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−$107
spread now−0.140%7d average−0.068%fees + slippage, in and out−$100spread needed0.998%
Long on BybitShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.27780.0330pay 0.0165% / 4h16m 34s$27.0M$34.8M13x
ShortGate USELESS_USDT0.27740.0100get 0.0050% / 4h16m 34s$6.4M$5.9M50x

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
−$14.04
Funding while held
−$6.9
Slippage, 4 orders
−$73.76
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$120.69
Spread needed to break even
0.998%
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0230%
Per $10,000 a day
−$6.90
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, 4 min ago0.18 bp18.5 bp −$1841.4 bp −$414doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.06 bp31.8 bp −$32doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2607cheapest
KuCoin0.2771+6.274%Variational Omni0.2773+6.361%HTX0.2774+6.374%
Gate0.2774+6.382%
OKX0.2774+6.405%Orderly0.2774+6.405%Phemex0.2775+6.436%Lighter0.2776+6.462%SunX0.2776+6.462%Pacifica0.2776+6.476%BloFin0.2777+6.501%Bitget0.2777+6.512%Aster0.2778+6.529%
Bybit0.2778+6.531%
Hyperliquid0.2778+6.543%Extended0.2778+6.544%Polymarket Perps0.2778+6.554%MEXC0.2778+6.558%BingX0.2779+6.566%Binance0.2779+6.593%Aevo0.2783+6.732%edgeX0.2784+6.770%ApeX Omni0.2784+6.773%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.131%−0.5000%1h$3K$18K5.5xas long as short
KuCoin USELESSUSDTM−0.241%+0.0100%4h$5.0M$6.8M12xas long as short
Variational Omni USELESS−0.160%+0.0487%4h$1.2M$1.6M—as long as short
HTX USELESS-USDT−0.148%+0.0100%4h$21K$308K20xas long as short
Gate USELESS_USDTshort−0.140%+0.0100%4h$6.4M$5.9M50x
OKX USELESS-USDT-SWAP−0.119%+0.0100%4h$9.3M$52.4M10xas long as short
Orderly PERP_USELESS_USDC−0.119%+0.1024%4h$19K$1.4M10xas long as short
Phemex USELESSUSDT−0.090%+0.0432%4h$506K$1.3M20xas long as short
Lighter USELESS−0.065%+0.0096%1h$1.3M$880K3xas long as short
SunX USELESS-USDT−0.065%+0.0100%4h—$1.3M10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica USELESS−0.052%+0.0100%1h$27K$103K3xas long as short
BloFin USELESS-USDT−0.029%+0.0595%4h$1.2M$1.6M12xas long as short
Bitget USELESSUSDT−0.018%+0.0208%4h$5.3M$6.5M20xas long as short
Aster USELESSUSDT−0.003%+0.0957%4h$655K$1.3M10xas long as short
Bybit USELESSUSDTlong0.000%+0.0330%4h$27.0M$34.8M13x
Hyperliquid USELESS+0.011%+0.1181%1h$12.3M$13.6M3xas long as short
Extended USELESS-USD+0.012%+0.0424%1h$261K$915K5xas long as short
Polymarket Perps USELESS-USD+0.022%+0.0100%1h$38K$165K3xas long as short
MEXC USELESS_USDT+0.025%+0.0426%4h$17.3M$4.4M50xas long as short
BingX USELESS-USDT+0.032%+0.0410%4h—$4.0M—as long as short
Binance USELESSUSDT+0.058%+0.0424%4h$23.4M$85.0M50xas long as short
Aevo USELESS-PERP+0.188%+0.0192%1h$10K—3xas long as short
edgeX USELESSUSDC+0.224%+0.0417%4h$21K$184K10xas long as short
ApeX Omni USELESSUSDT+0.227%+0.0100%1h$36K$684K25xas long as short