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−$376
spread now−0.075%7d average+0.067%fees + slippage, in and out−$361spread needed3.615%
Long on ExtendedShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended USELESS-USD0.29070.0400pay 0.0050% / 1h23m 06s$271K$915K5x
ShortPhemex USELESSUSDT0.29050.0276get 0.0138% / 4h2h 23m$532K$1.2M20x

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
−$7.51
Funding while held
−$3.72
Slippage, 4 orders
−$344.48
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$372.71
Spread needed to break even
3.615%
Slippage from Extended: live order book, 16 min ago; Phemex: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0124%
Per $10,000 a day
−$3.72
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 Extended live order book, 16 min ago79.76 bp96.8 bp −$97384.9 bp −$3,849doesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago22.72 bp60.0 bp −$60doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.2892cheapestApeX Omni0.2894+0.083%Pacifica0.2899+0.262%Aster0.2901+0.329%SunX0.2903+0.397%Variational Omni0.2904+0.439%Gate0.2904+0.442%Polymarket Perps0.2905+0.463%
Phemex0.2905+0.470%
KuCoin0.2906+0.484%
Extended0.2907+0.545%
Orderly0.2908+0.556%Aevo0.2908+0.568%OKX0.2909+0.594%BloFin0.2910+0.629%Lighter0.2910+0.639%Binance0.2910+0.645%HTX0.2910+0.650%Bitget0.2911+0.660%BingX0.2911+0.671%Bybit0.2911+0.677%MEXC0.2912+0.702%Hyperliquid0.2915+0.804%Injective0.2937+1.573%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX USELESSUSDC−0.543%+0.0406%4h$22K$185K10xas long as short
ApeX Omni USELESSUSDT−0.460%+0.0100%1h$35K$694K25xas long as short
Pacifica USELESS−0.281%+0.0100%1h$29K$74K3xas long as short
Aster USELESSUSDT−0.215%+0.0965%4h$706K$1.7M10xas long as short
SunX USELESS-USDT−0.147%+0.0100%4h—$1.3M10xas long as short
Variational Omni USELESS−0.106%+0.0315%4h$1.2M$1.5M—as long as short
Gate USELESS_USDT−0.103%+0.0100%4h$6.9M$6.4M50xas long as short
Polymarket Perps USELESS-USD−0.082%+0.0100%1h$28K$114K3xas long as short
Phemex USELESSUSDTshort−0.075%+0.0276%4h$532K$1.2M20x
KuCoin USELESSUSDTM−0.061%+0.0100%4h$5.3M$7.7M12xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended USELESS-USDlong0.000%+0.0400%1h$271K$915K5x
Orderly PERP_USELESS_USDC+0.011%+0.0935%4h$22K$1.4M10xas long as short
Aevo USELESS-PERP+0.022%+0.0184%1h$10K—3xas long as short
OKX USELESS-USDT-SWAP+0.049%+0.0100%4h$10.0M$58.4M10xas long as short
BloFin USELESS-USDT+0.083%+0.0366%4h$1.2M$1.7M12xas long as short
Lighter USELESS+0.093%+0.0096%1h$1.3M$1.0M3xas long as short
Binance USELESSUSDT+0.099%+0.0399%4h$24.7M$92.0M50xas long as short
HTX USELESS-USDT+0.104%+0.0100%4h$21K$336K20xas long as short
Bitget USELESSUSDT+0.114%+0.0100%4h$5.5M$6.9M20xas long as short
BingX USELESS-USDT+0.124%+0.0396%4h—$4.4M—as long as short
Bybit USELESSUSDT+0.131%+0.0169%4h$28.6M$36.9M13xas long as short
MEXC USELESS_USDT+0.155%+0.0402%4h$19.0M$4.9M50xas long as short
Hyperliquid USELESS+0.257%+0.0915%1h$14.2M$15.2M3xas long as short
Injective USELESS/USDC PERP+1.022%−0.5000%1h$855$20K5.5xas long as short