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−$66
spread now+0.121%7d average+0.070%fees + slippage, in and out−$71spread needed0.709%
Long on BybitShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.28170.0328pay 0.0164% / 4h4m 05s$27.5M$35.0M13x
ShortApeX Omni USELESSUSDT0.28200.0100get 0.0013% / 1h4m 05s$36K$684K25x

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
$12.07
Funding while held
−$6.84
Slippage, 4 orders
−$49.9
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$65.66
Spread needed to break even
0.709%
Slippage from Bybit: live order book, 1 min ago; ApeX Omni: live order book, 46 min ago.

Cost of waiting

funding view
Funding /8h
−0.0228%
Per $10,000 a day
−$6.84
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 Bybit live order book, 1 min ago0.18 bp16.5 bp −$1636.7 bp −$367doesn't fitdoesn't fit
Sell ApeX Omni live order book, 46 min ago8.90 bp17.8 bp −$18123.9 bp −$1,239doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2647cheapest
BloFin0.2810+6.161%Polymarket Perps0.2815+6.335%Bitget0.2815+6.339%Gate0.2815+6.343%KuCoin0.2815+6.343%HTX0.2815+6.358%Orderly0.2816+6.392%Binance0.2817+6.399%
Bybit0.2817+6.403%
Lighter0.2817+6.407%Pacifica0.2817+6.415%Extended0.2817+6.417%OKX0.2817+6.426%Aster0.2817+6.433%BingX0.2818+6.437%SunX0.2818+6.452%MEXC0.2818+6.460%Aevo0.2819+6.505%
ApeX Omni0.2820+6.532%
Hyperliquid0.2821+6.581%Variational Omni0.2822+6.619%edgeX0.2824+6.675%Phemex0.2826+6.743%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.018%−0.5000%1h$3K$18K5.5xas long as short
BloFin USELESS-USDT−0.227%+0.0573%4h$1.2M$1.7M12xas long as short
Polymarket Perps USELESS-USD−0.064%+0.0100%1h$38K$135K3xas long as short
Bitget USELESSUSDT−0.060%+0.0206%4h$5.3M$6.6M20xas long as short
Gate USELESS_USDT−0.057%+0.0100%4h$6.5M$5.9M50xas long as short
KuCoin USELESSUSDTM−0.057%+0.0100%4h$5.1M$6.9M12xas long as short
HTX USELESS-USDT−0.043%+0.0100%4h$21K$311K20xas long as short
Orderly PERP_USELESS_USDC−0.011%+0.1003%4h$19K$1.4M10xas long as short
Binance USELESSUSDT−0.004%+0.0445%4h$23.8M$85.5M50xas long as short
Bybit USELESSUSDTlong0.000%+0.0328%4h$27.5M$35.0M13x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter USELESS+0.004%+0.0096%1h$1.3M$914K3xas long as short
Pacifica USELESS+0.011%+0.0100%1h$28K$103K3xas long as short
Extended USELESS-USD+0.013%+0.0448%1h$265K$915K5xas long as short
OKX USELESS-USDT-SWAP+0.021%+0.0100%4h$9.4M$53.0M10xas long as short
Aster USELESSUSDT+0.028%+0.1014%4h$671K$1.4M10xas long as short
BingX USELESS-USDT+0.032%+0.0428%4h—$4.0M—as long as short
SunX USELESS-USDT+0.046%+0.0100%4h—$1.3M10xas long as short
MEXC USELESS_USDT+0.053%+0.0444%4h$17.6M$4.4M50xas long as short
Aevo USELESS-PERP+0.096%+0.0192%1h$10K—3xas long as short
ApeX Omni USELESSUSDTshort+0.121%+0.0100%1h$36K$684K25x
Hyperliquid USELESS+0.167%+0.1128%1h$12.5M$13.6M3xas long as short
Variational Omni USELESS+0.203%+0.0435%4h$1.2M$1.6M—as long as short
edgeX USELESSUSDC+0.255%+0.0437%4h$22K$184K10xas long as short
Phemex USELESSUSDT+0.320%+0.0669%4h$514K$1.3M20xas long as short