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−$127
spread now−0.139%7d average+0.017%fees + slippage, in and out−$111spread needed1.115%
Long on KuCoinShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USELESSUSDTM0.27960.0100pay 0.0050% / 4h51m 22s$5.0M$6.5M12x
ShortLighter USELESS0.27920.0096get 0.0012% / 1h51m 22s$1.3M$773K3x

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
−$13.95
Funding while held
−$0.12
Slippage, 4 orders
−$99.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$125.53
Spread needed to break even
1.115%
Slippage from KuCoin: live order book, 3 min ago; Lighter: live order book, 1 min ago.

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 KuCoin live order book, 3 min ago3.08 bp39.1 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago4.49 bp28.5 bp −$2988.3 bp −$883doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2751cheapestVariational Omni0.2754+0.123%edgeX0.2776+0.898%HTX0.2779+1.007%BloFin0.2779+1.025%Aevo0.2782+1.127%SunX0.2782+1.138%Pacifica0.2785+1.238%Phemex0.2785+1.247%Gate0.2788+1.356%
Lighter0.2792+1.487%
OKX0.2793+1.527%Extended0.2794+1.559%Bybit0.2795+1.589%Aster0.2795+1.616%
KuCoin0.2796+1.628%
Orderly0.2797+1.654%Binance0.2798+1.716%BingX0.2799+1.730%MEXC0.2799+1.763%Bitget0.2799+1.763%Polymarket Perps0.2800+1.774%Hyperliquid0.2801+1.825%
Injective0.3030+10.145%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−1.602%+0.0100%1h$41K$679K25xas long as short
Variational Omni USELESS−1.482%+0.0600%4h$1.2M$1.5M—as long as short
edgeX USELESSUSDC−0.719%+0.0411%4h$21K$183K10xas long as short
HTX USELESS-USDT−0.612%+0.0100%4h$21K$301K20xas long as short
BloFin USELESS-USDT−0.594%+0.0690%4h$1.2M$1.6M12xas long as short
Aevo USELESS-PERP−0.494%+0.0184%1h$10K—3xas long as short
SunX USELESS-USDT−0.483%+0.0100%4h—$1.3M10xas long as short
Pacifica USELESS−0.385%+0.0100%1h$28K$103K3xas long as short
Phemex USELESSUSDT−0.376%+0.0100%4h$504K$1.4M20xas long as short
Gate USELESS_USDT−0.268%+0.0100%4h$6.4M$5.5M50xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter USELESSshort−0.139%+0.0096%1h$1.3M$773K3x
OKX USELESS-USDT-SWAP−0.100%+0.0100%4h$9.4M$51.4M10xas long as short
Extended USELESS-USD−0.069%+0.0432%1h$262K$915K5xas long as short
Bybit USELESSUSDT−0.039%+0.0450%4h$27.0M$33.2M13xas long as short
Aster USELESSUSDT−0.012%+0.0904%4h$609K$1.2M10xas long as short
KuCoin USELESSUSDTMlong0.000%+0.0100%4h$5.0M$6.5M12x
Orderly PERP_USELESS_USDC+0.025%+0.1086%4h$18K$1.4M10xas long as short
Binance USELESSUSDT+0.086%+0.0430%4h$23.6M$82.7M50xas long as short
BingX USELESS-USDT+0.100%+0.0472%4h—$3.9M—as long as short
MEXC USELESS_USDT+0.132%+0.0430%4h$17.0M$4.2M50xas long as short
Bitget USELESSUSDT+0.132%+0.0230%4h$5.3M$6.2M20xas long as short
Polymarket Perps USELESS-USD+0.143%−0.2158%1h$54K$167K3xas long as short
Hyperliquid USELESS+0.193%+0.0997%1h$12.1M$13.0M3xas long as short
Injective USELESS/USDC PERP+8.380%−0.5000%1h$3K$18K5.5xas long as short