After costs, if the gap returns to its 7d average, $10k−$254
spread now−0.314%7d average−0.117%fees + slippage, in and out−$234spread needed2.343%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX USELESSUSDC | 0.2784 | 0.0417 | pay 0.0208% / 4h | 17m 30s | $21K | $184K | 10x |
| Short | Bitget USELESSUSDT | 0.2775 | 0.0210 | get 0.0105% / 4h | 17m 30s | $5.3M | $6.5M | 20x |
Bitget USELESSUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$31.37
- Funding while held
- −$6.2
- Slippage, 4 orders
- −$213.3
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$271.87
- Spread needed to break even
- 2.343%
Slippage from edgeX: live order book, 31 min ago; Bitget: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0207%
- Per $10,000 a day
- −$6.20
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 31 min ago | 1.07 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.05 bp | 32.0 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
USELESS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2616cheapest
HTX0.2768+5.790%OKX0.2773+5.977%Variational Omni0.2773+5.991%Gate0.2774+6.027%Lighter0.2775+6.042%Bybit0.2775+6.050%
Injective
HTX
OKX
Variational Omni
Gate
Lighter
BybitBitget0.2775+6.065%
Aster0.2776+6.084%BingX0.2776+6.104%KuCoin0.2776+6.107%Polymarket Perps0.2777+6.119%Pacifica0.2777+6.121%Binance0.2777+6.130%Orderly0.2777+6.142%SunX0.2777+6.146%Extended0.2777+6.151%Aevo0.2779+6.201%Hyperliquid0.2779+6.211%MEXC0.2780+6.249%Phemex0.2782+6.344%ApeX Omni0.2784+6.402%BloFin0.2787+6.528%
Aster
BingX
KuCoin
Polymarket Perps
Pacifica
Binance
Orderly
SunX
Extended
Aevo
Hyperliquid
MEXC
Phemex
ApeX Omni
BloFinUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | −6.014% | −0.5000% | 1h | $3K | $18K | 5.5x | as long as short |
| HTX USELESS-USDT | −0.572% | +0.0100% | 4h | $21K | $307K | 20x | as long as short |
| OKX USELESS-USDT-SWAP | −0.396% | +0.0100% | 4h | $9.3M | $52.4M | 10x | as long as short |
| Variational Omni USELESS | −0.383% | +0.0487% | 4h | $1.2M | $1.6M | — | as long as short |
| Gate USELESS_USDT | −0.350% | +0.0100% | 4h | $6.4M | $5.8M | 50x | as long as short |
| Lighter USELESS | −0.335% | +0.0096% | 1h | $1.3M | $880K | 3x | as long as short |
| Bybit USELESSUSDT | −0.328% | +0.0342% | 4h | $27.0M | $34.7M | 13x | as long as short |
| Bitget USELESSUSDTshort | −0.314% | +0.0210% | 4h | $5.3M | $6.5M | 20x | |
| Aster USELESSUSDT | −0.296% | +0.0960% | 4h | $654K | $1.3M | 10x | as long as short |
| BingX USELESS-USDT | −0.278% | +0.0410% | 4h | — | $4.0M | — | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | −0.274% | +0.0100% | 4h | $5.0M | $6.8M | 12x | as long as short |
| Polymarket Perps USELESS-USD | −0.263% | +0.0100% | 1h | $38K | $165K | 3x | as long as short |
| Pacifica USELESS | −0.261% | +0.0100% | 1h | $27K | $103K | 3x | as long as short |
| Binance USELESSUSDT | −0.253% | +0.0427% | 4h | $23.4M | $85.0M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | −0.242% | +0.1028% | 4h | $19K | $1.4M | 10x | as long as short |
| SunX USELESS-USDT | −0.238% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Extended USELESS-USD | −0.234% | +0.0432% | 1h | $261K | $915K | 5x | as long as short |
| Aevo USELESS-PERP | −0.186% | +0.0192% | 1h | $10K | — | 3x | as long as short |
| Hyperliquid USELESS | −0.177% | +0.1192% | 1h | $12.3M | $13.6M | 3x | as long as short |
| MEXC USELESS_USDT | −0.141% | +0.0430% | 4h | $17.3M | $4.4M | 50x | as long as short |
| Phemex USELESSUSDT | −0.051% | +0.0413% | 4h | $508K | $1.3M | 20x | as long as short |
| edgeX USELESSUSDClong | 0.000% | +0.0417% | 4h | $21K | $184K | 10x | |
| ApeX Omni USELESSUSDT | +0.002% | +0.0100% | 1h | $36K | $684K | 25x | as long as short |
| BloFin USELESS-USDT | +0.121% | +0.0593% | 4h | $1.2M | $1.6M | 12x | as long as short |