Funding arb · Price arb / Crypto
USELESS
All USELESS markets →| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1607 | +0.0096 | pay 0.0012% / 1h | 20m 54s | $30K | $102K | 3x | Long Lighter RH+10% pts | |
| SHORT | 0.1609 | +0.0100 | get 0.0050% / 4h | 2h 20m | $289K | $154K | 10x | Short 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 forecastFunding+$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 · historyEntry / Exit
Price spread
Prices
Fundingper 8h
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
/8hUSELESS on 29 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size15.8 / 36.7 bpAt $10k entering Aster costs 36.7 bp, fee and slippage, 2.3× Lighter RH’s.
- Note: Margin at max leverage$3,333 + $1,000Lighter RH 3x, Aster 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments 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 OILighter RH sets your exit cost. Check its book before closing.
- OK: Points on a legLighter RH Points live · Aster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legLighter RH No · Aster NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding 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 agoCost to enter
taker + slippage from mid, one sideBUY · 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.
| 10-02 16:07 | Lighter RH | Listing | New perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗ |
| 10-02 14:14 | Lighter RH | Listing | new market USELESS ($USELESS) seen by our collector |
| 10-01 10:34 | Avantis | Listing | new market USELESS/USD ($USELESS) seen by our collector |
| 09-25 05:25 | Arcus | Listing | $USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗ |
| 09-24 17:18 | Arcus | Listing | new market USELESS-USD ($USELESS) seen by our collector |
| 09-22 14:31 | Nado | Listing | new market USELESS-PERP ($USELESS) seen by our collector |


Avantis