Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.081%

Price spread now: Aevo against Binance+0.132%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.132% dearer against Binance than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2653	0.0279	pay 0.0139% / 4h	3h 02m	$22.2M	$121.5M	50x
Short	Aevo USELESS-PERP	0.2656	0.0152	get 0.0019% / 1h	2m 50s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.132%Rate

Funding earned: −$26.65
Price spread: +0.132% → 0.000%: $13.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$39.41
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Aevo: no order-book sample. Net counts fees only.

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 Binance live order book, 10 min ago	0.38 bp	19.4 bp −$19	53.3 bp −$533	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 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	0.2651	−0.077%	$1.2M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2653	−0.007%	$524K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2661	+0.311%	$29K	$18K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2652	−0.043%	$6.6M	$8.7M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2661	+0.289%	$26K	$240K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2660	+0.247%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2656	+0.130%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2655	+0.081%	$621K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0112%	4h	0.2652	−0.028%	$5.0M	$10.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0130%	4h	0.2651	−0.077%	$9.0M	$64.1M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERPshort	+0.0152%	1h	0.2656	+0.132%	$10K	—	3x
KuCoin USELESSUSDTM	+0.0166%	4h	0.2653	−0.005%	$4.8M	$10.7M	12x	as long as short
MEXC USELESS_USDT	+0.0276%	4h	0.2654	+0.036%	$10.7M	$6.1M	50x	as long as short
Binance USELESSUSDTlong	+0.0279%	4h	0.2653	long leg	$22.2M	$121.5M	50x
Extended USELESS-USD	+0.0280%	1h	0.2653	+0.020%	$113K	$1.1M	5x	as long as short
edgeX USELESSUSDC	+0.0282%	4h	0.2654	+0.035%	$20K	$197K	10x	as long as short
Hyperliquid USELESS	+0.0324%	1h	0.2653	−0.013%	$11.6M	$22.5M	3x	as long as short
ApeX Omni USELESSUSDT	+0.0403%	1h	0.2642	−0.412%	$37K	$696K	25x	as long as short
BingX USELESS-USDT	+0.0446%	4h	0.2652	−0.020%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0519%	4h	0.2653	−0.009%	$25.0M	$48.3M	13x	as long as short
Variational Omni USELESS	+0.0585%	4h	0.2652	−0.053%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0814%	4h	0.2656	+0.100%	$1.1M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1264%	4h	0.2660	+0.262%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2808	+5.841%	$5K	$11K	5.5x	as long as short