Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: Aevo against SunX−0.002%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USELESS-USDT0.28110.0100pay 0.0050% / 4h2h 54m$1.4M10x
ShortAevo USELESS-PERP0.28110.0200get 0.0025% / 1h54m 58s$10K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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

Funding earned
$21
Price spread: −0.002% → 0.000%
−$0.18
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$3.18
Costs to cover
0.240%
Break-even
8.1 days
Slippage unknown: SunX: live order book, 10 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago45.79 bp64.2 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2810−0.028%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2818+0.262%$31K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2818+0.235%$9.9M$66.8M10xas long as short
Gate USELESS_USDT+0.0100%4h0.2804−0.245%$7.0M$8.3M50xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2834+0.815%$39K$698K25xas long as short
SunX USELESS-USDTlong+0.0100%4h0.2811long leg$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2810−0.053%$18K$514K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2806−0.189%$593K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0120%4h0.2808−0.117%$5.2M$10.2M12xas long as short
Aevo USELESS-PERPshort+0.0200%1h0.2811−0.002%$10K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps USELESS-USD+0.0390%1h0.2814+0.110%$45K$183K3xas long as short
Extended USELESS-USD+0.0488%1h0.2810−0.040%$295K$1.2M5xas long as short
Binance USELESSUSDT+0.0488%4h0.2815+0.138%$23.8M$117.4M50xas long as short
edgeX USELESSUSDC+0.0488%4h0.2844+1.186%$21K$193K10xas long as short
MEXC USELESS_USDT+0.0492%4h0.2812+0.014%$11.0M$6.0M50xas long as short
Bitget USELESSUSDT+0.0586%4h0.2818+0.231%$5.4M$9.9M20xas long as short
BingX USELESS-USDT+0.0692%4h0.2812+0.028%$5.1Mas long as short
Bybit USELESSUSDT+0.0829%4h0.2813+0.082%$27.4M$46.6M13xas long as short
Hyperliquid USELESS+0.0848%1h0.2813+0.053%$14.0M$21.1M3xas long as short
Variational Omni USELESS+0.0962%4h0.2815+0.125%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1039%4h0.2807−0.129%$646K$2.3M10xas long as short
BloFin USELESS-USDT+0.1051%4h0.28110.000%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1244%4h0.2811−0.007%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2975+5.830%$5K$9K5.5xas long as short