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−$88
spread now−0.033%7d average−0.005%fees + slippage, in and out−$85spread needed0.854%
Long on BybitShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.28990.0213pay 0.0106% / 4h2h 39m$28.5M$36.5M13x
ShortAster USELESSUSDT0.28980.0999get 0.0499% / 4h2h 39m$677K$1.6M10x

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
−$3.3
Funding while held
$23.58
Slippage, 4 orders
−$66.44
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$65.15
Spread needed to break even
0.854%
Slippage from Bybit: live order book, 6 min ago; Aster: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0786%
Per $10,000 a day
+$23.58
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, 6 min ago0.17 bp18.8 bp −$1950.0 bp −$500doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago3.10 bp21.6 bp −$22111.7 bp −$1,117doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2709cheapest
Variational Omni0.2881+6.376%BloFin0.2883+6.450%HTX0.2891+6.723%ApeX Omni0.2894+6.841%Pacifica0.2896+6.903%edgeX0.2896+6.927%OKX0.2897+6.955%Gate0.2898+6.970%KuCoin0.2898+6.970%
Aster0.2898+7.001%
Extended0.2898+7.002%Lighter0.2898+7.003%Bitget0.2899+7.018%
Bybit0.2899+7.037%
BingX0.2899+7.044%Aevo0.2900+7.068%SunX0.2900+7.077%Polymarket Perps0.2901+7.088%MEXC0.2901+7.092%Hyperliquid0.2901+7.096%Binance0.2902+7.125%Orderly0.2904+7.206%Phemex0.2904+7.217%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.574%−0.5000%1h$3K$16K5.5xas long as short
Variational Omni USELESS−0.617%+0.0353%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT−0.548%+0.0433%4h$1.2M$1.7M12xas long as short
HTX USELESS-USDT−0.293%+0.0100%4h$21K$330K20xas long as short
ApeX Omni USELESSUSDT−0.183%+0.0100%1h$36K$695K25xas long as short
Pacifica USELESS−0.125%+0.0100%1h$29K$83K3xas long as short
edgeX USELESSUSDC−0.103%+0.0448%4h$22K$186K10xas long as short
OKX USELESS-USDT-SWAP−0.076%+0.0100%4h$9.9M$57.7M10xas long as short
Gate USELESS_USDT−0.062%+0.0100%4h$6.8M$6.2M50xas long as short
KuCoin USELESSUSDTM−0.062%+0.0100%4h$5.2M$7.6M12xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster USELESSUSDTshort−0.033%+0.0999%4h$677K$1.6M10x
Extended USELESS-USD−0.032%+0.0424%1h$270K$912K5xas long as short
Lighter USELESS−0.031%+0.0096%1h$1.3M$1.0M3xas long as short
Bitget USELESSUSDT−0.017%+0.0100%4h$5.4M$6.9M20xas long as short
Bybit USELESSUSDTlong0.000%+0.0213%4h$28.5M$36.5M13x
BingX USELESS-USDT+0.007%+0.0422%4h—$4.4M—as long as short
Aevo USELESS-PERP+0.029%+0.0184%1h$10K—3xas long as short
SunX USELESS-USDT+0.038%+0.0100%4h—$1.3M10xas long as short
Polymarket Perps USELESS-USD+0.048%+0.0100%1h$28K$112K3xas long as short
MEXC USELESS_USDT+0.052%+0.0424%4h$18.8M$4.8M50xas long as short
Hyperliquid USELESS+0.055%+0.0915%1h$14.0M$14.9M3xas long as short
Binance USELESSUSDT+0.083%+0.0426%4h$24.6M$91.0M50xas long as short
Orderly PERP_USELESS_USDC+0.159%+0.0966%4h$22K$1.4M10xas long as short
Phemex USELESSUSDT+0.169%+0.0856%4h$536K$1.3M20xas long as short