USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1262%/8h= +138.1% APRnext payment +$6.31 per $10,000 · paid last 24h +0.205%

Price spread now: Aster against OKX+0.601%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.522%+$52 on $10k

Price spread, last 4 days (all we have)−0.585%−$59 · spread now +0.601%, 7d avg +0.020%

Together, before fees−0.064%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Aster is 0.581% dearer against OKX than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.020%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.522% in total (about 36.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2870	0.0100	pay 0.0050% / 4h	2h 13m	$10.3M	$64.4M	10x
Short	Aster USELESSUSDT	0.2888	0.1361	get 0.0681% / 4h	2h 13m	$667K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.601%Rate

Funding earned: $264.91
Price spread: +0.601% → +0.020%: $58.11
Slippage, 4 orders: −$66.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $238.27
Costs to cover: 0.848%
Break-even: 0.7 days

Slippage from OKX: live order book, 5 min ago; Aster: live order book, 5 min ago.

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 OKX live order book, 5 min ago	0.34 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.74 bp	16.5 bp −$17	139.9 bp −$1,399	doesn't fit	doesn't fit

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 USELESS	+0.0096%	1h	0.2870	−0.017%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2872	+0.049%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2870	long leg	$10.3M	$64.4M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2919	+1.700%	$29K	$138K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2883	+0.453%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2878	+0.279%	$21K	$384K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2880	+0.327%	$576K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0232%	4h	0.2868	−0.080%	$5.3M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2900	+1.026%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0366%	4h	0.2865	−0.178%	$7.1M	$7.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0396%	1h	0.2925	+1.902%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0530%	4h	0.2869	−0.063%	$5.5M	$8.8M	20x	as long as short
Extended USELESS-USD	+0.0648%	1h	0.2869	−0.054%	$303K	$968K	5x	as long as short
MEXC USELESS_USDT	+0.0648%	4h	0.2870	0.000%	$10.1M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0649%	4h	0.2869	−0.039%	$24.7M	$110.1M	50x	as long as short
edgeX USELESSUSDC	+0.0661%	4h	0.2932	+2.151%	$22K	$190K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1184%	4h	0.2897	+0.941%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1200%	4h	0.2870	0.000%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1228%	4h	0.2871	+0.028%	$29.1M	$42.9M	13x	as long as short
Variational Omni USELESS	+0.1330%	4h	0.2930	+2.060%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTshort	+0.1361%	4h	0.2888	+0.601%	$667K	$2.2M	10x
Hyperliquid USELESS	+0.1585%	1h	0.2878	+0.258%	$14.7M	$19.7M	3x	as long as short
BloFin USELESS-USDT	+0.1617%	4h	0.2927	+1.968%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3111	+8.372%	$5K	$10K	5.5x	as long as short