Spread before costs (cost unknown: a leg has no order-book sample)+0.025%
7d average+0.017%if it closes, per $10,000$2funding while held, a day+$2.68
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster USELESSUSDT | 0.2847 | 0.0798 | pay 0.0399% / 4h | 1h 13m | $639K | $1.9M | 10x |
| Short | Orderly PERP_USELESS_USDC | 0.2847 | 0.0887 | get 0.0444% / 4h | 1h 13m | $22K | $1.4M | 10x |
Aster USELESSUSDT
Orderly PERP_USELESS_USDCPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.45
- Funding while held
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.86
- Spread needed to break even
- 0.140%
Slippage unknown: Aster: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0089%
- Per $10,000 a day
- +$2.68
- Average in range /8h
- —
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, 1 min ago | 6.33 bp | 20.6 bp −$21 | 83.2 bp −$832 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USELESS price on every exchange
against the cheapest. Click to use as the short leg.BloFin0.2807cheapestVariational Omni0.2810+0.109%edgeX0.2820+0.449%ApeX Omni0.2826+0.670%Pacifica0.2838+1.085%Polymarket Perps0.2845+1.332%OKX0.2846+1.375%Aevo0.2846+1.383%Gate0.2846+1.389%
BloFin
Variational Omni
ApeX Omni
Pacifica
Polymarket Perps
OKX
Aevo
GateAster0.2847+1.404%
Orderly0.2847+1.428%
Bybit0.2848+1.450%Lighter0.2849+1.496%KuCoin0.2850+1.514%Bitget0.2850+1.525%BingX0.2850+1.532%Binance0.2850+1.539%Extended0.2851+1.542%MEXC0.2852+1.589%Hyperliquid0.2852+1.603%SunX0.2854+1.656%Phemex0.2854+1.681%HTX0.2860+1.874%Injective0.2937+4.627%
Bybit
Lighter
KuCoin
Bitget
BingX
Binance
Extended
MEXC
Hyperliquid
SunX
Phemex
HTX
InjectiveUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin USELESS-USDT | −1.384% | +0.0401% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Variational Omni USELESS | −1.277% | +0.0287% | 4h | $1.2M | $1.5M | — | as long as short |
| edgeX USELESSUSDC | −0.941% | +0.0355% | 4h | $21K | $187K | 10x | as long as short |
| ApeX Omni USELESSUSDT | −0.724% | +0.0100% | 1h | $35K | $693K | 25x | as long as short |
| Pacifica USELESS | −0.314% | +0.0100% | 1h | $32K | $76K | 3x | as long as short |
| Polymarket Perps USELESS-USD | −0.070% | +0.0100% | 1h | $27K | $115K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | −0.028% | +0.0100% | 4h | $9.8M | $57.8M | 10x | as long as short |
| Aevo USELESS-PERP | −0.020% | +0.0176% | 1h | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | −0.014% | +0.0100% | 4h | $6.8M | $6.6M | 50x | as long as short |
| Aster USELESSUSDTlong | 0.000% | +0.0798% | 4h | $639K | $1.9M | 10x |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_USELESS_USDCshort | +0.025% | +0.0887% | 4h | $22K | $1.4M | 10x | |
| Bybit USELESSUSDT | +0.046% | +0.0181% | 4h | $27.8M | $37.3M | 13x | as long as short |
| Lighter USELESS | +0.091% | +0.0096% | 1h | $1.3M | $949K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.109% | +0.0100% | 4h | $5.2M | $8.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.119% | +0.0178% | 4h | $5.4M | $7.1M | 20x | as long as short |
| BingX USELESS-USDT | +0.126% | +0.0374% | 4h | — | $4.5M | — | as long as short |
| Binance USELESSUSDT | +0.133% | +0.0358% | 4h | $24.2M | $94.1M | 50x | as long as short |
| Extended USELESS-USD | +0.137% | +0.0360% | 1h | $259K | $920K | 5x | as long as short |
| MEXC USELESS_USDT | +0.183% | +0.0356% | 4h | $19.1M | $5.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.197% | +0.0699% | 1h | $13.7M | $15.5M | 3x | as long as short |
| SunX USELESS-USDT | +0.249% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Phemex USELESSUSDT | +0.274% | +0.0100% | 4h | $540K | $1.3M | 20x | as long as short |
| HTX USELESS-USDT | +0.464% | +0.0100% | 4h | $20K | $344K | 20x | as long as short |
| Injective USELESS/USDC PERP | +3.179% | −0.5000% | 1h | $855 | $14K | 5.5x | as long as short |