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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0931%/8h= +101.9% APRpaid last 24h +0.193%
Price spread now: Aster against ApeX Omni+0.482%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$690.691% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.506%+$51 on $10k
Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.482%, 7d avg −0.034%
Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Aster is 0.516% dearer against ApeX Omni than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.27460.0100pay 0.0013% / 1h33m 13s$38K$693K25x
ShortAster USELESSUSDT0.27590.1031get 0.0515% / 4h1h 33m$582K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX 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
$195.42
Price spread: +0.482% → −0.034%
$51.6
Slippage, 4 orders
−$51.08
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$177.94
Costs to cover
0.691%
Break-even
0.6 days
Slippage from ApeX Omni: live order book, 30 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 30 min ago7.11 bp21.2 bp −$21117.0 bp −$1,170doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago6.74 bp13.5 bp −$1456.7 bp −$567doesn'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%1h0.2761+0.546%$1.3M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2752+0.218%$30K$70K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2756+0.361%$6.9M$8.5M50xas long as short
ApeX Omni USELESSUSDTlong+0.0100%1h0.2746long leg$38K$693K25x
Polymarket Perps USELESS-USD+0.0100%1h0.2761+0.554%$34K$211K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2763+0.619%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2753+0.251%$18K$508K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2755+0.331%$608K$1.1M20xas long as short
OKX USELESS-USDT-SWAP+0.0152%4h0.2763+0.619%$9.7M$64.9M10xas long as short
Aevo USELESS-PERP+0.0224%1h0.2759+0.486%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0230%4h0.2760+0.499%$5.1M$10.4M12xas long as short
Bitget USELESSUSDT+0.0516%4h0.2763+0.608%$5.3M$9.9M20xas long as short
edgeX USELESSUSDC+0.0572%4h0.2748+0.087%$20K$195K10xas long as short
Binance USELESSUSDT+0.0581%4h0.2763+0.637%$23.4M$118.0M50xas long as short
MEXC USELESS_USDT+0.0582%4h0.2763+0.630%$10.8M$6.0M50xas long as short
Extended USELESS-USD+0.0584%1h0.2763+0.606%$291K$1.1M5xas long as short
Hyperliquid USELESS+0.0678%1h0.2765+0.696%$13.5M$20.9M3xas long as short
BingX USELESS-USDT+0.0832%4h0.2761+0.557%$5.1Mas long as short
Bybit USELESSUSDT+0.0917%4h0.2763+0.615%$26.7M$46.5M13xas long as short
Variational Omni USELESS+0.0928%4h0.2748+0.062%$1.2M$1.7Mas long as short
Aster USELESSUSDTshort+0.1031%4h0.2759+0.482%$582K$2.3M10x
BloFin USELESS-USDT+0.1120%4h0.2764+0.674%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1350%4h0.2761+0.557%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2915+6.140%$5K$9K5.5xas long as short