USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.094%

Price spread now: Bybit against Aster−0.107%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.325%−$32 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.107%, 7d avg +0.015%

Together, before fees−0.148%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.122% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2800	0.1023	pay 0.0512% / 4h	3m 16s	$643K	$2.3M	10x
Short	Bybit USELESSUSDT	0.2797	0.0913	get 0.0457% / 4h	3m 16s	$27.4M	$45.7M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$23.09
Price spread: −0.107% → +0.015%: −$12.23
Slippage, 4 orders: −$59.53
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.84
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Bybit: live order book, 6 min ago.

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 Aster live order book, 5 min ago	7.49 bp	26.4 bp −$26	142.8 bp −$1,428	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.18 bp	17.8 bp −$18	55.0 bp −$550	doesn't fit	doesn't fit

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	0.2796	−0.157%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2798	−0.082%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2798	−0.100%	$9.8M	$66.0M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2797	−0.121%	$39K	$701K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2800	−0.029%	$41K	$164K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2799	−0.057%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2797	−0.107%	$18K	$501K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2796	−0.171%	$578K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0166%	4h	0.2796	−0.161%	$5.2M	$10.0M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2804	+0.131%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0274%	4h	0.2801	+0.021%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0338%	4h	0.2793	−0.257%	$7.0M	$8.3M	50x	as long as short
Binance USELESSUSDT	+0.0470%	4h	0.2799	−0.032%	$23.6M	$116.2M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2799	−0.052%	$295K	$836K	5x	as long as short
MEXC USELESS_USDT	+0.0472%	4h	0.2801	+0.011%	$10.3M	$6.0M	50x	as long as short
edgeX USELESSUSDC	+0.0477%	4h	0.2800	−0.020%	$21K	$193K	10x	as long as short
BingX USELESS-USDT	+0.0906%	4h	0.2799	−0.050%	—	$5.0M	—	as long as short
Bybit USELESSUSDTshort	+0.0913%	4h	0.2797	−0.107%	$27.4M	$45.7M	13x
Variational Omni USELESS	+0.0994%	4h	0.2798	−0.081%	$1.2M	$1.8M	—	as long as short
Aster USELESSUSDTlong	+0.1023%	4h	0.2800	long leg	$643K	$2.3M	10x
BloFin USELESS-USDT	+0.1190%	4h	0.2798	−0.082%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2801	+0.004%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1448%	1h	0.2805	+0.153%	$14.0M	$21.1M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2962	+5.753%	$5K	$9K	5.5x	as long as short