Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1295%/8h= +141.8% APRpaid last 24h +0.218%

Price spread now: Aster against Polymarket Perps+0.063%56s7-day average −0.183% · 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—prices read too far apart to compare

costs, in and out, $10k−$730.730% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.608%+$61 on $10k

Price spread, last 4 days (all we have)+0.576%+$58 · spread now +0.063%, 7d avg −0.183%

Together, before fees+1.185%+ Points / potential airdropAster: Stage 5 · farm board+$118 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Aster is 0.246% dearer against Polymarket Perps than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.183%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.608% in total (about 42.4% a year). A funding rate is set anew for every payment. 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	Polymarket Perps USELESS-USD	0.2940	0.0100	pay 0.0013% / 1h	17m 40s	$29K	$137K	3x
Short	Aster USELESSUSDT	0.2942	0.1395	get 0.0697% / 4h	2h 17m	$680K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.063%Rate

Funding earned: $271.92
Price spread: +0.063% → −0.183%: $24.61
Slippage, 4 orders: −$57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $223.53
Costs to cover: 0.730%
Break-even: 1.2 days

Slippage from Polymarket Perps: live order book, 4 min ago; Aster: live order book, 1 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, 4 min ago	2.89 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 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	0.2937	−0.129%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2937	−0.099%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2934	−0.228%	$10.5M	$65.6M	10x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	0.2940	long leg	$29K	$137K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2943	+0.099%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2941	+0.017%	$20K	$379K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2935	−0.163%	$585K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2942	+0.056%	$11K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0250%	4h	0.2936	−0.150%	$5.5M	$9.6M	12x	as long as short
Gate USELESS_USDT	+0.0420%	4h	0.2932	−0.286%	$7.3M	$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	+0.0437%	1h	0.2937	−0.112%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0536%	4h	0.2933	−0.231%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0654%	4h	0.2953	+0.435%	$22K	$190K	10x	as long as short
Binance USELESSUSDT	+0.0661%	4h	0.2931	−0.332%	$25.3M	$109.4M	50x	as long as short
Extended USELESS-USD	+0.0664%	1h	0.2937	−0.117%	$310K	$967K	5x	as long as short
MEXC USELESS_USDT	+0.0664%	4h	0.2937	−0.122%	$10.4M	$5.9M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1188%	4h	0.2938	−0.085%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1200%	4h	0.2936	−0.160%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1274%	4h	0.2929	−0.371%	$29.5M	$42.6M	13x	as long as short
Variational Omni USELESS	+0.1314%	4h	0.2942	+0.057%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTshort	+0.1395%	4h	0.2942	+0.063%	$680K	$2.1M	10x
Hyperliquid USELESS	+0.1612%	1h	0.2944	+0.143%	$15.1M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1622%	4h	0.2953	+0.439%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3113	+5.857%	$5K	$10K	5.5x	as long as short