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−$17
spread now+0.549%7d average−0.030%fees + slippage, in and out−$75spread needed0.747%
Long on HyperliquidShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.27690.1164pay 0.0145% / 1h15m 38s$12.2M$13.6M3x
ShortApeX Omni USELESSUSDT0.27840.0100get 0.0013% / 1h15m 38s$36K$684K25x

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
$54.9
Funding while held
−$31.91
Slippage, 4 orders
−$55.67
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$51.68
Spread needed to break even
0.747%
Slippage from Hyperliquid: live order book, 9 min ago; ApeX Omni: live order book, 34 min ago.

Cost of waiting

funding view
Funding /8h
−0.1064%
Per $10,000 a day
−$31.91
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 Hyperliquid live order book, 9 min ago1.43 bp21.8 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 34 min ago8.90 bp17.8 bp −$18123.9 bp −$1,239doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2607cheapest
Lighter0.2765+6.041%Extended0.2766+6.065%MEXC0.2767+6.106%KuCoin0.2767+6.110%Gate0.2767+6.121%Pacifica0.2767+6.123%Bitget0.2768+6.167%
Hyperliquid0.2769+6.190%
Aster0.2770+6.246%Binance0.2771+6.286%OKX0.2773+6.347%Variational Omni0.2773+6.354%Bybit0.2773+6.359%BingX0.2773+6.366%SunX0.2776+6.474%Orderly0.2776+6.482%HTX0.2776+6.482%edgeX0.2777+6.489%BloFin0.2777+6.501%Polymarket Perps0.2778+6.554%Phemex0.2781+6.673%
ApeX Omni0.2784+6.773%
Aevo0.2788+6.908%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.829%−0.5000%1h$3K$18K5.5xas long as short
Lighter USELESS−0.141%+0.0096%1h$1.3M$880K3xas long as short
Extended USELESS-USD−0.118%+0.0424%1h$261K$915K5xas long as short
MEXC USELESS_USDT−0.079%+0.0424%4h$17.2M$4.4M50xas long as short
KuCoin USELESSUSDTM−0.076%+0.0100%4h$5.0M$6.8M12xas long as short
Gate USELESS_USDT−0.065%+0.0100%4h$6.4M$5.9M50xas long as short
Pacifica USELESS−0.063%+0.0100%1h$27K$103K3xas long as short
Bitget USELESSUSDT−0.022%+0.0204%4h$5.3M$6.5M20xas long as short
Hyperliquid USELESSlong0.000%+0.1164%1h$12.2M$13.6M3x
Aster USELESSUSDT+0.053%+0.0957%4h$653K$1.3M10xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance USELESSUSDT+0.091%+0.0418%4h$23.4M$85.1M50xas long as short
OKX USELESS-USDT-SWAP+0.148%+0.0100%4h$9.3M$52.3M10xas long as short
Variational Omni USELESS+0.154%+0.0453%4h$1.2M$1.6M—as long as short
Bybit USELESSUSDT+0.159%+0.0318%4h$27.0M$34.7M13xas long as short
BingX USELESS-USDT+0.166%+0.0410%4h—$4.0M—as long as short
SunX USELESS-USDT+0.267%+0.0100%4h—$1.3M10xas long as short
Orderly PERP_USELESS_USDC+0.274%+0.1020%4h$19K$1.4M10xas long as short
HTX USELESS-USDT+0.274%+0.0100%4h$21K$308K20xas long as short
edgeX USELESSUSDC+0.281%+0.0425%4h$21K$184K10xas long as short
BloFin USELESS-USDT+0.293%+0.0595%4h$1.2M$1.6M12xas long as short
Polymarket Perps USELESS-USD+0.343%+0.0100%1h$38K$165K3xas long as short
Phemex USELESSUSDT+0.455%+0.0438%4h$506K$1.3M20xas long as short
ApeX Omni USELESSUSDTshort+0.549%+0.0100%1h$36K$684K25x
Aevo USELESS-PERP+0.676%+0.0192%1h$10K—3xas long as short