2814−0.375%$35K$158K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2818−0.248%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2817−0.273%$19K$496K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2805−0.694%$569K$1.2M20xas long as short
ApeX Omni USELESSUSDT+0.0147%1h0.2815−0.336%$39K$702K25xas long as short
Aevo USELESS-PERPshort+0.0208%1h0.2820−0.173%$10K3x
KuCoin USELESSUSDTM+0.0240%4h0.2814−0.375%$5.2M$10.0M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0328%4h0.2815−0.351%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0360%4h0.2813−0.418%$7.0M$8.3M50xas long as short
edgeX USELESSUSDC+0.0497%4h0.2823−0.067%$21K$191K10xas long as short
MEXC USELESS_USDT+0.0508%4h0.2815−0.329%$10.4M$6.0M50xas long as short
Binance USELESSUSDT+0.0510%4h0.2815−0.324%$23.7M$116.1M50xas long as short
Extended USELESS-USD+0.0512%1h0.2814−0.381%$297K$966K5xas long as short
BingX USELESS-USDT+0.0960%4h0.2817−0.258%$5.0Mas long as short
Bybit USELESSUSDT+0.0985%4h0.2817−0.269%$27.8M$45.7M13xas long as short
Aster USELESSUSDT+0.1097%4h0.2816−0.295%$647K$2.3M10xas long as short
Variational Omni USELESS+0.1185%4h0.2823−0.068%$1.2M$1.8Mas long as short
Orderly PERP_USELESS_USDC+0.1322%4h0.2818−0.248%$22K$1.4M10xas long as short
BloFin USELESS-USDTlong+0.1323%4h0.2824long leg$1.2M$2.0M12x
Hyperliquid USELESS+0.1541%1h0.2821−0.131%$14.0M$21.0M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2980+5.495%$5K$9K5.5xas long as short