USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.019%

Price spread now: Polymarket Perps against Aevo+0.067%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 Polymarket Perps

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—needs both histories

The price spread pays, funding is against you. Polymarket Perps is 0.067% dearer against Aevo than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2759	0.0224	pay 0.0028% / 1h	32m 35s	$10K	—	3x
Short	Polymarket Perps USELESS-USD	0.2761	0.0100	get 0.0013% / 1h	32m 35s	$34K	$211K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$26.04
Price spread: +0.067% → 0.000%: $6.7
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$43.34
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Polymarket Perps: live order book, 29 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 Polymarket Perps live order book, 29 min ago	1.60 bp	18.7 bp −$19	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	0.2755	−0.147%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2758	−0.055%	$31K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2752	−0.252%	$6.9M	$8.5M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2746	−0.484%	$38K	$693K	25x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2761	+0.067%	$34K	$211K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2763	+0.132%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2753	−0.234%	$18K	$508K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2755	−0.154%	$608K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0152%	4h	0.2759	−0.027%	$9.7M	$64.8M	10x	as long as short
Aevo USELESS-PERPlong	+0.0224%	1h	0.2759	long leg	$10K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0230%	4h	0.2757	−0.074%	$5.1M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0516%	4h	0.2757	−0.071%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0572%	4h	0.2748	−0.397%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0580%	4h	0.2760	+0.020%	$10.8M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0584%	1h	0.2759	−0.019%	$291K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0600%	4h	0.2758	−0.056%	$23.4M	$118.0M	50x	as long as short
Hyperliquid USELESS	+0.0672%	1h	0.2762	+0.096%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0832%	4h	0.2761	+0.067%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0917%	4h	0.2758	−0.056%	$26.7M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0928%	4h	0.2748	−0.422%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1038%	4h	0.2761	+0.058%	$582K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1120%	4h	0.2764	+0.187%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1350%	4h	0.2761	+0.071%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2915	+5.626%	$5K	$9K	5.5x	as long as short