USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against Aevo+0.372%7-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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.372% dearer against Aevo than usual: you sell high and buy low (spread +0.372% now, against zero (this spread has no 7-day history yet)): +$37 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2998	0.0192	pay 0.0024% / 1h	46m 45s	$11K	—	3x
Short	Lighter USELESS	0.3009	0.0096	get 0.0012% / 1h	46m 45s	$1.4M	$1.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.372%Rate

Funding earned: −$20.16
Price spread: +0.372% → 0.000%: $37.19
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.03
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 4 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 Lighter live order book, 4 min ago	6.73 bp	30.0 bp −$30	113.6 bp −$1,136	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 USELESSshort	+0.0096%	1h	0.3009	+0.372%	$1.4M	$1.1M	3x
Pacifica USELESS	+0.0100%	1h	0.3000	+0.074%	$32K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.3014	+0.539%	$5.8M	$11.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2993	−0.172%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.3001	+0.108%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.3010	+0.389%	$20K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.3000	+0.065%	$686K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0118%	4h	0.2996	−0.058%	$5.5M	$10.9M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0118%	4h	0.3009	+0.372%	$10.7M	$78.0M	10x	as long as short
Aevo USELESS-PERPlong	+0.0192%	1h	0.2998	long leg	$11K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster USELESSUSDT	+0.0340%	4h	0.3005	+0.236%	$591K	$2.2M	10x	as long as short
edgeX USELESSUSDC	+0.0412%	4h	0.2995	−0.103%	$22K	$199K	10x	as long as short
MEXC USELESS_USDT	+0.0446%	4h	0.3011	+0.432%	$13.8M	$6.5M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	0.3004	+0.201%	$285K	$1.7M	5x	as long as short
Binance USELESSUSDT	+0.0450%	4h	0.3014	+0.532%	$25.4M	$130.7M	50x	as long as short
Gate USELESS_USDT	+0.0546%	4h	0.3005	+0.242%	$7.5M	$8.7M	50x	as long as short
Variational Omni USELESS	+0.0797%	4h	0.2975	−0.765%	$1.2M	$1.9M	—	as long as short
BingX USELESS-USDT	+0.0962%	4h	0.3011	+0.422%	—	$5.4M	—	as long as short
Orderly PERP_USELESS_USDC	+0.0972%	4h	0.3001	+0.105%	$22K	$1.8M	10x	as long as short
Hyperliquid USELESS	+0.1207%	1h	0.3013	+0.499%	$13.5M	$24.1M	3x	as long as short
Bybit USELESSUSDT	+0.1341%	4h	0.3015	+0.559%	$29.6M	$52.5M	13x	as long as short
ApeX Omni USELESSUSDT	+0.1381%	1h	0.2992	−0.202%	$56K	$700K	25x	as long as short
BloFin USELESS-USDT	+0.1783%	4h	0.3000	+0.078%	$1.2M	$2.3M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3175	+5.899%	$5K	$10K	5.5x	as long as short