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+0.0455%/8h= +49.8% APRnext payment +$2.28 per $10,000 · paid last 24h +0.121%
Price spread now: Aster against edgeX−1.014%110s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2642.638% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.388%+$39 on $10k
Price spread, last 4 days (all we have)+1.115%+$112 · spread now −1.014%, 7d avg −0.074%
Together, before fees+1.503%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$150 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.940% cheaper against edgeX than usual: you would sell low and buy high (spread −1.014% now, against its 7-day average of −0.074%). If the spread goes back, that is −$94 on $10k: about 6.9 days of funding at the current rate (+$14 a day). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX USELESSUSDC0.27610.0589pay 0.0294% / 4h1h 45m$21K$195K10x
ShortAster USELESSUSDT0.27330.1044get 0.0522% / 4h1h 45m$585K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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
$95.58
Price spread: −1.014% → −0.074%
−$93.99
Slippage, 4 orders
−$246.8
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$262.21
Costs to cover
2.638%
Break-even
26.2 days
Slippage from edgeX: live order book, 16 min ago; Aster: live order book, 3 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 edgeX live order book, 16 min ago1.42 bp99.3 bp −$99doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago5.11 bp24.7 bp −$2570.1 bp −$701doesn'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%1h0.2734−0.995%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2735−0.928%$30K$70K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2733−1.014%$6.8M$8.5M50xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2742−0.688%$32K$209K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2743−0.655%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2746−0.543%$18K$505K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2737−0.865%$601K$1.1M20xas long as short
OKX USELESS-USDT-SWAP+0.0129%4h0.2743−0.637%$9.6M$64.5M10xas long as short
ApeX Omni USELESSUSDT+0.0197%1h0.2758−0.112%$38K$693K25xas long as short
KuCoin USELESSUSDTM+0.0200%4h0.2735−0.948%$5.1M$10.4M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0224%1h0.2741−0.736%$10K3xas long as short
Bitget USELESSUSDT+0.0524%4h0.2742−0.698%$5.2M$9.9M20xas long as short
MEXC USELESS_USDT+0.0580%4h0.2736−0.901%$10.7M$6.0M50xas long as short
Binance USELESSUSDT+0.0582%4h0.2734−0.967%$23.2M$117.8M50xas long as short
Extended USELESS-USD+0.0584%1h0.2737−0.888%$290K$1.1M5xas long as short
edgeX USELESSUSDClong+0.0589%4h0.2761long leg$21K$195K10x
Hyperliquid USELESS+0.0766%1h0.2735−0.959%$13.4M$20.9M3xas long as short
BingX USELESS-USDT+0.0898%4h0.2742−0.677%$5.1Mas long as short
Bybit USELESSUSDT+0.0917%4h0.2739−0.807%$26.5M$46.4M13xas long as short
Variational Omni USELESS+0.0956%4h0.2742−0.685%$1.2M$1.7Mas long as short
Aster USELESSUSDTshort+0.1044%4h0.2733−1.014%$585K$2.3M10x
BloFin USELESS-USDT+0.1190%4h0.2744−0.619%$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1342%4h0.2740−0.771%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2908+5.332%$5K$9K5.5xas long as short