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−$57
spread now+0.069%7d average−0.074%fees + slippage, in and out−$71spread needed0.714%
Long on BloFinShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.27530.0738pay 0.0369% / 4h57m 02s$1.1M$1.6M12x
ShortBybit USELESSUSDT0.27540.0481get 0.0241% / 4h57m 02s$26.7M$33.1M13x

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
$6.9
Funding while held
−$7.69
Slippage, 4 orders
−$48.44
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$72.23
Spread needed to break even
0.714%
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0256%
Per $10,000 a day
−$7.69
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 BloFin live order book, 2 min ago4.69 bp18.6 bp −$1934.7 bp −$347doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.36 bp18.8 bp −$1945.9 bp −$459doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Polymarket Perps0.2742cheapestAevo0.2746+0.135%HTX0.2747+0.190%Aster0.2748+0.237%KuCoin0.2748+0.241%Orderly0.2749+0.277%MEXC0.2750+0.295%Lighter0.2750+0.314%SunX0.2752+0.372%
BloFin0.2753+0.394%
Gate0.2753+0.401%Pacifica0.2753+0.412%OKX0.2753+0.427%Extended0.2754+0.451%
Bybit0.2754+0.463%
Phemex0.2755+0.470%Binance0.2756+0.532%Bitget0.2756+0.532%BingX0.2757+0.536%Hyperliquid0.2758+0.582%ApeX Omni0.2762+0.737%edgeX0.2767+0.904%Variational Omni0.2771+1.073%
Injective0.3030+10.515%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps USELESS-USD−0.392%+0.0100%1h$53K$167K3xas long as short
Aevo USELESS-PERP−0.258%+0.0192%1h$10K—3xas long as short
HTX USELESS-USDT−0.203%+0.0100%4h$21K$300K20xas long as short
Aster USELESSUSDT−0.156%+0.0895%4h$599K$1.2M10xas long as short
KuCoin USELESSUSDTM−0.153%+0.0100%4h$4.9M$6.5M12xas long as short
Orderly PERP_USELESS_USDC−0.116%+0.1084%4h$18K$1.4M10xas long as short
MEXC USELESS_USDT−0.098%+0.0430%4h$16.6M$4.2M50xas long as short
Lighter USELESS−0.080%+0.0096%1h$1.3M$773K3xas long as short
SunX USELESS-USDT−0.022%+0.0100%4h—$1.3M10xas long as short
BloFin USELESS-USDTlong0.000%+0.0738%4h$1.1M$1.6M12x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDT+0.007%+0.0100%4h$6.4M$5.5M50xas long as short
Pacifica USELESS+0.018%+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.033%+0.0100%4h$9.3M$50.6M10xas long as short
Extended USELESS-USD+0.057%+0.0432%1h$259K$915K5xas long as short
Bybit USELESSUSDTshort+0.069%+0.0481%4h$26.7M$33.1M13x
Phemex USELESSUSDT+0.076%+0.0100%4h$499K$1.4M20xas long as short
Binance USELESSUSDT+0.137%+0.0429%4h$23.2M$82.5M50xas long as short
Bitget USELESSUSDT+0.138%+0.0218%4h$5.3M$6.1M20xas long as short
BingX USELESS-USDT+0.142%+0.0536%4h—$3.9M—as long as short
Hyperliquid USELESS+0.187%+0.0723%1h$12.0M$13.1M3xas long as short
ApeX Omni USELESSUSDT+0.341%+0.0100%1h$42K$678K25xas long as short
edgeX USELESSUSDC+0.508%+0.0424%4h$21K$182K10xas long as short
Variational Omni USELESS+0.676%+0.0664%4h$1.2M$1.5M—as long as short
Injective USELESS/USDC PERP+10.081%−0.5000%1h$3K$18K5.5xas long as short