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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.078%
Price spread now: Aster against Variational Omni+0.177%7-day average −0.321% · you sell dearer than you buy
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 3 days (all we have)+0.233%+$23 on $10k
Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.177%, 7d avg −0.321%
Together, before fees+0.432%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.498% dearer against Variational Omni than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of −0.321%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.29420.1314pay 0.0657% / 4h2h 18m$1.2M$1.7M
ShortAster USELESSUSDT0.29470.1401get 0.0700% / 4h2h 18m$681K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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
$18.18
Price spread: +0.177% → −0.321%
$49.79
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$59.97
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aster: live order book, 5 min ago. 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 Variational Omni RFQ quote, 1 min ago5.09 bpdoesn't fit66.2 bp −$662doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago5.79 bp15.2 bp −$15124.8 bp −$1,248doesn't fitdoesn't fit

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%1h0.2948+0.208%$1.4M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2947+0.179%$33K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2934−0.258%$10.5M$65.6M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2940−0.057%$29K$137K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2943+0.041%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2941−0.040%$20K$379K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2935−0.221%$585K$1.2M20xas long as short
Aevo USELESS-PERP+0.0240%1h0.2942−0.002%$11K3xas long as short
KuCoin USELESSUSDTM+0.0250%4h0.2938−0.149%$5.5M$9.6M12xas long as short
ApeX Omni USELESSUSDT+0.0437%1h0.2937−0.170%$42K$699K25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0438%4h0.2937−0.166%$7.3M$7.8M50xas long as short
Bitget USELESSUSDT+0.0542%4h0.2939−0.115%$5.6M$8.7M20xas long as short
MEXC USELESS_USDT+0.0660%4h0.2942+0.007%$10.4M$5.9M50xas long as short
Extended USELESS-USD+0.0664%1h0.2937−0.163%$310K$967K5xas long as short
Binance USELESSUSDT+0.0665%4h0.2938−0.139%$25.3M$109.3M50xas long as short
edgeX USELESSUSDC+0.0668%4h0.2939−0.107%$22K$190K10xas long as short
Orderly PERP_USELESS_USDC+0.1188%4h0.2938−0.142%$22K$1.4M10xas long as short
BingX USELESS-USDT+0.1272%4h0.2936−0.190%$4.9Mas long as short
Bybit USELESSUSDT+0.1307%4h0.2937−0.166%$29.6M$42.6M13xas long as short
Variational Omni USELESSlong+0.1314%4h0.2942long leg$1.2M$1.7M
Aster USELESSUSDTshort+0.1401%4h0.2947+0.177%$681K$2.1M10x
Hyperliquid USELESS+0.1607%1h0.2944+0.070%$15.1M$19.6M3xas long as short
BloFin USELESS-USDT+0.1622%4h0.2953+0.381%$1.3M$2.0M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3113+5.796%$5K$10K5.5xas long as short