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 14:00 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−$74
Long on LighterShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.27810.0096pay 0.0012% / 1h31m 03s$1.3M$822K3x
ShortApeX Omni USELESSUSDT0.27920.0100get 0.0013% / 1h31m 03s$42K$674K25x

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
−$63.75
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$72.91
Break-even
614.5 days
Slippage from Lighter: live order book, 2 min ago; ApeX Omni: live order book, 29 min ago.

Price risk

price view
Price gap now
+0.399%
Avg gap 7d
+0.076%
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 Lighter live order book, 2 min ago5.40 bp23.4 bp −$2368.5 bp −$685doesn't fitdoesn't fit
Sell ApeX Omni live order book, 29 min ago7.13 bp15.4 bp −$15116.1 bp −$1,161doesn'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 USELESSlong+0.0096%1h$1.3M$822K3x
Pacifica USELESS+0.0100%1h$26K$101K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.5M$49.1M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.1M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$5.7M12xas long as short
ApeX Omni USELESSUSDTshort+0.0100%1h$42K$674K25x
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$20K$276K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$492K$1.3M20xas long as short
Hyperliquid USELESS+0.0211%1h$12.3M$12.6M3xas long as short
Aevo USELESS-PERP+0.0216%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0226%4h$5.3M$5.8M20xas long as short
Extended USELESS-USD+0.0536%1h$261K$911K5xas long as short
Binance USELESSUSDT+0.0539%4h$23.7M$78.6M50xas long as short
MEXC USELESS_USDT+0.0550%4h$16.5M$4.1M50xas long as short
edgeX USELESSUSDC+0.0559%4h$21K$183K10xas long as short
Variational Omni USELESS+0.0839%4h$1.2M$1.3M—as long as short
Aster USELESSUSDT+0.0888%4h$575K$1.1M10xas long as short
BingX USELESS-USDT+0.0896%4h—$3.7M—as long as short
Bybit USELESSUSDT+0.0943%4h$27.2M$31.0M13xas long as short
Orderly PERP_USELESS_USDC+0.1114%4h$18K$1.4M10xas long as short
BloFin USELESS-USDT+0.1193%4h$1.2M$1.5M12xas long as short