data as of
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Price arb /

USELESS

all USELESS markets
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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.935%
7d average+0.108%if it closes, per $10,000$93funding while held, a day+$10.12
Long on ApeX OmniShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.27740.0100pay 0.0013% / 1h10m 41s$36K$683K25x
ShortVariational Omni USELESS0.28000.0437get 0.0219% / 4h10m 41s$1.2M$1.6M—

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
$93.45
Funding while held
$10.12
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$93.58
Spread needed to break even
0.100%
Slippage unknown: ApeX Omni: live order book, 39 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0337%
Per $10,000 a day
+$10.12
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, 39 min ago8.90 bp17.5 bp −$17113.1 bp −$1,131doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 5 min ago3.61 bpdoesn't fit39.7 bp −$397doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2630cheapest
ApeX Omni0.2774+5.487%
edgeX0.2793+6.197%SunX0.2795+6.301%Orderly0.2797+6.343%Phemex0.2797+6.366%Aevo0.2797+6.379%BloFin0.2798+6.411%
Variational Omni0.2800+6.473%
HTX0.2801+6.529%Polymarket Perps0.2805+6.651%Aster0.2805+6.670%Extended0.2805+6.678%Gate0.2806+6.708%Pacifica0.2809+6.811%Lighter0.2809+6.822%OKX0.2809+6.837%Bitget0.2811+6.894%Bybit0.2811+6.902%KuCoin0.2811+6.906%Binance0.2812+6.942%BingX0.2812+6.948%MEXC0.2813+6.970%Hyperliquid0.2813+6.986%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.202%−0.5000%1h$3K$18K5.5xas long as short
ApeX Omni USELESSUSDTlong0.000%+0.0100%1h$36K$683K25x
edgeX USELESSUSDC+0.673%+0.0404%4h$21K$183K10xas long as short
SunX USELESS-USDT+0.771%+0.0100%4h—$1.3M10xas long as short
Orderly PERP_USELESS_USDC+0.811%+0.1028%4h$19K$1.4M10xas long as short
Phemex USELESSUSDT+0.833%+0.0573%4h$509K$1.3M20xas long as short
Aevo USELESS-PERP+0.845%+0.0192%1h$10K—3xas long as short
BloFin USELESS-USDT+0.876%+0.0567%4h$1.2M$1.7M12xas long as short
Variational Omni USELESSshort+0.935%+0.0437%4h$1.2M$1.6M—
HTX USELESS-USDT+0.988%+0.0100%4h$21K$309K20xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps USELESS-USD+1.103%+0.0100%1h$38K$159K3xas long as short
Aster USELESSUSDT+1.122%+0.1007%4h$660K$1.4M10xas long as short
Extended USELESS-USD+1.128%+0.0432%1h$264K$915K5xas long as short
Gate USELESS_USDT+1.157%+0.0100%4h$6.5M$5.9M50xas long as short
Pacifica USELESS+1.255%+0.0100%1h$28K$103K3xas long as short
Lighter USELESS+1.265%+0.0096%1h$1.3M$882K3xas long as short
OKX USELESS-USDT-SWAP+1.280%+0.0100%4h$9.4M$53.1M10xas long as short
Bitget USELESSUSDT+1.334%+0.0210%4h$5.3M$6.6M20xas long as short
Bybit USELESSUSDT+1.341%+0.0335%4h$27.4M$34.9M13xas long as short
KuCoin USELESSUSDTM+1.345%+0.0100%4h$5.1M$6.9M12xas long as short
Binance USELESSUSDT+1.379%+0.0442%4h$23.7M$85.4M50xas long as short
BingX USELESS-USDT+1.384%+0.0404%4h—$4.0M—as long as short
MEXC USELESS_USDT+1.406%+0.0432%4h$17.6M$4.4M50xas long as short
Hyperliquid USELESS+1.420%+0.1136%1h$12.4M$13.6M3xas long as short