data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

USELESS

all USELESS markets
SwapFunding view
Alert
My alerts

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−$12
spread now+0.586%7d average+0.086%fees + slippage, in and out−$62spread needed0.616%
Long on LighterShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.27990.0096pay 0.0012% / 1h35m 32s$1.3M$822K3x
ShortBloFin USELESS-USDT0.28160.1070get 0.0535% / 4h2h 35m$1.2M$1.5M12x

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
$58.59
Funding while held
$29.22
Slippage, 4 orders
−$49.63
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$26.18
Spread needed to break even
0.616%
Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0974%
Per $10,000 a day
+$29.22
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 Lighter live order book, 2 min ago3.02 bp13.3 bp −$1356.4 bp −$564doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago4.11 bp14.5 bp −$1434.4 bp −$344doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2637cheapest
ApeX Omni0.2786+5.654%Extended0.2799+6.139%Polymarket Perps0.2799+6.144%Pacifica0.2799+6.151%
Lighter0.2799+6.155%
KuCoin0.2799+6.159%Aster0.2800+6.178%MEXC0.2800+6.193%Bitget0.2800+6.200%Gate0.2801+6.204%Aevo0.2801+6.225%Hyperliquid0.2801+6.238%SunX0.2802+6.269%OKX0.2802+6.273%Binance0.2802+6.275%Bybit0.2803+6.295%BingX0.2805+6.367%Orderly0.2806+6.409%Phemex0.2811+6.591%Variational Omni0.2813+6.662%edgeX0.2813+6.668%
BloFin0.2816+6.777%
HTX0.2821+6.967%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.798%−0.5000%1h$3K$25K5.5xas long as short
ApeX Omni USELESSUSDT−0.472%+0.0100%1h$42K$671K25xas long as short
Extended USELESS-USD−0.015%+0.0560%1h$263K$911K5xas long as short
Polymarket Perps USELESS-USD−0.011%+0.0100%1h$54K$201K3xas long as short
Pacifica USELESS−0.004%+0.0100%1h$26K$101K3xas long as short
Lighter USELESSlong0.000%+0.0096%1h$1.3M$822K3x
KuCoin USELESSUSDTM+0.004%+0.0100%4h$5.1M$5.7M12xas long as short
Aster USELESSUSDT+0.021%+0.0918%4h$580K$1.1M10xas long as short
MEXC USELESS_USDT+0.036%+0.0562%4h$16.6M$4.1M50xas long as short
Bitget USELESSUSDT+0.043%+0.0232%4h$5.3M$5.7M20xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate USELESS_USDT+0.046%+0.0100%4h$6.4M$5.0M50xas long as short
Aevo USELESS-PERP+0.066%+0.0216%1h$10K—3xas long as short
Hyperliquid USELESS+0.079%+0.0238%1h$12.4M$12.5M3xas long as short
SunX USELESS-USDT+0.107%+0.0100%4h—$1.2M10xas long as short
OKX USELESS-USDT-SWAP+0.111%+0.0100%4h$9.5M$49.6M10xas long as short
Binance USELESSUSDT+0.113%+0.0568%4h$23.9M$78.4M50xas long as short
Bybit USELESSUSDT+0.132%+0.0973%4h$27.5M$30.9M13xas long as short
BingX USELESS-USDT+0.200%+0.0774%4h—$3.7M—as long as short
Orderly PERP_USELESS_USDC+0.239%+0.1120%4h$18K$1.4M10xas long as short
Phemex USELESSUSDT+0.411%+0.0100%4h$496K$1.3M20xas long as short
Variational Omni USELESS+0.478%+0.0839%4h$1.2M$1.3M—as long as short
edgeX USELESSUSDC+0.483%+0.0526%4h$22K$182K10xas long as short
BloFin USELESS-USDTshort+0.586%+0.1070%4h$1.2M$1.5M12x
HTX USELESS-USDT+0.765%+0.0100%4h$21K$275K20xas long as short