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.

After costs, if the gap returns to its 7d average, $10k−$90
spread now−0.175%7d average−0.001%fees + slippage, in and out−$73spread needed0.728%
Long on AsterShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.28550.0900pay 0.0450% / 4h1h 58m$594K$1.8M10x
ShortLighter USELESS0.28500.0096get 0.0012% / 1h58m 39s$1.3M$916K3x

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
−$17.51
Funding while held
−$24.12
Slippage, 4 orders
−$64.8
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$114.43
Spread needed to break even
0.728%
Slippage from Aster: live order book, 1 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0804%
Per $10,000 a day
−$24.12
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 Aster live order book, 1 min ago8.57 bp22.6 bp −$2360.8 bp −$608doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago5.14 bp16.0 bp −$1673.7 bp −$737doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.2821cheapestApeX Omni0.2842+0.743%Variational Omni0.2845+0.854%OKX0.2846+0.899%HTX0.2847+0.927%
Lighter0.2850+1.027%
Gate0.2851+1.066%Bitget0.2851+1.069%Extended0.2851+1.074%Binance0.2852+1.093%MEXC0.2852+1.094%BingX0.2852+1.105%KuCoin0.2853+1.122%Pacifica0.2853+1.123%Bybit0.2854+1.158%Hyperliquid0.2855+1.200%
Aster0.2855+1.204%
Aevo0.2857+1.268%Phemex0.2857+1.268%Orderly0.2859+1.331%SunX0.2859+1.331%BloFin0.2859+1.342%Polymarket Perps0.2863+1.477%Injective0.2937+4.114%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX USELESSUSDC−1.189%+0.0366%4h$22K$186K10xas long as short
ApeX Omni USELESSUSDT−0.455%+0.0100%1h$35K$695K25xas long as short
Variational Omni USELESS−0.346%+0.0314%4h$1.2M$1.6M—as long as short
OKX USELESS-USDT-SWAP−0.301%+0.0100%4h$9.7M$58.1M10xas long as short
HTX USELESS-USDT−0.273%+0.0100%4h$21K$338K20xas long as short
Lighter USELESSshort−0.175%+0.0096%1h$1.3M$916K3x
Gate USELESS_USDT−0.137%+0.0100%4h$6.8M$6.4M50xas long as short
Bitget USELESSUSDT−0.133%+0.0136%4h$5.4M$7.1M20xas long as short
Extended USELESS-USD−0.128%+0.0392%1h$266K$915K5xas long as short
Binance USELESSUSDT−0.109%+0.0389%4h$24.2M$93.6M50xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC USELESS_USDT−0.109%+0.0388%4h$18.8M$4.9M50xas long as short
BingX USELESS-USDT−0.098%+0.0382%4h—$4.4M—as long as short
KuCoin USELESSUSDTM−0.081%+0.0100%4h$5.1M$7.8M12xas long as short
Pacifica USELESS−0.080%+0.0100%1h$32K$76K3xas long as short
Bybit USELESSUSDT−0.046%+0.0246%4h$27.9M$37.5M13xas long as short
Hyperliquid USELESS−0.004%+0.0853%1h$13.9M$15.7M3xas long as short
Aster USELESSUSDTlong0.000%+0.0900%4h$594K$1.8M10x
Aevo USELESS-PERP+0.063%+0.0176%1h$10K—3xas long as short
Phemex USELESSUSDT+0.063%+0.0100%4h$516K$1.3M20xas long as short
Orderly PERP_USELESS_USDC+0.126%+0.0927%4h$22K$1.4M10xas long as short
SunX USELESS-USDT+0.126%+0.0100%4h—$1.3M10xas long as short
BloFin USELESS-USDT+0.137%+0.0477%4h$1.2M$1.7M12xas long as short
Polymarket Perps USELESS-USD+0.270%+0.0139%1h$27K$117K3xas long as short
Injective USELESS/USDC PERP+2.876%−0.5000%1h$855$14K5.5xas long as short