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)+0.223%
7d average+0.128%if it closes, per $10,000$22funding while held, a day−$2.28
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.28390.0390pay 0.0195% / 4h1h 56m—$4.4M—
ShortVariational Omni USELESS0.28450.0314get 0.0157% / 4h1h 56m$1.2M$1.6M—

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
$22.26
Funding while held
−$2.28
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$9.98
Spread needed to break even
0.100%
Slippage unknown: BingX: live order book, 15 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0076%
Per $10,000 a day
−$2.28
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, 15 min ago4.56 bp16.7 bp −$1758.1 bp −$581392.3 bp −$39.2Kdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago5.25 bpdoesn't fit50.8 bp −$508doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.2835cheapestOKX0.2837+0.063%
BingX0.2839+0.127%
Binance0.2839+0.138%Extended0.2839+0.150%Bitget0.2839+0.152%Lighter0.2840+0.180%Hyperliquid0.2840+0.183%KuCoin0.2841+0.187%Bybit0.2841+0.190%Aster0.2841+0.205%Gate0.2841+0.215%MEXC0.2842+0.229%Orderly0.2842+0.229%ApeX Omni0.2842+0.240%Phemex0.2842+0.247%Polymarket Perps0.2843+0.275%
Variational Omni0.2845+0.350%
Aevo0.2845+0.358%BloFin0.2846+0.367%Pacifica0.2846+0.395%SunX0.2848+0.462%edgeX0.2857+0.781%Injective0.2937+3.594%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT−0.127%+0.0100%4h$21K$339K20xas long as short
OKX USELESS-USDT-SWAP−0.063%+0.0100%4h$9.6M$57.9M10xas long as short
BingX USELESS-USDTlong0.000%+0.0390%4h—$4.4M—
Binance USELESSUSDT+0.011%+0.0389%4h$24.1M$93.7M50xas long as short
Extended USELESS-USD+0.023%+0.0392%1h$265K$915K5xas long as short
Bitget USELESSUSDT+0.025%+0.0136%4h$5.4M$7.1M20xas long as short
Lighter USELESS+0.053%+0.0096%1h$1.3M$919K3xas long as short
Hyperliquid USELESS+0.056%+0.0674%1h$13.8M$15.7M3xas long as short
KuCoin USELESSUSDTM+0.060%+0.0100%4h$5.1M$7.9M12xas long as short
Bybit USELESSUSDT+0.063%+0.0212%4h$27.8M$37.5M13xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster USELESSUSDT+0.077%+0.0888%4h$591K$1.8M10xas long as short
Gate USELESS_USDT+0.088%+0.0100%4h$6.8M$6.4M50xas long as short
MEXC USELESS_USDT+0.102%+0.0388%4h$18.8M$4.9M50xas long as short
Orderly PERP_USELESS_USDC+0.102%+0.0916%4h$22K$1.4M10xas long as short
ApeX Omni USELESSUSDT+0.113%+0.0100%1h$35K$695K25xas long as short
Phemex USELESSUSDT+0.120%+0.0100%4h$512K$1.3M20xas long as short
Polymarket Perps USELESS-USD+0.148%+0.0100%1h$27K$117K3xas long as short
Variational Omni USELESSshort+0.223%+0.0314%4h$1.2M$1.6M—
Aevo USELESS-PERP+0.231%+0.0176%1h$10K—3xas long as short
BloFin USELESS-USDT+0.240%+0.0465%4h$1.2M$1.7M12xas long as short
Pacifica USELESS+0.268%+0.0100%1h$32K$76K3xas long as short
SunX USELESS-USDT+0.335%+0.0100%4h—$1.3M10xas long as short
edgeX USELESSUSDC+0.653%+0.0362%4h$22K$185K10xas long as short
Injective USELESS/USDC PERP+3.463%−0.5000%1h$855$14K5.5xas long as short