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)+0.395%
7d average−0.168%if it closes, per $10,000$40funding while held, a day−$9.62
Long on BloFinShort on HTX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.28580.0421pay 0.0210% / 4h1h 12m$1.2M$1.8M12x
ShortHTX USELESS-USDT0.28690.0100get 0.0050% / 4h1h 12m$20K$344K20x

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
$39.54
Funding while held
−$9.62
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$5.91
Spread needed to break even
0.240%
Slippage unknown: BloFin: live order book, 2 min ago; HTX: live order book, 22 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0321%
Per $10,000 a day
−$9.62
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 ago7.37 bp24.6 bp −$2550.8 bp −$508doesn't fitdoesn't fit
Sell HTX live order book, 22 min ago57.03 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 Omni0.2804cheapestVariational Omni0.2810+0.223%edgeX0.2820+0.564%KuCoin0.2855+1.830%Pacifica0.2856+1.869%Polymarket Perps0.2858+1.926%
BloFin0.2858+1.929%
MEXC0.2858+1.940%SunX0.2860+1.986%Hyperliquid0.2862+2.058%Gate0.2867+2.229%Aster0.2868+2.268%
HTX0.2869+2.332%
Phemex0.2874+2.500%Bitget0.2876+2.575%Extended0.2877+2.590%Orderly0.2877+2.607%Lighter0.2879+2.664%Aevo0.2879+2.678%Binance0.2882+2.770%BingX0.2883+2.828%OKX0.2896+3.270%Bybit0.2897+3.313%Injective0.2937+4.747%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−1.893%+0.0100%1h$34K$693K25xas long as short
Variational Omni USELESS−1.674%+0.0287%4h$1.2M$1.5M—as long as short
edgeX USELESSUSDC−1.340%+0.0355%4h$21K$187K10xas long as short
KuCoin USELESSUSDTM−0.098%+0.0100%4h$5.2M$8.1M12xas long as short
Pacifica USELESS−0.059%+0.0100%1h$32K$76K3xas long as short
Polymarket Perps USELESS-USD−0.003%+0.0100%1h$27K$111K3xas long as short
BloFin USELESS-USDTlong0.000%+0.0421%4h$1.2M$1.8M12x
MEXC USELESS_USDT+0.010%+0.0358%4h$19.3M$5.1M50xas long as short
SunX USELESS-USDT+0.056%+0.0100%4h—$1.3M10xas long as short
Hyperliquid USELESS+0.126%+0.0698%1h$13.7M$15.5M3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDT+0.294%+0.0100%4h$6.9M$6.6M50xas long as short
Aster USELESSUSDT+0.332%+0.0844%4h$643K$1.9M10xas long as short
HTX USELESS-USDTshort+0.395%+0.0100%4h$20K$344K20x
Phemex USELESSUSDT+0.560%+0.0100%4h$543K$1.3M20xas long as short
Bitget USELESSUSDT+0.633%+0.0178%4h$5.5M$7.1M20xas long as short
Extended USELESS-USD+0.648%+0.0376%1h$262K$920K5xas long as short
Orderly PERP_USELESS_USDC+0.665%+0.0885%4h$22K$1.4M10xas long as short
Lighter USELESS+0.721%+0.0096%1h$1.3M$950K3xas long as short
Aevo USELESS-PERP+0.735%+0.0176%1h$10K—3xas long as short
Binance USELESSUSDT+0.825%+0.0372%4h$24.4M$94.1M50xas long as short
BingX USELESS-USDT+0.882%+0.0374%4h—$4.4M—as long as short
OKX USELESS-USDT-SWAP+1.316%+0.0100%4h$9.9M$58.8M10xas long as short
Bybit USELESSUSDT+1.358%+0.0153%4h$28.3M$37.3M13xas long as short
Injective USELESS/USDC PERP+2.764%−0.5000%1h$855$14K5.5xas long as short