data as of
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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−0.005%paid, last 7 days−0.129%to open and closeno order book
Long on LighterShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.27990.0096pay 0.0012% / 1h35m 13s$1.3M$822K3x
ShortPolymarket Perps USELESS-USD0.27990.0100get 0.0013% / 1h35m 13s$54K$201K3x

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
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$7.16
Break-even
66.7 days
Slippage unknown: Lighter: live order book, 2 min ago; Polymarket Perps: live order book, 64 min ago. Net counts fees only.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
+0.057%
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 ago3.02 bp13.3 bp −$1356.4 bp −$564doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 64 min ago0.18 bpdoesn't fitdoesn't fitdoesn'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$9.6M$49.5M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.0M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$5.7M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$42K$671K25xas long as short
Polymarket Perps USELESS-USDshort+0.0100%1h$54K$201K3x
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$276K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$496K$1.3M20xas long as short
Aevo USELESS-PERP+0.0224%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0232%4h$5.3M$5.7M20xas long as short
Hyperliquid USELESS+0.0238%1h$12.4M$12.5M3xas long as short
edgeX USELESSUSDC+0.0526%4h$22K$182K10xas long as short
MEXC USELESS_USDT+0.0562%4h$16.6M$4.1M50xas long as short
Binance USELESSUSDT+0.0568%4h$23.9M$78.5M50xas long as short
Extended USELESS-USD+0.0568%1h$263K$911K5xas long as short
BingX USELESS-USDT+0.0774%4h—$3.7M—as long as short
Variational Omni USELESS+0.0839%4h$1.2M$1.3M—as long as short
Aster USELESSUSDT+0.0918%4h$580K$1.1M10xas long as short
Bybit USELESSUSDT+0.0973%4h$27.4M$30.9M13xas long as short
Orderly PERP_USELESS_USDC+0.1120%4h$18K$1.4M10xas long as short
BloFin USELESS-USDT+0.1149%4h$1.2M$1.5M12xas long as short