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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.030%
Price spread now: SunX against Aevo+0.002%7-day average · 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 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: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.26220.0168pay 0.0021% / 1h26m 45s$9K3x
ShortSunX USELESS-USDT0.26220.0100get 0.0050% / 4h3h 26m$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$14.28
Price spread: +0.002% → 0.000%
$0.15
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 4 bp × 2 orders
−$8
Net
−$38.13
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; SunX: live order book, 8 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 Aevo no order-book sample
Sell SunX live order book, 8 min ago45.12 bp64.2 bp −$64doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2617−0.220%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2615−0.277%$28K$18K3xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2619−0.140%$25K$234K3xas long as short
SunX USELESS-USDTshort+0.0100%4h0.2622+0.002%$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2614−0.330%$18K$520K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2620−0.098%$602K$1.1M20xas long as short
Aevo USELESS-PERPlong+0.0168%1h0.2622long leg$9K3x
ApeX Omni USELESSUSDT+0.0169%1h0.2619−0.132%$36K$696K25xas long as short
Bitget USELESSUSDT+0.0194%4h0.2614−0.338%$5.0M$10.3M20xas long as short
OKX USELESS-USDT-SWAP+0.0197%4h0.2613−0.353%$8.9M$63.2M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0198%4h0.2616−0.239%$4.7M$10.7M12xas long as short
Aster USELESSUSDT+0.0217%4h0.2613−0.371%$516K$2.4M10xas long as short
Gate USELESS_USDT+0.0294%4h0.2611−0.426%$6.5M$8.6M50xas long as short
edgeX USELESSUSDC+0.0342%4h0.2625+0.081%$20K$196K10xas long as short
Binance USELESSUSDT+0.0344%4h0.2612−0.388%$21.8M$121.7M50xas long as short
MEXC USELESS_USDT+0.0350%4h0.2614−0.326%$10.5M$6.0M50xas long as short
Extended USELESS-USD+0.0352%1h0.2611−0.421%$112K$1.1M5xas long as short
Hyperliquid USELESS+0.0409%1h0.2618−0.166%$11.4M$22.7M3xas long as short
Variational Omni USELESS+0.0637%4h0.2628+0.224%$1.0M$1.8Mas long as short
Bybit USELESSUSDT+0.0836%4h0.2612−0.395%$24.6M$48.5M13xas long as short
BingX USELESS-USDT+0.0936%4h0.2612−0.380%$5.3Mas long as short
BloFin USELESS-USDT+0.1231%4h0.2621−0.044%$1.1M$1.9M12xas long as short
Orderly PERP_USELESS_USDC+0.1302%4h0.2623+0.017%$19K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2770+5.641%$5K$11K5.5xas long as short