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

USELESS

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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 13:00 UTC+0.0004%/8h
paid, last 24h+0.030%paid, last 7 days−0.055%to open and close $10k−$64
Long on LighterShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.27870.0096pay 0.0012% / 1h31m 11s$1.3M$778K3x
ShortOKX USELESS-USDT-SWAP0.27830.0100get 0.0050% / 4h3h 31m$9.5M$48.0M10x

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
−$54.1
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$63.26
Break-even
534.1 days
Slippage from Lighter: live order book, 1 min ago; OKX: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.151%
Avg gap 7d
−0.043%
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, 1 min ago3.77 bp14.1 bp −$1453.5 bp −$535doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago0.54 bp16.2 bp −$1673.9 bp −$739doesn'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$778K3x
Pacifica USELESS+0.0100%1h$26K$101K3xas long as short
OKX USELESS-USDT-SWAPshort+0.0100%4h$9.5M$48.0M10x
KuCoin USELESSUSDTM+0.0100%4h$5.0M$5.5M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$39K$673K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$196K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$262K20xas long as short
Phemex USELESSUSDT+0.0100%4h$472K$1.3M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aevo USELESS-PERP+0.0232%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0254%4h$5.2M$5.5M20xas long as short
Hyperliquid USELESS+0.0283%1h$12.5M$12.2M3xas long as short
Gate USELESS_USDT+0.0362%4h$6.4M$4.8M50xas long as short
edgeX USELESSUSDC+0.0588%4h$21K$182K10xas long as short
MEXC USELESS_USDT+0.0602%4h$16.0M$3.9M50xas long as short
Binance USELESSUSDT+0.0605%4h$23.7M$76.1M50xas long as short
Extended USELESS-USD+0.0608%1h$267K$898K5xas long as short
Variational Omni USELESS+0.0720%4h$1.2M$1.2M—as long as short
Aster USELESSUSDT+0.0836%4h$566K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1051%4h$18K$1.4M10xas long as short
BingX USELESS-USDT+0.1716%4h—$3.6M—as long as short
Bybit USELESSUSDT+0.1757%4h$27.2M$28.3M13xas long as short
BloFin USELESS-USDT+0.1828%4h$1.2M$1.5M12xas long as short