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−$100
spread now−0.050%7d average−0.009%fees + slippage, in and out−$96spread needed0.958%
Long on BybitShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.28080.0100pay 0.0050% / 4h3h 59m$27.4M$35.0M13x
ShortKuCoin USELESSUSDTM0.28070.0100get 0.0050% / 4h3h 59m$5.1M$6.9M12x

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
−$4.99
Funding while held
$0
Slippage, 4 orders
−$72.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$100.81
Spread needed to break even
0.958%
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 bp13.8 bp −$1440.3 bp −$403doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago2.84 bp24.4 bp −$24doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2638cheapest
Gate0.2802+6.205%Polymarket Perps0.2804+6.284%Lighter0.2804+6.295%MEXC0.2806+6.333%BloFin0.2806+6.352%HTX0.2806+6.360%
KuCoin0.2807+6.375%
Binance0.2807+6.379%Orderly0.2807+6.394%OKX0.2807+6.402%BingX0.2807+6.405%SunX0.2807+6.405%Aevo0.2808+6.411%Aster0.2808+6.421%
Bybit0.2808+6.428%
Extended0.2808+6.436%Bitget0.2808+6.447%Hyperliquid0.2810+6.504%Pacifica0.2810+6.515%ApeX Omni0.2813+6.618%Phemex0.2815+6.701%Variational Omni0.2815+6.703%edgeX0.2815+6.705%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.040%−0.5000%1h$3K$18K5.5xas long as short
Gate USELESS_USDT−0.210%+0.0100%4h$6.5M$5.8M50xas long as short
Polymarket Perps USELESS-USD−0.135%+0.0100%1h$38K$116K3xas long as short
Lighter USELESS−0.125%+0.0096%1h$1.3M$902K3xas long as short
MEXC USELESS_USDT−0.089%+0.0428%4h$17.6M$4.4M50xas long as short
BloFin USELESS-USDT−0.071%+0.0574%4h$1.2M$1.7M12xas long as short
HTX USELESS-USDT−0.064%+0.0100%4h$21K$312K20xas long as short
KuCoin USELESSUSDTMshort−0.050%+0.0100%4h$5.1M$6.9M12x
Binance USELESSUSDT−0.046%+0.0432%4h$23.7M$85.4M50xas long as short
Orderly PERP_USELESS_USDC−0.032%+0.0991%4h$19K$1.4M10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX USELESS-USDT-SWAP−0.025%+0.0100%4h$9.4M$52.8M10xas long as short
BingX USELESS-USDT−0.021%+0.0422%4h—$4.0M—as long as short
SunX USELESS-USDT−0.021%+0.0100%4h—$1.3M10xas long as short
Aevo USELESS-PERP−0.016%+0.0192%1h$10K—3xas long as short
Aster USELESSUSDT−0.007%+0.1004%4h$669K$1.4M10xas long as short
Bybit USELESSUSDTlong0.000%+0.0100%4h$27.4M$35.0M13x
Extended USELESS-USD+0.007%+0.0432%1h$265K$915K5xas long as short
Bitget USELESSUSDT+0.018%+0.0188%4h$5.2M$6.6M20xas long as short
Hyperliquid USELESS+0.071%+0.1017%1h$12.5M$13.7M3xas long as short
Pacifica USELESS+0.082%+0.0100%1h$28K$103K3xas long as short
ApeX Omni USELESSUSDT+0.178%+0.0100%1h$36K$685K25xas long as short
Phemex USELESSUSDT+0.256%+0.0708%4h$512K$1.3M20xas long as short
Variational Omni USELESS+0.259%+0.0415%4h$1.2M$1.6M—as long as short
edgeX USELESSUSDC+0.260%+0.0424%4h$21K$185K10xas long as short