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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1247%/8h= +136.6% APRnext payment +$1.56 per $10,000 · paid last 24h +0.238%
Price spread now: Hyperliquid against Aevo−0.020%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$37 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.28040.0200pay 0.0025% / 1h3m 08s$10K3x
ShortHyperliquid USELESS0.28030.1447get 0.0181% / 1h3m 08s$14.0M$21.1M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$261.97
Price spread: −0.020% → 0.000%
−$2
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$234.98
Costs to cover
0.250%
Break-even
0.7 days
Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Hyperliquid live order book, 10 min ago0.88 bp24.6 bp −$25doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2799−0.170%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2798−0.213%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2799−0.180%$9.8M$66.1M10xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2797−0.252%$39K$701K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2800−0.159%$41K$164K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2799−0.188%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2797−0.238%$18K$501K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2796−0.302%$578K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0166%4h0.2797−0.259%$5.2M$10.0M12xas long as short
Aevo USELESS-PERPlong+0.0200%1h0.2804long leg$10K3x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0274%4h0.2800−0.134%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0338%4h0.2793−0.387%$7.0M$8.3M50xas long as short
Binance USELESSUSDT+0.0470%4h0.2802−0.084%$23.6M$116.2M50xas long as short
Extended USELESS-USD+0.0472%1h0.2799−0.183%$295K$836K5xas long as short
MEXC USELESS_USDT+0.0472%4h0.2800−0.131%$10.3M$6.0M50xas long as short
edgeX USELESSUSDC+0.0477%4h0.2800−0.150%$21K$193K10xas long as short
BingX USELESS-USDT+0.0906%4h0.2801−0.113%$5.0Mas long as short
Bybit USELESSUSDT+0.0913%4h0.2801−0.127%$27.5M$45.7M13xas long as short
Variational Omni USELESS+0.0994%4h0.2798−0.212%$1.2M$1.8Mas long as short
Aster USELESSUSDT+0.1023%4h0.2800−0.131%$643K$2.3M10xas long as short
BloFin USELESS-USDT+0.1188%4h0.2800−0.131%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1301%4h0.2801−0.127%$22K$1.4M10xas long as short
Hyperliquid USELESSshort+0.1447%1h0.2803−0.020%$14.0M$21.1M3x
Injective USELESS/USDC PERP+0.5000%1h0.2962+5.615%$5K$9K5.5xas long as short