Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0418%/8h= +45.7% APRpaid last 24h +0.086%

Price spread now: edgeX against Aevo+2.433%72s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on edgeX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 2.433% dearer against Aevo than usual: you sell high and buy low: +$243 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2855	0.0232	pay 0.0029% / 1h	10m 04s	$10K	—	3x
Short	edgeX USELESSUSDC	0.2925	0.0650	get 0.0325% / 4h	2h 10m	$22K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee edgeXbpOrdersPrice spread, now +2.433%Rate

Funding earned: $87.7
Price spread: +2.433% → 0.000%: $243.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $305.96
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 12 min ago	1.53 bp	160.6 bp −$161	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2849	−0.211%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2863	+0.269%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2852	−0.127%	$10.1M	$64.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2862	+0.220%	$28K	$138K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2855	−0.019%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2867	+0.405%	$20K	$386K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2846	−0.323%	$570K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0228%	4h	0.2849	−0.208%	$5.3M	$9.7M	12x	as long as short
Aevo USELESS-PERPlong	+0.0232%	1h	0.2855	long leg	$10K	—	3x
ApeX Omni USELESSUSDT	+0.0371%	1h	0.2918	+2.195%	$41K	$700K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0376%	4h	0.2844	−0.393%	$7.1M	$7.8M	50x	as long as short
Bitget USELESSUSDT	+0.0526%	4h	0.2851	−0.162%	$5.5M	$8.8M	20x	as long as short
MEXC USELESS_USDT	+0.0614%	4h	0.2849	−0.204%	$10.0M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0615%	4h	0.2846	−0.343%	$24.4M	$110.5M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2848	−0.248%	$299K	$968K	5x	as long as short
edgeX USELESSUSDCshort	+0.0650%	4h	0.2925	+2.433%	$22K	$191K	10x
BingX USELESS-USDT	+0.1166%	4h	0.2847	−0.299%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1173%	4h	0.2854	−0.036%	$28.9M	$43.0M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1189%	4h	0.2857	+0.051%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1295%	4h	0.2859	+0.130%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1298%	4h	0.2851	−0.142%	$660K	$2.2M	10x	as long as short
BloFin USELESS-USDT	+0.1530%	4h	0.2859	+0.146%	$1.2M	$1.9M	12x	as long as short
Hyperliquid USELESS	+0.1547%	1h	0.2851	−0.148%	$14.6M	$19.7M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3027	+6.016%	$5K	$10K	5.5x	as long as short