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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0670%/8h= −73.4% APRpaid last 24h −0.195%
Price spread now: Aevo against BloFin−0.095%293s7-day average · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Aevo is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 293 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.28350.0886pay 0.0443% / 4h2h 44m$1.2M$2.1M12x
ShortAevo USELESS-PERP0.28320.0216get 0.0027% / 1h44m 18s$10K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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
−$140.77
Price spread: −0.095% → 0.000%
−$9.45
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$178.22
Costs to cover
0.280%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 9 min ago; Aevo: no order-book sample. 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 BloFin live order book, 9 min ago1.76 bp7.8 bp −$836.4 bp −$364doesn't fitdoesn't fit
Sell Aevo no order-book sample
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%1h0.2835+0.004%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2832−0.123%$32K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2832−0.095%$9.9M$67.0M10xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2825−0.353%$5.2M$10.2M12xas long as short
SunX USELESS-USDT+0.0100%4h0.2829−0.208%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2838+0.085%$19K$516K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2826−0.332%$597K$1.2M20xas long as short
Aevo USELESS-PERPshort+0.0216%1h0.2832−0.095%$10K3x
Gate USELESS_USDT+0.0226%4h0.2824−0.392%$7.1M$8.3M50xas long as short
edgeX USELESSUSDC+0.0514%4h0.2839+0.138%$21K$195K10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC USELESS_USDT+0.0524%4h0.2829−0.201%$11.0M$6.0M50xas long as short
Binance USELESSUSDT+0.0526%4h0.2830−0.184%$24.0M$117.5M50xas long as short
Extended USELESS-USD+0.0528%1h0.2829−0.207%$298K$1.2M5xas long as short
Bybit USELESSUSDT+0.0566%4h0.2830−0.190%$27.5M$46.6M13xas long as short
Bitget USELESSUSDT+0.0578%4h0.2829−0.201%$5.4M$9.9M20xas long as short
BingX USELESS-USDT+0.0594%4h0.2833−0.092%$5.1Mas long as short
Polymarket Perps USELESS-USD+0.0656%1h0.2829−0.222%$40K$187K3xas long as short
Variational Omni USELESS+0.0875%4h0.2840+0.180%$1.2M$1.7Mas long as short
BloFin USELESS-USDTlong+0.0886%4h0.2835long leg$1.2M$2.1M12x
Aster USELESSUSDT+0.1055%4h0.2829−0.198%$650K$2.2M10xas long as short
Orderly PERP_USELESS_USDC+0.1259%4h0.2834−0.021%$22K$1.4M10xas long as short
Hyperliquid USELESS+0.1266%1h0.2828−0.247%$14.2M$21.1M3xas long as short
ApeX Omni USELESSUSDT+0.1445%1h0.2842+0.243%$39K$699K25xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3027+6.758%$5K$9K5.5xas long as short