data as of
Settings8H · net · $10k
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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−$101
spread now−0.174%7d average−0.104%fees + slippage, in and out−$94spread needed0.936%
Long on BinanceShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USELESSUSDT0.28300.0380pay 0.0190% / 4h1h 55m$24.0M$93.8M50x
ShortGate USELESS_USDT0.28250.0100get 0.0050% / 4h1h 55m$6.8M$6.4M50x

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
−$17.4
Funding while held
−$8.41
Slippage, 4 orders
−$68.6
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$119.41
Spread needed to break even
0.936%
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0280%
Per $10,000 a day
−$8.41
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 Binance live order book, 4 min ago0.70 bp19.2 bp −$1953.7 bp −$537doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago4.02 bp27.3 bp −$27doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Gate0.2825cheapest
HTX0.2827+0.060%KuCoin0.2827+0.071%Extended0.2829+0.165%
Binance0.2830+0.174%
Lighter0.2830+0.188%Aster0.2831+0.212%Hyperliquid0.2831+0.216%MEXC0.2831+0.234%Pacifica0.2832+0.244%Bybit0.2834+0.319%OKX0.2836+0.389%Bitget0.2837+0.428%BingX0.2838+0.481%Polymarket Perps0.2840+0.535%Phemex0.2840+0.549%SunX0.2841+0.577%ApeX Omni0.2842+0.609%Orderly0.2843+0.658%Aevo0.2844+0.676%Variational Omni0.2845+0.719%BloFin0.2846+0.736%edgeX0.2857+1.152%Injective0.2937+3.976%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDTshort−0.174%+0.0100%4h$6.8M$6.4M50x
HTX USELESS-USDT−0.114%+0.0100%4h$21K$339K20xas long as short
KuCoin USELESSUSDTM−0.103%+0.0100%4h$5.1M$7.9M12xas long as short
Extended USELESS-USD−0.009%+0.0384%1h$260K$921K5xas long as short
Binance USELESSUSDTlong0.000%+0.0380%4h$24.0M$93.8M50x
Lighter USELESS+0.013%+0.0096%1h$1.3M$922K3xas long as short
Aster USELESSUSDT+0.038%+0.0871%4h$589K$1.8M10xas long as short
Hyperliquid USELESS+0.042%+0.0559%1h$13.8M$15.7M3xas long as short
MEXC USELESS_USDT+0.059%+0.0380%4h$18.7M$4.9M50xas long as short
Pacifica USELESS+0.069%+0.0100%1h$32K$76K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit USELESSUSDT+0.144%+0.0192%4h$27.7M$37.6M13xas long as short
OKX USELESS-USDT-SWAP+0.215%+0.0100%4h$9.6M$57.9M10xas long as short
Bitget USELESSUSDT+0.254%+0.0132%4h$5.4M$7.1M20xas long as short
BingX USELESS-USDT+0.307%+0.0390%4h—$4.4M—as long as short
Polymarket Perps USELESS-USD+0.360%+0.0100%1h$27K$117K3xas long as short
Phemex USELESSUSDT+0.374%+0.0100%4h$512K$1.3M20xas long as short
SunX USELESS-USDT+0.402%+0.0100%4h—$1.3M10xas long as short
ApeX Omni USELESSUSDT+0.434%+0.0100%1h$35K$695K25xas long as short
Orderly PERP_USELESS_USDC+0.483%+0.0913%4h$22K$1.4M10xas long as short
Aevo USELESS-PERP+0.501%+0.0176%1h$10K—3xas long as short
Variational Omni USELESS+0.544%+0.0314%4h$1.2M$1.6M—as long as short
BloFin USELESS-USDT+0.561%+0.0465%4h$1.2M$1.7M12xas long as short
edgeX USELESSUSDC+0.976%+0.0362%4h$22K$185K10xas long as short
Injective USELESS/USDC PERP+3.795%−0.5000%1h$855$14K5.5xas long as short