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

USELESS

all USELESS markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.526%7d average−0.164%fees + slippage, in and out−$103spread needed1.031%
Long on ApeX OmniShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.27740.0100pay 0.0013% / 1h12m 28s$36K$683K25x
ShortGate USELESS_USDT0.27890.0100get 0.0050% / 4h12m 28s$6.5M$5.9M50x

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
$52.63
Funding while held
$0
Slippage, 4 orders
−$78.08
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$50.45
Spread needed to break even
1.031%
Slippage from ApeX Omni: live order book, 37 min ago; Gate: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 ApeX Omni live order book, 37 min ago8.90 bp17.5 bp −$17113.1 bp −$1,131doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago0.89 bp38.1 bp −$38doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2627cheapest
Variational Omni0.2773+5.576%
ApeX Omni0.2774+5.612%
edgeX0.2779+5.814%HTX0.2786+6.065%
Gate0.2789+6.168%
Phemex0.2789+6.168%OKX0.2790+6.210%Lighter0.2790+6.229%Extended0.2790+6.237%KuCoin0.2791+6.263%Orderly0.2791+6.267%Bitget0.2792+6.293%BingX0.2792+6.301%Pacifica0.2792+6.305%Bybit0.2792+6.305%SunX0.2792+6.312%Aevo0.2793+6.328%Binance0.2793+6.344%MEXC0.2793+6.350%BloFin0.2794+6.358%Polymarket Perps0.2794+6.366%Hyperliquid0.2794+6.381%Aster0.2794+6.392%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.314%−0.5000%1h$3K$18K5.5xas long as short
Variational Omni USELESS−0.034%+0.0453%4h$1.2M$1.6M—as long as short
ApeX Omni USELESSUSDTlong0.000%+0.0100%1h$36K$683K25x
edgeX USELESSUSDC+0.191%+0.0410%4h$21K$185K10xas long as short
HTX USELESS-USDT+0.429%+0.0100%4h$21K$309K20xas long as short
Gate USELESS_USDTshort+0.526%+0.0100%4h$6.5M$5.9M50x
Phemex USELESSUSDT+0.526%+0.0496%4h$507K$1.3M20xas long as short
OKX USELESS-USDT-SWAP+0.566%+0.0100%4h$9.4M$52.7M10xas long as short
Lighter USELESS+0.584%+0.0096%1h$1.3M$881K3xas long as short
Extended USELESS-USD+0.592%+0.0424%1h$263K$915K5xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin USELESSUSDTM+0.616%+0.0100%4h$5.0M$6.8M12xas long as short
Orderly PERP_USELESS_USDC+0.620%+0.1022%4h$19K$1.4M10xas long as short
Bitget USELESSUSDT+0.645%+0.0210%4h$5.2M$6.6M20xas long as short
BingX USELESS-USDT+0.652%+0.0404%4h—$4.0M—as long as short
Pacifica USELESS+0.656%+0.0100%1h$28K$103K3xas long as short
Bybit USELESSUSDT+0.656%+0.0327%4h$27.2M$34.9M13xas long as short
SunX USELESS-USDT+0.663%+0.0100%4h—$1.3M10xas long as short
Aevo USELESS-PERP+0.678%+0.0184%1h$10K—3xas long as short
Binance USELESSUSDT+0.693%+0.0432%4h$23.5M$85.4M50xas long as short
MEXC USELESS_USDT+0.699%+0.0424%4h$17.4M$4.4M50xas long as short
BloFin USELESS-USDT+0.707%+0.0557%4h$1.2M$1.6M12xas long as short
Polymarket Perps USELESS-USD+0.714%+0.0100%1h$38K$162K3xas long as short
Hyperliquid USELESS+0.728%+0.1130%1h$12.4M$13.6M3xas long as short
Aster USELESSUSDT+0.739%+0.0985%4h$659K$1.3M10xas long as short