data as of
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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−$346
spread now−1.057%7d average+0.113%fees + slippage, in and out−$229spread needed2.287%
Long on LighterShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.29230.0096pay 0.0012% / 1h22m 11s$1.3M$1.0M3x
ShortedgeX USELESSUSDC0.28920.0406get 0.0203% / 4h2h 22m$22K$185K10x

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
−$105.7
Funding while held
$9.31
Slippage, 4 orders
−$219.71
Fee Lighter: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$325.1
Spread needed to break even
2.287%
Slippage from Lighter: live order book, 10 min ago; edgeX: live order book, 16 min ago.

Cost of waiting

funding view
Funding /8h
+0.0310%
Per $10,000 a day
+$9.31
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, 10 min ago2.95 bp23.3 bp −$2350.4 bp −$504doesn't fitdoesn't fit
Sell edgeX live order book, 16 min ago3.10 bp123.8 bp −$124doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.2892cheapest
ApeX Omni0.2894+0.083%Variational Omni0.2904+0.439%BloFin0.2910+0.629%Pacifica0.2910+0.643%Gate0.2913+0.729%HTX0.2914+0.767%Aster0.2917+0.862%OKX0.2919+0.940%Polymarket Perps0.2920+0.968%Bitget0.2922+1.054%SunX0.2922+1.065%
Lighter0.2923+1.068%
KuCoin0.2923+1.075%Bybit0.2923+1.079%Orderly0.2923+1.079%Binance0.2923+1.086%BingX0.2924+1.117%Hyperliquid0.2924+1.127%MEXC0.2924+1.127%Extended0.2925+1.143%Phemex0.2926+1.179%Injective0.2937+1.573%Aevo0.2937+1.580%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX USELESSUSDCshort−1.057%+0.0406%4h$22K$185K10x
ApeX Omni USELESSUSDT−0.975%+0.0100%1h$35K$694K25xas long as short
Variational Omni USELESS−0.622%+0.0315%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT−0.435%+0.0366%4h$1.2M$1.7M12xas long as short
Pacifica USELESS−0.421%+0.0100%1h$29K$74K3xas long as short
Gate USELESS_USDT−0.335%+0.0100%4h$6.9M$6.4M50xas long as short
HTX USELESS-USDT−0.298%+0.0100%4h$21K$336K20xas long as short
Aster USELESSUSDT−0.204%+0.0977%4h$710K$1.7M10xas long as short
OKX USELESS-USDT-SWAP−0.127%+0.0100%4h$10.0M$58.7M10xas long as short
Polymarket Perps USELESS-USD−0.099%+0.0100%1h$28K$114K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget USELESSUSDT−0.014%+0.0100%4h$5.5M$7.0M20xas long as short
SunX USELESS-USDT−0.003%+0.0100%4h—$1.3M10xas long as short
Lighter USELESSlong0.000%+0.0096%1h$1.3M$1.0M3x
KuCoin USELESSUSDTM+0.007%+0.0100%4h$5.3M$7.7M12xas long as short
Bybit USELESSUSDT+0.010%+0.0182%4h$28.8M$36.9M13xas long as short
Orderly PERP_USELESS_USDC+0.010%+0.0937%4h$22K$1.4M10xas long as short
Binance USELESSUSDT+0.017%+0.0399%4h$24.8M$92.0M50xas long as short
BingX USELESS-USDT+0.048%+0.0394%4h—$4.4M—as long as short
Hyperliquid USELESS+0.058%+0.0929%1h$14.3M$15.2M3xas long as short
MEXC USELESS_USDT+0.058%+0.0398%4h$19.1M$4.9M50xas long as short
Extended USELESS-USD+0.074%+0.0400%1h$272K$915K5xas long as short
Phemex USELESSUSDT+0.109%+0.0250%4h$535K$1.2M20xas long as short
Injective USELESS/USDC PERP+0.500%−0.5000%1h$855$20K5.5xas long as short
Aevo USELESS-PERP+0.506%+0.0184%1h$11K—3xas long as short