USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h +0.029%

Price spread now: ApeX Omni against Polymarket Perps−0.294%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1571.573% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.294%, 7d avg −0.004%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.290% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.294% now, against its 7-day average of −0.004%). If the spread goes back, that is −$29 on $10k: about 22 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2790	0.0100	pay 0.0013% / 1h	38m 54s	$27K	$260K	3x
Short	ApeX Omni USELESSUSDT	0.2782	0.0143	get 0.0018% / 1h	38m 54s	$49K	$700K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.294%Rate

Funding earned: $9.09
Price spread: −0.294% → −0.004%: −$28.97
Slippage, 4 orders: −$139.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$177.2
Costs to cover: 1.573%
Break-even: 143.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; ApeX Omni: 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 Polymarket Perps live order book, 3 min ago	1.44 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	10.78 bp	19.6 bp −$20	110.2 bp −$1,102	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	0.2793	+0.115%	$1.3M	$1.3M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2787	−0.104%	$546K	$2.2M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2788	−0.066%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2795	+0.165%	$5.4M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	0.2790	long leg	$27K	$260K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2792	+0.054%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2791	+0.036%	$19K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2789	−0.025%	$646K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDTshort	+0.0143%	1h	0.2782	−0.294%	$49K	$700K	25x
Aevo USELESS-PERP	+0.0152%	1h	0.2794	+0.128%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0164%	4h	0.2793	+0.104%	$5.1M	$10.6M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0174%	4h	0.2792	+0.068%	$9.6M	$69.3M	10x	as long as short
edgeX USELESSUSDC	+0.0267%	4h	0.2790	−0.022%	$21K	$196K	10x	as long as short
MEXC USELESS_USDT	+0.0276%	4h	0.2793	+0.100%	$11.6M	$6.1M	50x	as long as short
Extended USELESS-USD	+0.0288%	1h	0.2792	+0.076%	$138K	$839K	5x	as long as short
Binance USELESSUSDT	+0.0290%	4h	0.2792	+0.051%	$23.2M	$123.8M	50x	as long as short
Hyperliquid USELESS	+0.0334%	1h	0.2793	+0.111%	$12.1M	$23.4M	3x	as long as short
BingX USELESS-USDT	+0.0544%	4h	0.2791	+0.029%	—	$5.3M	—	as long as short
Gate USELESS_USDT	+0.0582%	4h	0.2786	−0.147%	$6.9M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0591%	4h	0.2788	−0.073%	$1.0M	$1.8M	—	as long as short
Bybit USELESSUSDT	+0.0651%	4h	0.2792	+0.065%	$26.2M	$48.8M	13x	as long as short
BloFin USELESS-USDT	+0.0891%	4h	0.2791	+0.025%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1052%	4h	0.2792	+0.050%	$21K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2953	+5.828%	$5K	$11K	5.5x	as long as short