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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.136%
7d average−0.015%if it closes, per $10,000$14funding while held, a day+$0.12
Long on LighterShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.28660.0096pay 0.0012% / 1h28m 01s$1.3M$950K3x
ShortPacifica USELESS0.28690.0100get 0.0013% / 1h28m 01s$29K$104K3x

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
$13.61
Funding while held
$0.12
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$5.73
Spread needed to break even
0.080%
Slippage unknown: Lighter: live order book, 10 min ago; Pacifica: live order book, 16 min ago. Net counts fees only.

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 Lighter live order book, 10 min ago2.35 bp16.6 bp −$1750.2 bp −$502doesn't fitdoesn't fit
Sell Pacifica live order book, 16 min ago35.87 bp55.9 bp −$56doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2702cheapest
HTX0.2862+5.907%BloFin0.2863+5.958%
Lighter0.2866+6.051%
Bitget0.2866+6.051%Gate0.2866+6.080%Extended0.2867+6.100%OKX0.2869+6.169%SunX0.2869+6.177%
Pacifica0.2869+6.195%
Bybit0.2870+6.203%KuCoin0.2870+6.203%BingX0.2870+6.228%Orderly0.2871+6.240%Binance0.2871+6.256%MEXC0.2872+6.303%Polymarket Perps0.2872+6.303%Hyperliquid0.2873+6.306%Aevo0.2873+6.325%Phemex0.2873+6.336%Aster0.2873+6.338%ApeX Omni0.2907+7.583%edgeX0.2912+7.772%Variational Omni0.2919+8.037%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.706%−0.5000%1h$3K$18K5.5xas long as short
HTX USELESS-USDT−0.136%+0.0100%4h$21K$320K20xas long as short
BloFin USELESS-USDT−0.087%+0.1056%4h$1.2M$1.7M12xas long as short
Lighter USELESSlong0.000%+0.0096%1h$1.3M$950K3x
Bitget USELESSUSDT0.000%+0.0210%4h$5.4M$6.7M20xas long as short
Gate USELESS_USDT+0.028%+0.0100%4h$6.7M$6.1M50xas long as short
Extended USELESS-USD+0.046%+0.0504%1h$268K$917K5xas long as short
OKX USELESS-USDT-SWAP+0.112%+0.0100%4h$9.8M$56.2M10xas long as short
SunX USELESS-USDT+0.119%+0.0100%4h—$1.3M10xas long as short
Pacifica USELESSshort+0.136%+0.0100%1h$29K$104K3x
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit USELESSUSDT+0.143%+0.0940%4h$28.3M$36.4M13xas long as short
KuCoin USELESSUSDTM+0.143%+0.0100%4h$5.2M$7.2M12xas long as short
BingX USELESS-USDT+0.168%+0.0740%4h—$4.2M—as long as short
Orderly PERP_USELESS_USDC+0.178%+0.0983%4h$22K$1.4M10xas long as short
Binance USELESSUSDT+0.194%+0.0503%4h$24.5M$89.1M50xas long as short
MEXC USELESS_USDT+0.237%+0.0510%4h$18.2M$4.6M50xas long as short
Polymarket Perps USELESS-USD+0.237%+0.0886%1h$34K$114K3xas long as short
Hyperliquid USELESS+0.241%+0.0975%1h$13.7M$14.4M3xas long as short
Aevo USELESS-PERP+0.258%+0.0208%1h$10K—3xas long as short
Phemex USELESSUSDT+0.269%+0.0343%4h$514K$1.3M20xas long as short
Aster USELESSUSDT+0.271%+0.1142%4h$683K$1.4M10xas long as short
ApeX Omni USELESSUSDT+1.445%+0.0217%1h$38K$690K25xas long as short
edgeX USELESSUSDC+1.623%+0.0523%4h$22K$185K10xas long as short
Variational Omni USELESS+1.873%+0.0429%4h$1.2M$1.5M—as long as short