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−$75
spread now−0.142%7d average−0.075%fees + slippage, in and out−$69spread needed0.686%
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.28850.0864pay 0.0108% / 1h42m 04s$13.9M$14.9M3x
ShortBingX USELESS-USDT0.28810.0430get 0.0215% / 4h2h 42m—$4.4M—

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
−$14.21
Funding while held
−$13.02
Slippage, 4 orders
−$49.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$95.88
Spread needed to break even
0.686%
Slippage from Hyperliquid: live order book, 2 min ago; BingX: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
−0.0434%
Per $10,000 a day
−$13.02
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, 2 min ago1.03 bp19.7 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago3.77 bp18.9 bp −$1942.0 bp −$420346.4 bp −$34.6Kdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2734cheapest
Gate0.2877+5.230%OKX0.2879+5.311%KuCoin0.2879+5.311%Bitget0.2879+5.318%Lighter0.2880+5.351%
BingX0.2881+5.366%
Extended0.2881+5.376%MEXC0.2881+5.380%Bybit0.2881+5.384%Pacifica0.2882+5.397%Binance0.2882+5.406%SunX0.2882+5.421%Orderly0.2883+5.454%Polymarket Perps0.2884+5.472%
Hyperliquid0.2885+5.516%
Aevo0.2885+5.532%HTX0.2886+5.556%Aster0.2886+5.566%Phemex0.2893+5.830%ApeX Omni0.2894+5.852%edgeX0.2896+5.937%BloFin0.2898+5.988%Variational Omni0.2898+6.015%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.227%−0.5000%1h$3K$16K5.5xas long as short
Gate USELESS_USDT−0.270%+0.0100%4h$6.8M$6.2M50xas long as short
OKX USELESS-USDT-SWAP−0.194%+0.0100%4h$9.8M$57.3M10xas long as short
KuCoin USELESSUSDTM−0.194%+0.0100%4h$5.2M$7.6M12xas long as short
Bitget USELESSUSDT−0.187%+0.0100%4h$5.4M$6.9M20xas long as short
Lighter USELESS−0.156%+0.0096%1h$1.3M$1.0M3xas long as short
BingX USELESS-USDTshort−0.142%+0.0430%4h—$4.4M—
Extended USELESS-USD−0.133%+0.0440%1h$269K$912K5xas long as short
MEXC USELESS_USDT−0.128%+0.0438%4h$18.6M$4.8M50xas long as short
Bybit USELESSUSDT−0.125%+0.0193%4h$28.3M$36.5M13xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica USELESS−0.112%+0.0100%1h$29K$93K3xas long as short
Binance USELESSUSDT−0.104%+0.0439%4h$24.5M$90.9M50xas long as short
SunX USELESS-USDT−0.090%+0.0100%4h—$1.3M10xas long as short
Orderly PERP_USELESS_USDC−0.059%+0.0970%4h$22K$1.4M10xas long as short
Polymarket Perps USELESS-USD−0.042%+0.0100%1h$28K$111K3xas long as short
Hyperliquid USELESSlong0.000%+0.0864%1h$13.9M$14.9M3x
Aevo USELESS-PERP+0.016%+0.0192%1h$10K—3xas long as short
HTX USELESS-USDT+0.038%+0.0100%4h$21K$330K20xas long as short
Aster USELESSUSDT+0.048%+0.1030%4h$675K$1.6M10xas long as short
Phemex USELESSUSDT+0.298%+0.0953%4h$535K$1.3M20xas long as short
ApeX Omni USELESSUSDT+0.319%+0.0100%1h$36K$695K25xas long as short
edgeX USELESSUSDC+0.400%+0.0448%4h$22K$186K10xas long as short
BloFin USELESS-USDT+0.447%+0.0415%4h$1.2M$1.7M12xas long as short
Variational Omni USELESS+0.473%+0.0377%4h$1.2M$1.5M—as long as short