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−$248
spread now−0.078%7d average+0.194%fees + slippage, in and out−$221spread needed2.212%
Long on ExtendedShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended USELESS-USD0.28900.0424pay 0.0053% / 1h33m 42s$269K$912K5x
ShortPolymarket Perps USELESS-USD0.28880.0100get 0.0013% / 1h33m 42s$28K$113K3x

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
−$7.84
Funding while held
−$9.72
Slippage, 4 orders
−$208.21
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$238.77
Spread needed to break even
2.212%
Slippage from Extended: live order book, 6 min ago; Polymarket Perps: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0324%
Per $10,000 a day
−$9.72
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, 6 min ago79.76 bp96.8 bp −$97384.9 bp −$3,849doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 11 min ago3.28 bp14.0 bp −$14doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.2884cheapestBloFin0.2885+0.035%
Polymarket Perps0.2888+0.146%
Aster0.2888+0.152%Orderly0.2888+0.156%Pacifica0.2889+0.184%Gate0.2890+0.208%
Extended0.2890+0.224%
Aevo0.2890+0.231%Variational Omni0.2890+0.231%edgeX0.2891+0.246%Lighter0.2891+0.246%SunX0.2892+0.274%OKX0.2892+0.277%KuCoin0.2892+0.277%Bitget0.2893+0.340%Binance0.2894+0.356%Bybit0.2894+0.361%MEXC0.2894+0.378%Hyperliquid0.2897+0.461%BingX0.2897+0.465%ApeX Omni0.2898+0.499%Phemex0.2901+0.593%Injective0.2937+1.855%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT−0.224%+0.0100%4h$21K$332K20xas long as short
BloFin USELESS-USDT−0.189%+0.0362%4h$1.2M$1.7M12xas long as short
Polymarket Perps USELESS-USDshort−0.078%+0.0100%1h$28K$113K3x
Aster USELESSUSDT−0.072%+0.0984%4h$673K$1.6M10xas long as short
Orderly PERP_USELESS_USDC−0.068%+0.0951%4h$22K$1.4M10xas long as short
Pacifica USELESS−0.040%+0.0100%1h$29K$83K3xas long as short
Gate USELESS_USDT−0.016%+0.0100%4h$6.8M$6.3M50xas long as short
Extended USELESS-USDlong0.000%+0.0424%1h$269K$912K5x
Aevo USELESS-PERP+0.006%+0.0184%1h$10K—3xas long as short
Variational Omni USELESS+0.007%+0.0328%4h$1.2M$1.5M—as long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX USELESSUSDC+0.022%+0.0419%4h$22K$185K10xas long as short
Lighter USELESS+0.022%+0.0096%1h$1.3M$1.0M3xas long as short
SunX USELESS-USDT+0.050%+0.0100%4h—$1.3M10xas long as short
OKX USELESS-USDT-SWAP+0.053%+0.0100%4h$9.9M$57.9M10xas long as short
KuCoin USELESSUSDTM+0.053%+0.0100%4h$5.2M$7.6M12xas long as short
Bitget USELESSUSDT+0.115%+0.0100%4h$5.5M$6.9M20xas long as short
Binance USELESSUSDT+0.132%+0.0419%4h$24.6M$91.8M50xas long as short
Bybit USELESSUSDT+0.136%+0.0119%4h$28.4M$36.9M13xas long as short
MEXC USELESS_USDT+0.153%+0.0424%4h$18.9M$4.8M50xas long as short
Hyperliquid USELESS+0.236%+0.0873%1h$14.1M$15.2M3xas long as short
BingX USELESS-USDT+0.240%+0.0412%4h—$4.4M—as long as short
ApeX Omni USELESSUSDT+0.275%+0.0100%1h$36K$694K25xas long as short
Phemex USELESSUSDT+0.368%+0.0626%4h$533K$1.3M20xas long as short
Injective USELESS/USDC PERP+1.627%−0.5000%1h$855$20K5.5xas long as short