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−$34
spread now+0.262%7d average−0.042%fees + slippage, in and out−$64spread needed0.643%
Long on MEXCShort on Aster
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USELESS_USDT0.28450.0378pay 0.0189% / 4h1h 42m$18.8M$4.9M50x
ShortAster USELESSUSDT0.28520.0867get 0.0433% / 4h1h 42m$592K$1.8M10x

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
$26.24
Funding while held
$14.66
Slippage, 4 orders
−$48.29
Fee MEXC: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$23.39
Spread needed to break even
0.643%
Slippage from MEXC: live order book, 3 min ago; Aster: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0489%
Per $10,000 a day
+$14.66
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 MEXC live order book, 3 min ago0.18 bp10.2 bp −$1060.4 bp −$604120.9 bp −$12.1Kdoesn't fit
Sell Aster live order book, 2 min ago3.68 bp29.4 bp −$2996.2 bp −$962doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2833cheapestVariational Omni0.2845+0.414%
MEXC0.2845+0.424%
OKX0.2845+0.427%Binance0.2846+0.458%edgeX0.2846+0.465%Bitget0.2846+0.466%Lighter0.2846+0.473%HTX0.2846+0.473%Extended0.2846+0.474%Polymarket Perps0.2847+0.484%Pacifica0.2847+0.496%KuCoin0.2847+0.498%Hyperliquid0.2847+0.501%Bybit0.2847+0.505%BingX0.2848+0.522%Phemex0.2849+0.554%Orderly0.2849+0.572%Gate0.2851+0.621%Aevo0.2852+0.671%BloFin0.2852+0.678%
Aster0.2852+0.687%
SunX0.2858+0.872%Injective0.2937+3.675%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−0.422%+0.0100%1h$35K$695K25xas long as short
Variational Omni USELESS−0.010%+0.0370%4h$1.2M$1.5M—as long as short
MEXC USELESS_USDTlong0.000%+0.0378%4h$18.8M$4.9M50x
OKX USELESS-USDT-SWAP+0.004%+0.0100%4h$9.7M$57.7M10xas long as short
Binance USELESSUSDT+0.034%+0.0380%4h$24.2M$93.6M50xas long as short
edgeX USELESSUSDC+0.041%+0.0365%4h$22K$187K10xas long as short
Bitget USELESSUSDT+0.042%+0.0162%4h$5.4M$7.1M20xas long as short
Lighter USELESS+0.049%+0.0096%1h$1.3M$944K3xas long as short
HTX USELESS-USDT+0.049%+0.0100%4h$21K$337K20xas long as short
Extended USELESS-USD+0.050%+0.0376%1h$261K$921K5xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps USELESS-USD+0.060%+0.0100%1h$27K$119K3xas long as short
Pacifica USELESS+0.072%+0.0100%1h$32K$76K3xas long as short
KuCoin USELESSUSDTM+0.074%+0.0100%4h$5.1M$7.9M12xas long as short
Hyperliquid USELESS+0.077%+0.0720%1h$13.8M$15.7M3xas long as short
Bybit USELESSUSDT+0.081%+0.0368%4h$27.8M$37.3M13xas long as short
BingX USELESS-USDT+0.098%+0.0392%4h—$4.4M—as long as short
Phemex USELESSUSDT+0.130%+0.0100%4h$519K$1.2M20xas long as short
Orderly PERP_USELESS_USDC+0.148%+0.0913%4h$22K$1.4M10xas long as short
Gate USELESS_USDT+0.197%+0.0100%4h$6.8M$6.5M50xas long as short
Aevo USELESS-PERP+0.246%+0.0176%1h$10K—3xas long as short
BloFin USELESS-USDT+0.253%+0.0627%4h$1.2M$1.7M12xas long as short
Aster USELESSUSDTshort+0.262%+0.0867%4h$592K$1.8M10x
SunX USELESS-USDT+0.446%+0.0100%4h—$1.3M10xas long as short
Injective USELESS/USDC PERP+3.237%−0.5000%1h$855$14K5.5xas long as short