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)+0.254%
7d average+0.091%if it closes, per $10,000$25funding while held, a day−$0.12
Long on HTXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.28720.0100pay 0.0050% / 4h54m 57s$20K$349K20x
ShortLighter USELESS0.28790.0096get 0.0012% / 1h54m 57s$1.3M$946K3x

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
$25.42
Funding while held
−$0.12
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$13.3
Spread needed to break even
0.120%
Slippage unknown: HTX: live order book, 39 min ago; Lighter: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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, 39 min ago57.03 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago6.41 bp11.5 bp −$1261.5 bp −$615doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni0.2867cheapest
HTX0.2872+0.171%
KuCoin0.2875+0.276%Gate0.2876+0.300%Pacifica0.2877+0.339%BloFin0.2878+0.380%Polymarket Perps0.2879+0.412%ApeX Omni0.2879+0.419%Aster0.2879+0.422%
Lighter0.2879+0.426%
Phemex0.2879+0.429%MEXC0.2880+0.440%Orderly0.2880+0.457%Aevo0.2880+0.462%SunX0.2880+0.468%Hyperliquid0.2881+0.478%BingX0.2882+0.534%Binance0.2886+0.665%Bybit0.2889+0.761%Extended0.2889+0.763%OKX0.2894+0.928%Bitget0.2895+0.966%edgeX0.2898+1.079%
Injective0.3047+6.272%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni USELESS−0.171%+0.0255%4h$1.2M$1.5M—as long as short
HTX USELESS-USDTlong0.000%+0.0100%4h$20K$349K20x
KuCoin USELESSUSDTM+0.104%+0.0100%4h$5.2M$8.2M12xas long as short
Gate USELESS_USDT+0.129%+0.0100%4h$6.9M$6.7M50xas long as short
Pacifica USELESS+0.167%+0.0100%1h$32K$76K3xas long as short
BloFin USELESS-USDT+0.209%+0.0390%4h$1.2M$1.8M12xas long as short
Polymarket Perps USELESS-USD+0.240%+0.0100%1h$27K$110K3xas long as short
ApeX Omni USELESSUSDT+0.247%+0.0100%1h$35K$691K25xas long as short
Aster USELESSUSDT+0.251%+0.0887%4h$665K$2.0M10xas long as short
Lighter USELESSshort+0.254%+0.0096%1h$1.3M$946K3x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.258%+0.0100%4h$544K$1.4M20xas long as short
MEXC USELESS_USDT+0.268%+0.0414%4h$19.7M$5.0M50xas long as short
Orderly PERP_USELESS_USDC+0.286%+0.0887%4h$22K$1.4M10xas long as short
Aevo USELESS-PERP+0.290%+0.0184%1h$10K—3xas long as short
SunX USELESS-USDT+0.296%+0.0100%4h—$1.3M10xas long as short
Hyperliquid USELESS+0.306%+0.0100%1h$13.4M$16.0M3xas long as short
BingX USELESS-USDT+0.362%+0.0400%4h—$4.5M—as long as short
Binance USELESSUSDT+0.493%+0.0404%4h$24.7M$95.9M50xas long as short
Bybit USELESSUSDT+0.588%+0.0160%4h$28.3M$37.7M13xas long as short
Extended USELESS-USD+0.591%+0.0408%1h$264K$920K5xas long as short
OKX USELESS-USDT-SWAP+0.756%+0.0100%4h$9.9M$59.6M10xas long as short
Bitget USELESSUSDT+0.794%+0.0160%4h$5.5M$7.3M20xas long as short
edgeX USELESSUSDC+0.907%+0.0411%4h$22K$186K10xas long as short
Injective USELESS/USDC PERP+6.090%+0.4654%1h$5K$14K5.5xas long as short