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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.278%
7d average+0.367%if it closes, per $10,000$28funding while held, a day−$6.13
Long on AsterShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.27330.0869pay 0.0435% / 4h1h 09m$581K$1.2M10x
ShortVariational Omni USELESS0.27260.0665get 0.0332% / 4h1h 09m$1.1M$1.5M—

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
−$27.78
Funding while held
−$6.13
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$41.9
Spread needed to break even
0.080%
Slippage unknown: Aster: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0204%
Per $10,000 a day
−$6.13
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, 5 min ago3.88 bp17.0 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago3.67 bpdoesn't fit40.4 bp −$404doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2559cheapest
edgeX0.2708+5.840%ApeX Omni0.2724+6.469%
Variational Omni0.2726+6.536%
Pacifica0.2729+6.676%KuCoin0.2730+6.695%Polymarket Perps0.2732+6.777%Hyperliquid0.2733+6.806%Gate0.2733+6.816%
Aster0.2733+6.832%
OKX0.2735+6.891%Bybit0.2736+6.934%Bitget0.2737+6.965%Extended0.2737+6.972%SunX0.2737+6.992%Phemex0.2738+7.004%Orderly0.2738+7.008%HTX0.2738+7.008%BingX0.2739+7.047%Aevo0.2739+7.065%Binance0.2739+7.067%BloFin0.2739+7.067%Lighter0.2740+7.102%MEXC0.2741+7.137%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.395%−0.5000%1h$3K$25K5.5xas long as short
edgeX USELESSUSDC−0.929%+0.0418%4h$21K$182K10xas long as short
ApeX Omni USELESSUSDT−0.340%+0.0100%1h$41K$680K25xas long as short
Variational Omni USELESSshort−0.278%+0.0665%4h$1.1M$1.5M—
Pacifica USELESS−0.147%+0.0100%1h$27K$103K3xas long as short
KuCoin USELESSUSDTM−0.128%+0.0100%4h$5.0M$6.4M12xas long as short
Polymarket Perps USELESS-USD−0.051%+0.0100%1h$53K$177K3xas long as short
Hyperliquid USELESS−0.024%+0.0318%1h$11.8M$13.0M3xas long as short
Gate USELESS_USDT−0.015%+0.0100%4h$6.3M$5.5M50xas long as short
Aster USELESSUSDTlong0.000%+0.0869%4h$581K$1.2M10x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX USELESS-USDT-SWAP+0.055%+0.0100%4h$9.3M$50.0M10xas long as short
Bybit USELESSUSDT+0.095%+0.0497%4h$26.4M$32.7M13xas long as short
Bitget USELESSUSDT+0.124%+0.0226%4h$5.2M$6.1M20xas long as short
Extended USELESS-USD+0.131%+0.0440%1h$257K$915K5xas long as short
SunX USELESS-USDT+0.150%+0.0100%4h—$1.3M10xas long as short
Phemex USELESSUSDT+0.161%+0.0100%4h$497K$1.4M20xas long as short
Orderly PERP_USELESS_USDC+0.164%+0.1112%4h$18K$1.4M10xas long as short
HTX USELESS-USDT+0.164%+0.0100%4h$20K$297K20xas long as short
BingX USELESS-USDT+0.201%+0.0524%4h—$3.8M—as long as short
Aevo USELESS-PERP+0.218%+0.0192%1h$10K—3xas long as short
Binance USELESSUSDT+0.219%+0.0442%4h$23.0M$82.1M50xas long as short
BloFin USELESS-USDT+0.219%+0.0741%4h$1.1M$1.6M12xas long as short
Lighter USELESS+0.252%+0.0096%1h$1.3M$845K3xas long as short
MEXC USELESS_USDT+0.285%+0.0442%4h$16.4M$4.2M50xas long as short