Spread before costs (cost unknown: a leg has no order-book sample)−0.464%
7d average—if it closes, per $10,000$46funding while held, a day+$4.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo USELESS-PERP | 0.2895 | 0.0192 | pay 0.0024% / 1h | 36m 16s | $10K | — | 3x |
| Short | Variational Omni USELESS | 0.2881 | 0.0353 | get 0.0177% / 4h | 2h 36m | $1.2M | $1.5M | — |
Aevo USELESS-PERP
Variational Omni USELESSPrice 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
- −$46.36
- Funding while held
- $4.84
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$57.53
- Spread needed to break even
- 0.160%
Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0161%
- Per $10,000 a day
- +$4.84
- 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 Variational Omni RFQ quote, 4 min ago | 6.94 bp | doesn't fit | 48.6 bp −$486 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.2881cheapest
BloFin0.2883+0.052%Pacifica0.2889+0.279%Aster0.2891+0.326%Gate0.2891+0.329%
BloFin
Pacifica
Aster
GateAevo0.2895+0.466%
HTX0.2895+0.475%Polymarket Perps0.2895+0.486%Hyperliquid0.2897+0.541%ApeX Omni0.2898+0.576%KuCoin0.2898+0.586%Extended0.2898+0.593%BingX0.2899+0.614%SunX0.2899+0.614%Orderly0.2900+0.642%Lighter0.2901+0.680%edgeX0.2902+0.702%MEXC0.2903+0.749%Binance0.2905+0.817%Phemex0.2906+0.857%OKX0.2907+0.902%Bitget0.2907+0.902%Bybit0.2908+0.933%Injective0.2937+1.933%
HTX
Polymarket Perps
Hyperliquid
ApeX Omni
KuCoin
Extended
BingX
SunX
Orderly
Lighter
MEXC
Binance
Phemex
OKX
Bitget
Bybit
InjectiveUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni USELESSshort | −0.464% | +0.0353% | 4h | $1.2M | $1.5M | — | |
| BloFin USELESS-USDT | −0.412% | +0.0394% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Pacifica USELESS | −0.186% | +0.0100% | 1h | $29K | $83K | 3x | as long as short |
| Aster USELESSUSDT | −0.139% | +0.0999% | 4h | $674K | $1.6M | 10x | as long as short |
| Gate USELESS_USDT | −0.136% | +0.0100% | 4h | $6.8M | $6.3M | 50x | as long as short |
| Aevo USELESS-PERPlong | 0.000% | +0.0192% | 1h | $10K | — | 3x | |
| HTX USELESS-USDT | +0.009% | +0.0100% | 4h | $21K | $332K | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.020% | +0.0100% | 1h | $28K | $113K | 3x | as long as short |
| Hyperliquid USELESS | +0.075% | +0.0846% | 1h | $14.0M | $15.1M | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.110% | +0.0100% | 1h | $36K | $694K | 25x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.120% | +0.0100% | 4h | $5.2M | $7.6M | 12x | as long as short |
| Extended USELESS-USD | +0.126% | +0.0432% | 1h | $269K | $912K | 5x | as long as short |
| BingX USELESS-USDT | +0.148% | +0.0416% | 4h | — | $4.4M | — | as long as short |
| SunX USELESS-USDT | +0.148% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.175% | +0.0947% | 4h | $22K | $1.4M | 10x | as long as short |
| Lighter USELESS | +0.213% | +0.0096% | 1h | $1.3M | $1.0M | 3x | as long as short |
| edgeX USELESSUSDC | +0.235% | +0.0423% | 4h | $22K | $185K | 10x | as long as short |
| MEXC USELESS_USDT | +0.282% | +0.0434% | 4h | $18.9M | $4.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.350% | +0.0436% | 4h | $24.6M | $91.8M | 50x | as long as short |
| Phemex USELESSUSDT | +0.389% | +0.0704% | 4h | $534K | $1.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.434% | +0.0100% | 4h | $9.9M | $58.2M | 10x | as long as short |
| Bitget USELESSUSDT | +0.434% | +0.0100% | 4h | $5.5M | $6.9M | 20x | as long as short |
| Bybit USELESSUSDT | +0.465% | +0.0122% | 4h | $28.6M | $36.8M | 13x | as long as short |
| Injective USELESS/USDC PERP | +1.460% | −0.5000% | 1h | $855 | $20K | 5.5x | as long as short |