Spread before costs (cost unknown: a leg has no order-book sample)−3.299%
7d average—if it closes, per $10,000$330funding while held, a day+$154.08
| 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 | 57m 04s | $855 | $14K | 5.5x |
| Short | Bitget USELESSUSDT | 0.2840 | 0.0136 | get 0.0068% / 4h | 1h 57m | $5.4M | $7.1M | 20x |
Injective USELESS/USDC PERP
Bitget USELESSUSDTPrice 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
- −$329.92
- Funding while held
- $154.08
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$187.86
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.5136%
- Per $10,000 a day
- +$154.08
- 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 Bitget live order book, 3 min ago | 4.37 bp | 27.8 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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.HTX0.2835cheapestExtended0.2839+0.150%Binance0.2840+0.165%BingX0.2840+0.169%OKX0.2840+0.176%
HTX
Extended
Binance
BingX
OKXBitget0.2840+0.176%
Lighter0.2840+0.180%MEXC0.2840+0.183%Gate0.2841+0.187%KuCoin0.2841+0.190%Aster0.2841+0.206%Hyperliquid0.2842+0.226%Orderly0.2842+0.229%ApeX Omni0.2842+0.240%Bybit0.2842+0.243%Phemex0.2842+0.247%Polymarket Perps0.2843+0.275%Variational Omni0.2845+0.350%Aevo0.2845+0.358%BloFin0.2846+0.367%Pacifica0.2846+0.395%SunX0.2848+0.462%edgeX0.2857+0.781%
Lighter
MEXC
Gate
KuCoin
Aster
Hyperliquid
Orderly
ApeX Omni
Bybit
Phemex
Polymarket Perps
Variational Omni
Aevo
BloFin
Pacifica
SunXInjective0.2937+3.594%
USELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX USELESS-USDT | −3.469% | +0.0100% | 4h | $21K | $339K | 20x | as long as short |
| Extended USELESS-USD | −3.324% | +0.0392% | 1h | $265K | $915K | 5x | as long as short |
| Binance USELESSUSDT | −3.310% | +0.0389% | 4h | $24.1M | $93.7M | 50x | as long as short |
| BingX USELESS-USDT | −3.306% | +0.0390% | 4h | — | $4.4M | — | as long as short |
| OKX USELESS-USDT-SWAP | −3.299% | +0.0100% | 4h | $9.6M | $58.0M | 10x | as long as short |
| Bitget USELESSUSDTshort | −3.299% | +0.0136% | 4h | $5.4M | $7.1M | 20x | |
| Lighter USELESS | −3.296% | +0.0096% | 1h | $1.3M | $919K | 3x | as long as short |
| MEXC USELESS_USDT | −3.292% | +0.0388% | 4h | $18.7M | $4.9M | 50x | as long as short |
| Gate USELESS_USDT | −3.289% | +0.0100% | 4h | $6.8M | $6.4M | 50x | as long as short |
| KuCoin USELESSUSDTM | −3.286% | +0.0100% | 4h | $5.1M | $7.9M | 12x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster USELESSUSDT | −3.270% | +0.0888% | 4h | $591K | $1.8M | 10x | as long as short |
| Hyperliquid USELESS | −3.252% | +0.0751% | 1h | $13.8M | $15.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | −3.248% | +0.0916% | 4h | $22K | $1.4M | 10x | as long as short |
| ApeX Omni USELESSUSDT | −3.238% | +0.0100% | 1h | $35K | $695K | 25x | as long as short |
| Bybit USELESSUSDT | −3.234% | +0.0212% | 4h | $27.8M | $37.5M | 13x | as long as short |
| Phemex USELESSUSDT | −3.231% | +0.0100% | 4h | $512K | $1.3M | 20x | as long as short |
| Polymarket Perps USELESS-USD | −3.204% | +0.0100% | 1h | $27K | $117K | 3x | as long as short |
| Variational Omni USELESS | −3.132% | +0.0314% | 4h | $1.2M | $1.6M | — | as long as short |
| Aevo USELESS-PERP | −3.124% | +0.0176% | 1h | $10K | — | 3x | as long as short |
| BloFin USELESS-USDT | −3.115% | +0.0465% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Pacifica USELESS | −3.088% | +0.0100% | 1h | $32K | $76K | 3x | as long as short |
| SunX USELESS-USDT | −3.023% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| edgeX USELESSUSDC | −2.715% | +0.0362% | 4h | $22K | $185K | 10x | as long as short |
| Injective USELESS/USDC PERPlong | 0.000% | −0.5000% | 1h | $855 | $14K | 5.5x |