Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.1607+0.0096pay 0.0012% / 1h20m 54s$30K$102K3xLong Lighter RH+10% pts
SHORT0.1609+0.0100get 0.0050% / 4h2h 20m$289K$154K10xShort Aster≤10% back
Price gap+0.099%
Funding gap+0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$10 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$2+0.0004% /8h now · paid +0.017% over the last 7D
Price—spread +0.099% now · no price history on both exchanges yet
Costs−$1011.012% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm boardneeds both price histories

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.099%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 29 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size15.8 / 36.7 bp
    At $10k entering Aster costs 36.7 bp, fee and slippage, 2.3× Lighter RH’s.
  • Note: Margin at max leverage$3,333 + $1,000
    Lighter RH 3x, Aster 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter RH: 24 payments, −$2.88; short Aster: 6 payments, +$3.00.
  • Note: No 7-day spread history+0.099%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$30K vs $289K OI
    Lighter RH sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live · Aster Stage 5
    Volume here counts toward the points program.
  • OK: No KYC on either legLighter RH No · Aster No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0008%/8h × 21 periods+$1.67
Price spread+0.099% → 0+$9.95
Slippage, 4 orderslive order books−$93.17
Fee Lighter RH bp × 2 orders$0.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$89.55
Costs to cover1.012%Break-even381.6 days
Slippage: Lighter RH: live order book, 18 min ago; Aster: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter RH6.5915.8 bp−$1688.1 bp−$881doesn’t fitdoesn’t fit
SELL · SHORTAster8.0736.7 bp−$37389.6 bp−$3,896doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchangeSearch all news →
10-02 16:07Lighter RHListingNew perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗
10-02 14:14Lighter RHListingnew market USELESS ($USELESS) seen by our collector
10-01 10:34AvantisListingnew market USELESS/USD ($USELESS) seen by our collector
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector