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Price arb /

USELESS

all USELESS markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.176%
7d average−0.091%if it closes, per $10,000$18funding while held, a day−$22.14
Long on AsterShort on HTX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.28440.0838pay 0.0419% / 4h1h 31m$590K$1.8M10x
ShortHTX USELESS-USDT0.28390.0100get 0.0050% / 4h1h 31m$21K$339K20x

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
−$17.58
Funding while held
−$22.14
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$59.72
Spread needed to break even
0.200%
Slippage unknown: Aster: live order book, 3 min ago; HTX: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0738%
Per $10,000 a day
−$22.14
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 Aster live order book, 3 min ago9.52 bp21.7 bp −$2266.1 bp −$661doesn't fitdoesn't fit
Sell HTX live order book, 2 min ago57.03 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.2829cheapestBloFin0.2833+0.115%ApeX Omni0.2836+0.232%Gate0.2839+0.338%
HTX0.2839+0.341%
edgeX0.2840+0.357%OKX0.2841+0.401%KuCoin0.2841+0.412%Lighter0.2842+0.451%Pacifica0.2844+0.514%
Aster0.2844+0.518%
Bybit0.2844+0.521%Bitget0.2844+0.528%SunX0.2845+0.535%Polymarket Perps0.2845+0.543%Binance0.2845+0.557%Extended0.2846+0.568%MEXC0.2846+0.581%Hyperliquid0.2846+0.588%BingX0.2846+0.592%Phemex0.2847+0.603%Aevo0.2847+0.606%Orderly0.2847+0.613%Injective0.2937+3.805%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni USELESS−0.515%+0.0346%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT−0.401%+0.0523%4h$1.2M$1.7M12xas long as short
ApeX Omni USELESSUSDT−0.285%+0.0100%1h$35K$695K25xas long as short
Gate USELESS_USDT−0.179%+0.0100%4h$6.8M$6.5M50xas long as short
HTX USELESS-USDTshort−0.176%+0.0100%4h$21K$339K20x
edgeX USELESSUSDC−0.160%+0.0362%4h$22K$187K10xas long as short
OKX USELESS-USDT-SWAP−0.116%+0.0100%4h$9.7M$57.5M10xas long as short
KuCoin USELESSUSDTM−0.105%+0.0100%4h$5.1M$8.0M12xas long as short
Lighter USELESS−0.067%+0.0096%1h$1.3M$945K3xas long as short
Pacifica USELESS−0.004%+0.0100%1h$32K$76K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster USELESSUSDTlong0.000%+0.0838%4h$590K$1.8M10x
Bybit USELESSUSDT+0.004%+0.0305%4h$27.8M$37.3M13xas long as short
Bitget USELESSUSDT+0.011%+0.0172%4h$5.4M$7.1M20xas long as short
SunX USELESS-USDT+0.018%+0.0100%4h—$1.3M10xas long as short
Polymarket Perps USELESS-USD+0.025%+0.0100%1h$27K$120K3xas long as short
Binance USELESSUSDT+0.039%+0.0373%4h$24.2M$93.4M50xas long as short
Extended USELESS-USD+0.050%+0.0376%1h$260K$920K5xas long as short
MEXC USELESS_USDT+0.063%+0.0372%4h$18.9M$5.0M50xas long as short
Hyperliquid USELESS+0.070%+0.0705%1h$13.8M$15.6M3xas long as short
BingX USELESS-USDT+0.074%+0.0378%4h—$4.4M—as long as short
Phemex USELESSUSDT+0.084%+0.0100%4h$524K$1.3M20xas long as short
Aevo USELESS-PERP+0.088%+0.0176%1h$10K—3xas long as short
Orderly PERP_USELESS_USDC+0.095%+0.0903%4h$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+3.270%−0.5000%1h$855$14K5.5xas long as short