USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.031%

Price spread now: Aevo against Lighter+1.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Aevo

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 1.073% dearer against Lighter than usual: you sell high and buy low: +$107 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USELESS	0.2641	0.0096	pay 0.0012% / 1h	39m 34s	$1.2M	$1.2M	3x
Short	Aevo USELESS-PERP	0.2670	0.0136	get 0.0017% / 1h	39m 34s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now +1.073%Rate

Funding earned: $8.4
Price spread: +1.073% → 0.000%: $107.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $99.65
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Lighter: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 6 min ago	5.04 bp	20.0 bp −$20	64.5 bp −$645	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESSlong	+0.0096%	1h	0.2641	long leg	$1.2M	$1.2M	3x
Hyperliquid USELESS	+0.0100%	1h	0.2655	+0.514%	$11.5M	$22.8M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2644	+0.087%	$518K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2643	+0.066%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2643	+0.068%	$25K	$246K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2658	+0.625%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2657	+0.606%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2657	+0.594%	$630K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0108%	4h	0.2655	+0.530%	$5.1M	$10.4M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2639	−0.091%	$4.8M	$10.6M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERPshort	+0.0136%	1h	0.2670	+1.073%	$10K	—	3x
OKX USELESS-USDT-SWAP	+0.0139%	4h	0.2654	+0.481%	$9.0M	$64.7M	10x	as long as short
Binance USELESSUSDT	+0.0202%	4h	0.2648	+0.242%	$22.1M	$122.1M	50x	as long as short
edgeX USELESSUSDC	+0.0216%	4h	0.2691	+1.887%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0222%	4h	0.2645	+0.125%	$10.7M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2645	+0.127%	$113K	$1.1M	5x	as long as short
Bybit USELESSUSDT	+0.0345%	4h	0.2648	+0.246%	$25.0M	$48.5M	13x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2643	+0.080%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0513%	4h	0.2699	+2.186%	$1.1M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0590%	4h	0.2636	−0.204%	$6.6M	$8.6M	50x	as long as short
BloFin USELESS-USDT	+0.0654%	4h	0.2694	+1.988%	$1.1M	$2.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0844%	1h	0.2694	+1.991%	$48K	$698K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1203%	4h	0.2667	+0.954%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+6.996%	$5K	$11K	5.5x	as long as short