data as of
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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.226%
7d average+0.209%if it closes, per $10,000$23funding while held, a day+$10.32
Long on HTXShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.28430.0100pay 0.0050% / 4h3h 06m$21K$325K20x
ShortedgeX USELESSUSDC0.28500.0444get 0.0222% / 4h3h 06m$22K$184K10x

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
$22.59
Funding while held
$10.32
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$11.91
Spread needed to break even
0.210%
Slippage unknown: HTX: live order book, 37 min ago; edgeX: live order book, 37 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0344%
Per $10,000 a day
+$10.32
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 HTX live order book, 37 min ago48.91 bp586.2 bp −$586doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 37 min ago0.85 bp40.8 bp −$41doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2676cheapest
ApeX Omni0.2836+5.979%Variational Omni0.2842+6.197%
HTX0.2843+6.248%
Phemex0.2846+6.338%BloFin0.2846+6.345%SunX0.2848+6.428%Aevo0.2849+6.463%Orderly0.2849+6.469%
edgeX0.2850+6.488%
KuCoin0.2855+6.674%Gate0.2857+6.756%Pacifica0.2857+6.771%Bybit0.2860+6.880%Aster0.2861+6.913%Lighter0.2862+6.951%OKX0.2862+6.966%MEXC0.2863+6.988%Bitget0.2865+7.055%Extended0.2866+7.083%BingX0.2867+7.123%Hyperliquid0.2867+7.134%Binance0.2867+7.138%Polymarket Perps0.2868+7.179%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.881%−0.5000%1h$3K$18K5.5xas long as short
ApeX Omni USELESSUSDT−0.253%+0.0100%1h$34K$691K25xas long as short
Variational Omni USELESS−0.049%+0.0428%4h$1.2M$1.5M—as long as short
HTX USELESS-USDTlong0.000%+0.0100%4h$21K$325K20x
Phemex USELESSUSDT+0.084%+0.0100%4h$513K$1.3M20xas long as short
BloFin USELESS-USDT+0.091%+0.0554%4h$1.2M$1.7M12xas long as short
SunX USELESS-USDT+0.169%+0.0100%4h—$1.3M10xas long as short
Aevo USELESS-PERP+0.202%+0.0192%1h$10K—3xas long as short
Orderly PERP_USELESS_USDC+0.208%+0.0968%4h$22K$1.4M10xas long as short
edgeX USELESSUSDCshort+0.226%+0.0444%4h$22K$184K10x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin USELESSUSDTM+0.401%+0.0100%4h$5.1M$7.4M12xas long as short
Gate USELESS_USDT+0.478%+0.0100%4h$6.7M$6.2M50xas long as short
Pacifica USELESS+0.492%+0.0100%1h$28K$93K3xas long as short
Bybit USELESSUSDT+0.594%+0.0359%4h$28.1M$36.4M13xas long as short
Aster USELESSUSDT+0.626%+0.1020%4h$660K$1.5M10xas long as short
Lighter USELESS+0.661%+0.0096%1h$1.3M$1.0M3xas long as short
OKX USELESS-USDT-SWAP+0.675%+0.0100%4h$9.7M$56.3M10xas long as short
MEXC USELESS_USDT+0.696%+0.0442%4h$18.3M$4.8M50xas long as short
Bitget USELESSUSDT+0.760%+0.0134%4h$5.4M$6.8M20xas long as short
Extended USELESS-USD+0.785%+0.0440%1h$267K$912K5xas long as short
BingX USELESS-USDT+0.823%+0.0432%4h—$4.3M—as long as short
Hyperliquid USELESS+0.834%+0.1047%1h$13.6M$14.5M3xas long as short
Binance USELESSUSDT+0.838%+0.0443%4h$24.3M$89.7M50xas long as short
Polymarket Perps USELESS-USD+0.876%+0.0792%1h$32K$107K3xas long as short