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)+0.038%
7d average+0.039%if it closes, per $10,000$4funding while held, a day+$22.53
Long on BitgetShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USELESSUSDT0.29110.0218pay 0.0109% / 4h3h 30m$5.5M$6.8M20x
ShortPolymarket Perps USELESS-USD0.29120.0969get 0.0121% / 1h30m 59s$35K$114K3x

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
$3.78
Funding while held
$22.53
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$6.31
Spread needed to break even
0.200%
Slippage unknown: Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 18 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0751%
Per $10,000 a day
+$22.53
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 Bitget live order book, 4 min ago4.44 bp35.3 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 18 min ago0.18 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2741cheapest
HTX0.2890+5.455%OKX0.2905+5.984%Gate0.2905+5.995%Bybit0.2905+6.010%Binance0.2909+6.136%BingX0.2909+6.156%
Bitget0.2911+6.207%
MEXC0.2911+6.232%KuCoin0.2912+6.240%
Polymarket Perps0.2912+6.247%
Pacifica0.2913+6.296%Extended0.2914+6.317%Hyperliquid0.2914+6.325%Phemex0.2914+6.327%BloFin0.2915+6.349%Lighter0.2915+6.353%Aster0.2915+6.377%Aevo0.2915+6.381%Orderly0.2917+6.418%SunX0.2919+6.513%ApeX Omni0.2942+7.349%edgeX0.2946+7.495%Variational Omni0.2967+8.277%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.844%−0.5000%1h$3K$18K5.5xas long as short
HTX USELESS-USDT−0.708%+0.0100%4h$21K$319K20xas long as short
OKX USELESS-USDT-SWAP−0.210%+0.0100%4h$10.0M$56.6M10xas long as short
Gate USELESS_USDT−0.199%+0.0100%4h$6.8M$6.1M50xas long as short
Bybit USELESSUSDT−0.186%+0.0795%4h$28.7M$36.2M13xas long as short
Binance USELESSUSDT−0.066%+0.0522%4h$24.9M$88.6M50xas long as short
BingX USELESS-USDT−0.048%+0.0740%4h—$4.1M—as long as short
Bitget USELESSUSDTlong0.000%+0.0218%4h$5.5M$6.8M20x
MEXC USELESS_USDT+0.024%+0.0526%4h$18.5M$4.6M50xas long as short
KuCoin USELESSUSDTM+0.031%+0.0100%4h$5.3M$7.2M12xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps USELESS-USDshort+0.038%+0.0969%1h$35K$114K3x
Pacifica USELESS+0.084%+0.0100%1h$29K$103K3xas long as short
Extended USELESS-USD+0.104%+0.0520%1h$275K$915K5xas long as short
Hyperliquid USELESS+0.112%+0.1019%1h$13.9M$14.3M3xas long as short
Phemex USELESSUSDT+0.113%+0.0434%4h$522K$1.3M20xas long as short
BloFin USELESS-USDT+0.134%+0.1143%4h$1.2M$1.7M12xas long as short
Lighter USELESS+0.137%+0.0096%1h$1.3M$936K3xas long as short
Aster USELESSUSDT+0.160%+0.1193%4h$693K$1.4M10xas long as short
Aevo USELESS-PERP+0.164%+0.0208%1h$10K—3xas long as short
Orderly PERP_USELESS_USDC+0.199%+0.0983%4h$22K$1.4M10xas long as short
SunX USELESS-USDT+0.289%+0.0100%4h—$1.3M10xas long as short
ApeX Omni USELESSUSDT+1.075%+0.0432%1h$38K$691K25xas long as short
edgeX USELESSUSDC+1.213%+0.0526%4h$22K$185K10xas long as short
Variational Omni USELESS+1.950%+0.0485%4h$1.3M$1.5M—as long as short