data as of
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Price arb /

USELESS

all USELESS markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average+0.058%if it closes, per $10,000$3funding while held, a day+$14.54
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USELESSUSDT0.28640.0376pay 0.0188% / 4h1h 59m$24.3M$93.6M50x
ShortHyperliquid USELESS0.28650.0861get 0.0108% / 1h59m 53s$14.0M$15.7M3x

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
$2.97
Funding while held
$14.54
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1.49
Spread needed to break even
0.190%
Slippage unknown: Binance: live order book, 14 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0485%
Per $10,000 a day
+$14.54
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, 14 min ago0.52 bp16.0 bp −$1645.1 bp −$451doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.41 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2817cheapestedgeX0.2821+0.143%HTX0.2844+0.966%Variational Omni0.2845+0.998%BloFin0.2848+1.093%Pacifica0.2853+1.271%Aster0.2855+1.344%SunX0.2856+1.374%Polymarket Perps0.2856+1.392%Aevo0.2858+1.443%Gate0.2858+1.473%KuCoin0.2860+1.519%Orderly0.2862+1.587%OKX0.2862+1.590%Bitget0.2862+1.601%Lighter0.2862+1.608%Extended0.2862+1.613%MEXC0.2863+1.651%
Binance0.2864+1.681%
Phemex0.2865+1.690%BingX0.2865+1.697%
Hyperliquid0.2865+1.711%
Bybit0.2866+1.729%Injective0.2937+4.263%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−1.653%+0.0100%1h$34K$695K25xas long as short
edgeX USELESSUSDC−1.512%+0.0366%4h$22K$186K10xas long as short
HTX USELESS-USDT−0.703%+0.0100%4h$21K$338K20xas long as short
Variational Omni USELESS−0.671%+0.0314%4h$1.2M$1.6M—as long as short
BloFin USELESS-USDT−0.578%+0.0459%4h$1.2M$1.7M12xas long as short
Pacifica USELESS−0.403%+0.0100%1h$32K$80K3xas long as short
Aster USELESSUSDT−0.331%+0.0875%4h$657K$1.8M10xas long as short
SunX USELESS-USDT−0.302%+0.0100%4h—$1.3M10xas long as short
Polymarket Perps USELESS-USD−0.285%+0.0100%1h$27K$116K3xas long as short
Aevo USELESS-PERP−0.234%+0.0176%1h$10K—3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDT−0.204%+0.0100%4h$6.8M$6.6M50xas long as short
KuCoin USELESSUSDTM−0.159%+0.0100%4h$5.1M$7.8M12xas long as short
Orderly PERP_USELESS_USDC−0.092%+0.0926%4h$22K$1.4M10xas long as short
OKX USELESS-USDT-SWAP−0.089%+0.0100%4h$9.7M$58.4M10xas long as short
Bitget USELESSUSDT−0.079%+0.0136%4h$5.4M$7.1M20xas long as short
Lighter USELESS−0.072%+0.0096%1h$1.3M$1.1M3xas long as short
Extended USELESS-USD−0.067%+0.0376%1h$266K$915K5xas long as short
MEXC USELESS_USDT−0.030%+0.0364%4h$18.9M$5.0M50xas long as short
Binance USELESSUSDTlong0.000%+0.0376%4h$24.3M$93.6M50x
Phemex USELESSUSDT+0.009%+0.0100%4h$518K$1.3M20xas long as short
BingX USELESS-USDT+0.016%+0.0382%4h—$4.4M—as long as short
Hyperliquid USELESSshort+0.030%+0.0861%1h$14.0M$15.7M3x
Bybit USELESSUSDT+0.047%+0.0237%4h$28.1M$37.5M13xas long as short
Injective USELESS/USDC PERP+2.540%−0.5000%1h$855$20K5.5xas long as short