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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0638%/8h= +69.9% APRnext payment +$3.19 per $10,000 · paid last 24h +0.122%
Price spread now: Aster against edgeX−0.250%110s7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2242.239% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.388%+$39 on $10k
Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.250%, 7d avg −0.070%
Together, before fees+0.527%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.180% cheaper against edgeX than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.070%). If the spread goes back, that is −$18 on $10k: about 23 hours of funding at the current rate (+$19 a day). At the pace of the last 5 days (+0.388% in total) that is about 2.5 days. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX USELESSUSDC0.29080.0464pay 0.0232% / 4h3h 09m$22K$194K10x
ShortAster USELESSUSDT0.29010.1102get 0.0551% / 4h3h 09m$668K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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
$133.98
Price spread: −0.250% → −0.070%
−$17.97
Slippage, 4 orders
−$206.94
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$107.93
Costs to cover
2.239%
Break-even
12.6 days
Slippage from edgeX: live order book, 62 min ago; Aster: live order book, 4 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 edgeX live order book, 62 min ago0.71 bp101.3 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 4 min ago6.87 bp22.9 bp −$23130.2 bp −$1,302doesn'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%1h0.2903−0.160%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2907−0.043%$33K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2904−0.140%$10.3M$68.5M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2904−0.140%$49K$176K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2904−0.146%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2895−0.442%$19K$512K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2894−0.470%$611K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0148%4h0.2900−0.274%$5.3M$10.2M12xas long as short
Aevo USELESS-PERP+0.0208%1h0.2898−0.341%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0377%1h0.2907−0.029%$40K$699K25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDClong+0.0464%4h0.2908long leg$22K$194K10x
Binance USELESSUSDT+0.0510%4h0.2902−0.201%$24.5M$116.8M50xas long as short
Extended USELESS-USD+0.0512%1h0.2904−0.116%$307K$1.2M5xas long as short
MEXC USELESS_USDT+0.0514%4h0.2904−0.133%$11.2M$6.0M50xas long as short
Gate USELESS_USDT+0.0520%4h0.2901−0.222%$7.3M$8.5M50xas long as short
Bitget USELESSUSDT+0.0578%4h0.2903−0.160%$5.6M$9.7M20xas long as short
BingX USELESS-USDT+0.0762%4h0.2904−0.136%$5.1Mas long as short
Bybit USELESSUSDT+0.0815%4h0.2903−0.181%$28.4M$46.5M13xas long as short
Variational Omni USELESS+0.0994%4h0.2915+0.255%$1.2M$1.7Mas long as short
Aster USELESSUSDTshort+0.1102%4h0.2901−0.250%$668K$2.3M10x
Hyperliquid USELESS+0.1125%1h0.2905−0.109%$14.6M$20.9M3xas long as short
BloFin USELESS-USDT+0.1128%4h0.2906−0.060%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1254%4h0.2904−0.115%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3093+6.364%$5K$9K5.5xas long as short