Spread before costs (cost unknown: a leg has no order-book sample)+0.210%
7d average—if it closes, per $10,000$21funding while held, a day+$21.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo USELESS-PERP | 0.2825 | 0.0176 | pay 0.0022% / 1h | 35m 54s | $10K | — | 3x |
| Short | Orderly PERP_USELESS_USDC | 0.2831 | 0.0901 | get 0.0450% / 4h | 1h 35m | $22K | $1.4M | 10x |
Aevo USELESS-PERP
Orderly PERP_USELESS_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $20.99
- Funding while held
- $21.75
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $20.74
- Spread needed to break even
- 0.220%
Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0725%
- Per $10,000 a day
- +$21.75
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
Aevo and Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.HTX0.2821cheapest
HTXAevo0.2825+0.162%
KuCoin0.2827+0.220%Gate0.2827+0.234%Extended0.2829+0.276%MEXC0.2829+0.280%Polymarket Perps0.2829+0.294%Bitget0.2829+0.298%BingX0.2829+0.298%Pacifica0.2830+0.326%Binance0.2830+0.337%Hyperliquid0.2831+0.348%OKX0.2831+0.355%SunX0.2831+0.358%Lighter0.2831+0.362%Bybit0.2831+0.372%
KuCoin
Gate
Extended
MEXC
Polymarket Perps
Bitget
BingX
Pacifica
Binance
Hyperliquid
OKX
SunX
Lighter
BybitOrderly0.2831+0.372%
Phemex0.2832+0.383%Aster0.2832+0.385%BloFin0.2833+0.447%Variational Omni0.2837+0.565%ApeX Omni0.2837+0.574%edgeX0.2841+0.717%Injective0.2937+4.123%
Phemex
Aster
BloFin
Variational Omni
ApeX Omni
InjectiveUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX USELESS-USDT | −0.162% | +0.0100% | 4h | $20K | $339K | 20x | as long as short |
| Aevo USELESS-PERPlong | 0.000% | +0.0176% | 1h | $10K | — | 3x | |
| KuCoin USELESSUSDTM | +0.058% | +0.0100% | 4h | $5.1M | $8.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.072% | +0.0100% | 4h | $6.8M | $6.5M | 50x | as long as short |
| Extended USELESS-USD | +0.114% | +0.0376% | 1h | $258K | $920K | 5x | as long as short |
| MEXC USELESS_USDT | +0.118% | +0.0374% | 4h | $18.7M | $4.9M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.132% | +0.0100% | 1h | $27K | $120K | 3x | as long as short |
| Bitget USELESSUSDT | +0.136% | +0.0172% | 4h | $5.4M | $7.1M | 20x | as long as short |
| BingX USELESS-USDT | +0.136% | +0.0380% | 4h | — | $4.4M | — | as long as short |
| Pacifica USELESS | +0.164% | +0.0100% | 1h | $31K | $76K | 3x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance USELESSUSDT | +0.174% | +0.0378% | 4h | $24.0M | $93.4M | 50x | as long as short |
| Hyperliquid USELESS | +0.186% | +0.0706% | 1h | $13.8M | $15.6M | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.192% | +0.0100% | 4h | $9.6M | $57.4M | 10x | as long as short |
| SunX USELESS-USDT | +0.196% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Lighter USELESS | +0.199% | +0.0096% | 1h | $1.3M | $945K | 3x | as long as short |
| Bybit USELESSUSDT | +0.210% | +0.0293% | 4h | $27.6M | $37.3M | 13x | as long as short |
| Orderly PERP_USELESS_USDCshort | +0.210% | +0.0901% | 4h | $22K | $1.4M | 10x | |
| Phemex USELESSUSDT | +0.221% | +0.0100% | 4h | $518K | $1.2M | 20x | as long as short |
| Aster USELESSUSDT | +0.222% | +0.0836% | 4h | $587K | $1.8M | 10x | as long as short |
| BloFin USELESS-USDT | +0.284% | +0.0552% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Variational Omni USELESS | +0.402% | +0.0382% | 4h | $1.2M | $1.5M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.412% | +0.0100% | 1h | $35K | $694K | 25x | as long as short |
| edgeX USELESSUSDC | +0.554% | +0.0371% | 4h | $22K | $186K | 10x | as long as short |
| Injective USELESS/USDC PERP | +3.955% | −0.5000% | 1h | $855 | $14K | 5.5x | as long as short |