Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.188%

Price spread now: Polymarket Perps against Aster−0.248%7-day average +0.028% · 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−$101as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.681%−$68 on $10k

Price spread, last 7 days+0.183%+$18 · spread now −0.248%, 7d avg +0.028%

Together, before fees−0.498%+ Points / potential airdropAster: Stage 5 · farm board−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.276% cheaper against Aster than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.3025	0.0334	pay 0.0167% / 4h	3h 18m	$658K	$2.4M	10x
Short	Polymarket Perps USELESS-USD	0.3018	0.0100	get 0.0013% / 1h	18m 03s	$29K	$284K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.248%Rate

Funding earned: −$49.17
Price spread: −0.248% → +0.028%: −$27.56
Slippage, 4 orders: −$57.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$150.24
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 79 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	2.16 bp	14.1 bp −$14	121.2 bp −$1,212	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 79 min ago	0.52 bp	27.3 bp −$27	doesn't fit	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	0.3032	+0.205%	$1.4M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.3019	−0.209%	$32K	$19K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.3026	+0.036%	$11.1M	$79.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.3025	−0.020%	$7.6M	$9.1M	50x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.3028	+0.086%	$5.8M	$11.4M	20x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.3018	−0.248%	$29K	$284K	3x
SunX USELESS-USDT	+0.0100%	4h	0.3032	+0.231%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.3027	+0.043%	$21K	$517K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.3024	−0.050%	$688K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0124%	4h	0.3023	−0.076%	$5.6M	$11.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0216%	1h	0.3034	+0.290%	$11K	—	3x	as long as short
Aster USELESSUSDTlong	+0.0334%	4h	0.3025	long leg	$658K	$2.4M	10x
edgeX USELESSUSDC	+0.0530%	4h	0.3020	−0.180%	$23K	$200K	10x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.3029	+0.132%	$14.8M	$6.8M	50x	as long as short
Binance USELESSUSDT	+0.0557%	4h	0.3030	+0.169%	$26.1M	$134.8M	50x	as long as short
Extended USELESS-USD	+0.0560%	1h	0.3031	+0.191%	$291K	$1.7M	5x	as long as short
Variational Omni USELESS	+0.0959%	4h	0.3020	−0.167%	$1.3M	$1.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.0969%	4h	0.3029	+0.109%	$22K	$1.9M	10x	as long as short
ApeX Omni USELESSUSDT	+0.1137%	1h	0.3019	−0.212%	$56K	$698K	25x	as long as short
Hyperliquid USELESS	+0.1183%	1h	0.3033	+0.235%	$13.8M	$24.3M	3x	as long as short
Bybit USELESSUSDT	+0.1332%	4h	0.3029	+0.106%	$30.1M	$53.5M	13x	as long as short
BingX USELESS-USDT	+0.1374%	4h	0.3029	+0.136%	—	$5.6M	—	as long as short
BloFin USELESS-USDT	+0.1883%	4h	0.3014	−0.383%	$1.3M	$2.4M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3189	+5.404%	$5K	$11K	5.5x	as long as short