data as of
Settings8H · net · $10k
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Funding arb /

USELESS

all USELESS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0004%/8h
next payment, per $10,000−$0.01paid, last 24h−0.037%paid, last 7 days+0.012%to open and close $10k−$86
Long on ApeX OmniShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.27730.0100pay 0.0013% / 1h45m 47s$41K$679K25x
ShortLighter USELESS0.27480.0096get 0.0012% / 1h45m 47s$1.3M$835K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
−$75.7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$86.54
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 9 min ago; Lighter: live order book, 7 min ago.

Price risk

price view
Price gap now
−0.902%
Avg gap 7d
−0.068%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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, 9 min ago10.85 bp18.6 bp −$19112.7 bp −$1,127doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago3.79 bp20.5 bp −$21102.6 bp −$1,026doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
Lighter USELESSshort+0.0096%1h$1.3M$835K3x
Pacifica USELESS+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.3M$49.3M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.3M$5.2M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.1M12xas long as short
ApeX Omni USELESSUSDTlong+0.0100%1h$41K$679K25x
Polymarket Perps USELESS-USD+0.0100%1h$53K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$20K$287K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$493K$1.4M20xas long as short
Bitget USELESSUSDT+0.0186%4h$5.3M$5.8M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Hyperliquid USELESS+0.0264%1h$11.9M$12.9M3xas long as short
edgeX USELESSUSDC+0.0441%4h$21K$184K10xas long as short
Binance USELESSUSDT+0.0468%4h$23.3M$80.3M50xas long as short
Extended USELESS-USD+0.0472%1h$258K$915K5xas long as short
Bybit USELESSUSDT+0.0474%4h$26.7M$31.7M13xas long as short
MEXC USELESS_USDT+0.0474%4h$16.6M$4.1M50xas long as short
BingX USELESS-USDT+0.0508%4h—$3.8M—as long as short
Variational Omni USELESS+0.0666%4h$1.1M$1.5M—as long as short
BloFin USELESS-USDT+0.0759%4h$1.2M$1.5M12xas long as short
Aster USELESSUSDT+0.0851%4h$579K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1114%4h$18K$1.4M10xas long as short