Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1009%/8h= −110.5% APRpaid last 24h −0.225%

Price spread now: Polymarket Perps against Aster−0.099%7-day average +0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$880.877% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.655%−$66 on $10k

Price spread, last 4 days (all we have)+2.656%+$266 · spread now −0.099%, 7d avg +0.184%

Together, before fees+2.000%+ Points / potential airdropAster: Stage 5 · farm board+$200 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Polymarket Perps is 0.283% cheaper against Aster than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.184%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2907	0.1109	pay 0.0554% / 4h	3h 10m	$669K	$2.3M	10x
Short	Polymarket Perps USELESS-USD	0.2904	0.0100	get 0.0013% / 1h	10m 21s	$49K	$176K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. 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 AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$211.86
Price spread: −0.099% → +0.184%: −$28.29
Slippage, 4 orders: −$71.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$327.88
Costs to cover: 0.877%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 61 min ago.

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 Aster live order book, 3 min ago	6.87 bp	24.0 bp −$24	132.6 bp −$1,326	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 61 min ago	5.68 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit

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 USELESS	+0.0096%	1h	0.2901	−0.192%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2907	−0.002%	$33K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2904	−0.092%	$10.3M	$68.5M	10x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2904	−0.099%	$49K	$176K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2904	−0.106%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2895	−0.402%	$19K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2894	−0.429%	$611K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0148%	4h	0.2901	−0.188%	$5.3M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2898	−0.301%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0377%	1h	0.2907	+0.011%	$40K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0464%	4h	0.2908	+0.041%	$22K	$194K	10x	as long as short
Binance USELESSUSDT	+0.0510%	4h	0.2902	−0.147%	$24.5M	$116.8M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2902	−0.169%	$309K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0514%	4h	0.2903	−0.119%	$11.2M	$6.0M	50x	as long as short
Gate USELESS_USDT	+0.0520%	4h	0.2902	−0.164%	$7.3M	$8.5M	50x	as long as short
Bitget USELESSUSDT	+0.0578%	4h	0.2902	−0.164%	$5.6M	$9.7M	20x	as long as short
BingX USELESS-USDT	+0.0762%	4h	0.2903	−0.126%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0815%	4h	0.2904	−0.085%	$28.4M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0994%	4h	0.2915	+0.296%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTlong	+0.1109%	4h	0.2907	long leg	$669K	$2.3M	10x
BloFin USELESS-USDT	+0.1128%	4h	0.2906	−0.020%	$1.2M	$2.1M	12x	as long as short
Hyperliquid USELESS	+0.1130%	1h	0.2905	−0.040%	$14.6M	$21.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1254%	4h	0.2904	−0.075%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3093	+6.407%	$5K	$9K	5.5x	as long as short