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−$107
spread now+0.981%7d average−0.092%fees + slippage, in and out−$214spread needed2.139%
Long on edgeXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX USELESSUSDC0.28530.0359pay 0.0180% / 4h1h 29m$22K$187K10x
ShortLighter USELESS0.28810.0096get 0.0012% / 1h29m 01s$1.3M$945K3x

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
$98.07
Funding while held
−$7.9
Slippage, 4 orders
−$204.92
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$123.74
Spread needed to break even
2.139%
Slippage from edgeX: live order book, 4 min ago; Lighter: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0263%
Per $10,000 a day
−$7.90
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 edgeX live order book, 4 min ago1.05 bp87.7 bp −$88doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago5.10 bp16.4 bp −$1665.8 bp −$658doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2833cheapestVariational Omni0.2844+0.384%
edgeX0.2853+0.707%
HTX0.2871+1.341%Pacifica0.2878+1.599%Gate0.2879+1.613%
Lighter0.2881+1.694%
Bitget0.2881+1.708%BingX0.2881+1.708%Hyperliquid0.2883+1.768%Binance0.2883+1.772%OKX0.2883+1.772%BloFin0.2885+1.821%KuCoin0.2885+1.836%Extended0.2886+1.860%Bybit0.2886+1.867%Phemex0.2886+1.871%Aster0.2887+1.913%Aevo0.2888+1.934%Orderly0.2888+1.948%Polymarket Perps0.2889+1.963%MEXC0.2889+1.977%SunX0.2890+2.023%Injective0.2937+3.675%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−0.702%+0.0100%1h$35K$694K25xas long as short
Variational Omni USELESS−0.320%+0.0349%4h$1.2M$1.5M—as long as short
edgeX USELESSUSDClong0.000%+0.0359%4h$22K$187K10x
HTX USELESS-USDT+0.630%+0.0100%4h$21K$340K20xas long as short
Pacifica USELESS+0.886%+0.0100%1h$32K$76K3xas long as short
Gate USELESS_USDT+0.900%+0.0100%4h$6.9M$6.5M50xas long as short
Lighter USELESSshort+0.981%+0.0096%1h$1.3M$945K3x
Bitget USELESSUSDT+0.995%+0.0180%4h$5.5M$7.1M20xas long as short
BingX USELESS-USDT+0.995%+0.0378%4h—$4.4M—as long as short
Hyperliquid USELESS+1.054%+0.0755%1h$14.0M$15.6M3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance USELESSUSDT+1.058%+0.0392%4h$24.5M$93.6M50xas long as short
OKX USELESS-USDT-SWAP+1.058%+0.0100%4h$9.9M$58.5M10xas long as short
BloFin USELESS-USDT+1.107%+0.0577%4h$1.2M$1.8M12xas long as short
KuCoin USELESSUSDTM+1.121%+0.0100%4h$5.2M$8.0M12xas long as short
Extended USELESS-USD+1.146%+0.0392%1h$264K$920K5xas long as short
Bybit USELESSUSDT+1.152%+0.0323%4h$28.2M$37.3M13xas long as short
Phemex USELESSUSDT+1.156%+0.0100%4h$534K$1.3M20xas long as short
Aster USELESSUSDT+1.198%+0.0873%4h$599K$1.9M10xas long as short
Aevo USELESS-PERP+1.219%+0.0176%1h$10K—3xas long as short
Orderly PERP_USELESS_USDC+1.233%+0.0908%4h$22K$1.4M10xas long as short
Polymarket Perps USELESS-USD+1.247%+0.0100%1h$27K$120K3xas long as short
MEXC USELESS_USDT+1.261%+0.0378%4h$19.2M$5.0M50xas long as short
SunX USELESS-USDT+1.307%+0.0100%4h—$1.3M10xas long as short
Injective USELESS/USDC PERP+2.947%−0.5000%1h$855$14K5.5xas long as short