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−$68
spread now−0.038%7d average−0.020%fees + slippage, in and out−$67spread needed0.666%
Long on BingXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.29230.1141pay 0.0570% / 4h3h 31m—$4.1M—
ShortBybit USELESSUSDT0.29210.0670get 0.0335% / 4h3h 31m$28.9M$36.1M13x

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
−$3.76
Funding while held
−$14.12
Slippage, 4 orders
−$45.58
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$84.47
Spread needed to break even
0.666%
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0471%
Per $10,000 a day
−$14.12
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 BingX live order book, 10 min ago4.37 bp18.2 bp −$1842.4 bp −$424178.6 bp −$17.9K585.2 bp −$292.6K
Sell Bybit live order book, 3 min ago0.17 bp15.6 bp −$1632.7 bp −$327doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2772cheapest
OKX0.2918+5.275%Bitget0.2921+5.401%
Bybit0.2921+5.405%
Gate0.2922+5.430%
BingX0.2923+5.445%
HTX0.2923+5.481%Binance0.2925+5.537%Hyperliquid0.2926+5.565%Lighter0.2926+5.567%Aster0.2926+5.580%KuCoin0.2926+5.582%Extended0.2927+5.590%Orderly0.2927+5.610%MEXC0.2927+5.621%Polymarket Perps0.2927+5.621%SunX0.2927+5.621%Pacifica0.2928+5.646%Aevo0.2930+5.704%Phemex0.2933+5.823%BloFin0.2943+6.195%edgeX0.2946+6.292%Variational Omni0.2967+7.066%ApeX Omni0.2988+7.808%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.163%−0.5000%1h$3K$18K5.5xas long as short
OKX USELESS-USDT-SWAP−0.161%+0.0100%4h$10.1M$56.7M10xas long as short
Bitget USELESSUSDT−0.041%+0.0220%4h$5.5M$6.8M20xas long as short
Bybit USELESSUSDTshort−0.038%+0.0670%4h$28.9M$36.1M13x
Gate USELESS_USDT−0.014%+0.0100%4h$6.8M$6.0M50xas long as short
BingX USELESS-USDTlong0.000%+0.1141%4h—$4.1M—
HTX USELESS-USDT+0.034%+0.0100%4h$22K$318K20xas long as short
Binance USELESSUSDT+0.088%+0.0527%4h$25.0M$88.5M50xas long as short
Hyperliquid USELESS+0.114%+0.1013%1h$13.8M$14.2M3xas long as short
Lighter USELESS+0.116%+0.0096%1h$1.4M$936K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster USELESSUSDT+0.129%+0.1204%4h$695K$1.4M10xas long as short
KuCoin USELESSUSDTM+0.130%+0.0100%4h$5.4M$7.2M12xas long as short
Extended USELESS-USD+0.138%+0.0528%1h$277K$915K5xas long as short
Orderly PERP_USELESS_USDC+0.157%+0.0989%4h$22K$1.4M10xas long as short
MEXC USELESS_USDT+0.168%+0.0526%4h$18.6M$4.6M50xas long as short
Polymarket Perps USELESS-USD+0.168%+0.1010%1h$35K$114K3xas long as short
SunX USELESS-USDT+0.168%+0.0100%4h—$1.3M10xas long as short
Pacifica USELESS+0.191%+0.0100%1h$29K$103K3xas long as short
Aevo USELESS-PERP+0.246%+0.0216%1h$11K—3xas long as short
Phemex USELESSUSDT+0.359%+0.0540%4h$526K$1.3M20xas long as short
BloFin USELESS-USDT+0.712%+0.1219%4h$1.2M$1.7M12xas long as short
edgeX USELESSUSDC+0.804%+0.0526%4h$22K$185K10xas long as short
Variational Omni USELESS+1.538%+0.0485%4h$1.3M$1.5M—as long as short
ApeX Omni USELESSUSDT+2.241%+0.0586%1h$39K$690K25xas long as short