Spread before costs (cost unknown: a leg has no order-book sample)−3.112%
7d average—if it closes, per $10,000$311funding while held, a day+$155.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USELESS/USDC PERP | 0.2937 | −0.5000 | get 0.0625% / 1h | 42m 12s | $855 | $14K | 5.5x |
| Short | Aevo USELESS-PERP | 0.2846 | 0.0176 | get 0.0022% / 1h | 42m 12s | $10K | — | 3x |
Injective USELESS/USDC PERP
Aevo USELESS-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$311.19
- Funding while held
- $155.28
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$171.93
- Spread needed to break even
- 0.160%
Slippage unknown: Injective: no order-book sample; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.5176%
- Per $10,000 a day
- +$155.28
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Injective and Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USELESS price on every exchange
against the cheapest. Click to use as the short leg.HTX0.2823cheapestApeX Omni0.2833+0.354%OKX0.2839+0.581%Bitget0.2842+0.666%Lighter0.2842+0.687%Extended0.2843+0.704%Bybit0.2843+0.708%KuCoin0.2843+0.708%Binance0.2844+0.736%Phemex0.2844+0.740%BingX0.2844+0.744%Orderly0.2844+0.758%Hyperliquid0.2845+0.765%MEXC0.2845+0.765%Variational Omni0.2845+0.769%SunX0.2845+0.786%
HTX
ApeX Omni
OKX
Bitget
Lighter
Extended
Bybit
KuCoin
Binance
Phemex
BingX
Orderly
Hyperliquid
MEXC
Variational Omni
SunXAevo0.2846+0.804%
edgeX0.2846+0.821%Polymarket Perps0.2847+0.840%Pacifica0.2847+0.852%Aster0.2848+0.876%Gate0.2852+1.020%BloFin0.2852+1.034%
Polymarket Perps
Pacifica
Aster
Gate
BloFinInjective0.2937+4.042%
USELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX USELESS-USDT | −3.885% | +0.0100% | 4h | $20K | $337K | 20x | as long as short |
| ApeX Omni USELESSUSDT | −3.544% | +0.0100% | 1h | $35K | $695K | 25x | as long as short |
| OKX USELESS-USDT-SWAP | −3.326% | +0.0100% | 4h | $9.7M | $57.6M | 10x | as long as short |
| Bitget USELESSUSDT | −3.245% | +0.0162% | 4h | $5.4M | $7.1M | 20x | as long as short |
| Lighter USELESS | −3.224% | +0.0096% | 1h | $1.3M | $944K | 3x | as long as short |
| Extended USELESS-USD | −3.208% | +0.0384% | 1h | $261K | $921K | 5x | as long as short |
| Bybit USELESSUSDT | −3.204% | +0.0368% | 4h | $27.8M | $37.3M | 13x | as long as short |
| KuCoin USELESSUSDTM | −3.204% | +0.0100% | 4h | $5.1M | $7.9M | 12x | as long as short |
| Binance USELESSUSDT | −3.178% | +0.0380% | 4h | $24.1M | $93.6M | 50x | as long as short |
| Phemex USELESSUSDT | −3.173% | +0.0100% | 4h | $519K | $1.2M | 20x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX USELESS-USDT | −3.170% | +0.0391% | 4h | — | $4.4M | — | as long as short |
| Orderly PERP_USELESS_USDC | −3.156% | +0.0908% | 4h | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | −3.149% | +0.0718% | 1h | $13.8M | $15.7M | 3x | as long as short |
| MEXC USELESS_USDT | −3.149% | +0.0378% | 4h | $18.8M | $4.9M | 50x | as long as short |
| Variational Omni USELESS | −3.145% | +0.0370% | 4h | $1.2M | $1.5M | — | as long as short |
| SunX USELESS-USDT | −3.129% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Aevo USELESS-PERPshort | −3.112% | +0.0176% | 1h | $10K | — | 3x | |
| edgeX USELESSUSDC | −3.096% | +0.0365% | 4h | $22K | $187K | 10x | as long as short |
| Polymarket Perps USELESS-USD | −3.078% | +0.0100% | 1h | $27K | $119K | 3x | as long as short |
| Pacifica USELESS | −3.066% | +0.0100% | 1h | $32K | $76K | 3x | as long as short |
| Aster USELESSUSDT | −3.043% | +0.0867% | 4h | $591K | $1.8M | 10x | as long as short |
| Gate USELESS_USDT | −2.904% | +0.0100% | 4h | $6.8M | $6.5M | 50x | as long as short |
| BloFin USELESS-USDT | −2.891% | +0.0627% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Injective USELESS/USDC PERPlong | 0.000% | −0.5000% | 1h | $855 | $14K | 5.5x |