data as of
Settings8H · net · $10k
Price arb /

USELESS

all USELESS markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.013%
7d averageif it closes, per $10,000$1funding while held, a day−$2.52
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo USELESS-PERP0.28930.0184pay 0.0023% / 1h23m 47s$10K3x
ShortSunX USELESS-USDT0.28930.0100get 0.0050% / 4h2h 23m$1.3M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$1.31
Funding while held
−$2.52
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee SunX: 5 bp × 2 orders
−$10
Net
−$27.21
Spread needed to break even
0.260%
Slippage unknown: Aevo: no order-book sample; SunX: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0084%
Per $10,000 a day
$2.52
Average in range /8h

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 SunX live order book, 7 min ago45.36 bp65.5 bp −$66doesn'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 price on every exchange

against the cheapest. Click to use as the short leg.

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDT−0.001%+0.0100%4h$6.9M$6.4M50xas long as short
Aevo USELESS-PERPlong0.000%+0.0184%1h$10K3x
SunX USELESS-USDTshort+0.013%+0.0100%4h$1.3M10x
Polymarket Perps USELESS-USD+0.079%+0.0100%1h$28K$114K3xas long as short
KuCoin USELESSUSDTM+0.103%+0.0100%4h$5.3M$7.6M12xas long as short
BloFin USELESS-USDT+0.113%+0.0384%4h$1.2M$1.7M12xas long as short
HTX USELESS-USDT+0.124%+0.0100%4h$21K$336K20xas long as short
Phemex USELESSUSDT+0.141%+0.0303%4h$530K$1.3M20xas long as short
edgeX USELESSUSDC+0.149%+0.0415%4h$22K$184K10xas long as short
Orderly PERP_USELESS_USDC+0.165%+0.0937%4h$22K$1.4M10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget USELESSUSDT+0.183%+0.0100%4h$5.5M$6.9M20xas long as short
OKX USELESS-USDT-SWAP+0.203%+0.0100%4h$9.9M$58.2M10xas long as short
Aster USELESSUSDT+0.212%+0.0965%4h$705K$1.7M10xas long as short
ApeX Omni USELESSUSDT+0.214%+0.0100%1h$35K$694K25xas long as short
Pacifica USELESS+0.221%+0.0100%1h$29K$74K3xas long as short
MEXC USELESS_USDT+0.224%+0.0408%4h$18.9M$4.8M50xas long as short
Extended USELESS-USD+0.239%+0.0400%1h$269K$915K5xas long as short
Lighter USELESS+0.252%+0.0096%1h$1.3M$1.0M3xas long as short
Bybit USELESSUSDT+0.255%+0.0126%4h$28.5M$36.9M13xas long as short
Binance USELESSUSDT+0.278%+0.0399%4h$24.6M$91.9M50xas long as short
BingX USELESS-USDT+0.366%+0.0396%4h$4.4Mas long as short
Hyperliquid USELESS+0.367%+0.0903%1h$14.2M$15.2M3xas long as short
Variational Omni USELESS+0.397%+0.0315%4h$1.2M$1.5Mas long as short
Injective USELESS/USDC PERP+1.531%−0.5000%1h$855$20K5.5xas long as short