USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.031%

Price spread now: Lighter against Aevo+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Lighter

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2833	0.0152	pay 0.0019% / 1h	2m 32s	$10K	—	3x
Short	Lighter USELESS	0.2833	0.0096	get 0.0012% / 1h	2m 32s	$1.3M	$1.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$11.76
Price spread: +0.012% → 0.000%: $1.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.63 bp	26.0 bp −$26	104.3 bp −$1,043	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESSshort	+0.0096%	1h	0.2833	+0.012%	$1.3M	$1.3M	3x
Pacifica USELESS	+0.0100%	1h	0.2835	+0.065%	$30K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2833	+0.005%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2831	−0.091%	$5.4M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2834	+0.029%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2838	+0.153%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2837	+0.149%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2842	+0.305%	$651K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0107%	4h	0.2829	−0.133%	$9.7M	$70.7M	10x	as long as short
Aster USELESSUSDT	+0.0124%	4h	0.2836	+0.088%	$555K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERPlong	+0.0152%	1h	0.2833	long leg	$10K	—	3x
Hyperliquid USELESS	+0.0200%	1h	0.2835	+0.075%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0255%	4h	0.2843	+0.335%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0256%	1h	0.2836	+0.100%	$241K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0258%	4h	0.2834	+0.043%	$11.9M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0260%	4h	0.2836	+0.084%	$23.5M	$124.8M	50x	as long as short
Bybit USELESSUSDT	+0.0458%	4h	0.2832	−0.038%	$26.8M	$49.4M	13x	as long as short
BingX USELESS-USDT	+0.0458%	4h	0.2836	+0.110%	—	$5.3M	—	as long as short
ApeX Omni USELESSUSDT	+0.0510%	1h	0.2835	+0.065%	$52K	$702K	25x	as long as short
Variational Omni USELESS	+0.0561%	4h	0.2851	+0.612%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0620%	4h	0.2834	+0.033%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0706%	4h	0.2840	+0.248%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0950%	4h	0.2838	+0.170%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3008	+6.160%	$5K	$11K	5.5x	as long as short