data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

USELESS

all USELESS markets
SwapFunding view
Alert
My alerts

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−$66
spread now−0.259%7d average−0.035%fees + slippage, in and out−$44spread needed0.439%
Long on BloFinShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.28580.0640pay 0.0320% / 4h43m 20s$1.2M$1.7M12x
ShortMEXC USELESS_USDT0.28510.0450get 0.0225% / 4h43m 20s$17.4M$4.2M50x

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
−$25.89
Funding while held
−$5.69
Slippage, 4 orders
−$23.89
Fee BloFin: 6 bp × 2 orders
−$12
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$75.46
Spread needed to break even
0.439%
Slippage from BloFin: live order book, 6 min ago; MEXC: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0190%
Per $10,000 a day
−$5.69
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, 6 min ago0.35 bp11.0 bp −$1144.7 bp −$447doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago0.70 bp9.6 bp −$1043.0 bp −$430135.5 bp −$13.6Kdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2676cheapest
Variational Omni0.2810+5.009%ApeX Omni0.2833+5.871%edgeX0.2837+6.011%Gate0.2847+6.394%HTX0.2847+6.409%Binance0.2848+6.428%Polymarket Perps0.2850+6.491%Lighter0.2850+6.510%Aster0.2851+6.546%
MEXC0.2851+6.547%
KuCoin0.2851+6.551%SunX0.2851+6.551%OKX0.2851+6.559%BingX0.2853+6.607%Bitget0.2853+6.611%Phemex0.2853+6.626%Extended0.2853+6.630%Aevo0.2854+6.662%Hyperliquid0.2856+6.730%Orderly0.2856+6.734%
BloFin0.2858+6.824%
Bybit0.2859+6.861%Pacifica0.2860+6.869%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.388%−0.5000%1h$3K$18K5.5xas long as short
Variational Omni USELESS−1.699%+0.0538%4h$1.2M$1.5M—as long as short
ApeX Omni USELESSUSDT−0.892%+0.0100%1h$43K$679K25xas long as short
edgeX USELESSUSDC−0.760%+0.0425%4h$22K$184K10xas long as short
Gate USELESS_USDT−0.402%+0.0100%4h$6.6M$5.6M50xas long as short
HTX USELESS-USDT−0.388%+0.0100%4h$21K$302K20xas long as short
Binance USELESSUSDT−0.371%+0.0447%4h$24.1M$83.4M50xas long as short
Polymarket Perps USELESS-USD−0.311%−0.0889%1h$55K$169K3xas long as short
Lighter USELESS−0.294%+0.0096%1h$1.3M$775K3xas long as short
Aster USELESSUSDT−0.260%+0.0970%4h$622K$1.3M10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC USELESS_USDTshort−0.259%+0.0450%4h$17.4M$4.2M50x
KuCoin USELESSUSDTM−0.255%+0.0100%4h$5.2M$6.6M12xas long as short
SunX USELESS-USDT−0.255%+0.0100%4h—$1.3M10xas long as short
OKX USELESS-USDT-SWAP−0.248%+0.0100%4h$9.6M$53.0M10xas long as short
BingX USELESS-USDT−0.203%+0.0426%4h—$3.9M—as long as short
Bitget USELESSUSDT−0.199%+0.0232%4h$5.5M$6.3M20xas long as short
Phemex USELESSUSDT−0.185%+0.0100%4h$519K$1.4M20xas long as short
Extended USELESS-USD−0.181%+0.0448%1h$269K$915K5xas long as short
Aevo USELESS-PERP−0.152%+0.0192%1h$10K—3xas long as short
Hyperliquid USELESS−0.087%+0.1216%1h$12.6M$13.2M3xas long as short
Orderly PERP_USELESS_USDC−0.084%+0.1070%4h$19K$1.4M10xas long as short
BloFin USELESS-USDTlong0.000%+0.0640%4h$1.2M$1.7M12x
Bybit USELESSUSDT+0.035%+0.0387%4h$28.3M$34.0M13xas long as short
Pacifica USELESS+0.042%+0.0100%1h$28K$103K3xas long as short