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−$47
spread now−0.025%7d average−0.029%fees + slippage, in and out−$47spread needed0.471%
Long on MEXCShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USELESS_USDT0.28080.0424pay 0.0212% / 4h3h 57m$17.7M$4.4M50x
ShortLighter USELESS0.28070.0096get 0.0012% / 1h57m 19s$1.3M$902K3x

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
−$2.49
Funding while held
−$9.84
Slippage, 4 orders
−$39.06
Fee MEXC: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$59.39
Spread needed to break even
0.471%
Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0328%
Per $10,000 a day
−$9.84
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 ago0.53 bp7.0 bp −$739.3 bp −$393164.5 bp −$16.5K462.9 bp −$231.4K
Sell Lighter live order book, 5 min ago1.07 bp14.8 bp −$1557.8 bp −$578doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2638cheapest
Aevo0.2803+6.231%Gate0.2803+6.246%OKX0.2804+6.280%Bybit0.2806+6.341%BloFin0.2806+6.352%Bitget0.2806+6.356%KuCoin0.2806+6.367%Orderly0.2807+6.371%Binance0.2807+6.383%ApeX Omni0.2807+6.390%HTX0.2807+6.394%
Lighter0.2807+6.402%
MEXC0.2808+6.428%
Aster0.2808+6.436%Pacifica0.2809+6.467%Polymarket Perps0.2809+6.474%BingX0.2810+6.508%Extended0.2810+6.514%Hyperliquid0.2811+6.523%SunX0.2811+6.538%Variational Omni0.2815+6.703%edgeX0.2815+6.705%Phemex0.2819+6.853%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.040%−0.5000%1h$3K$18K5.5xas long as short
Aevo USELESS-PERP−0.186%+0.0192%1h$10K—3xas long as short
Gate USELESS_USDT−0.171%+0.0658%4h$6.5M$5.8M50xas long as short
OKX USELESS-USDT-SWAP−0.139%+0.0100%4h$9.4M$52.7M10xas long as short
Bybit USELESSUSDT−0.082%+0.0692%4h$27.4M$34.9M13xas long as short
BloFin USELESS-USDT−0.071%+0.0574%4h$1.2M$1.7M12xas long as short
Bitget USELESSUSDT−0.068%+0.0182%4h$5.2M$6.6M20xas long as short
KuCoin USELESSUSDTM−0.057%+0.0100%4h$5.1M$6.9M12xas long as short
Orderly PERP_USELESS_USDC−0.053%+0.0988%4h$19K$1.4M10xas long as short
Binance USELESSUSDT−0.043%+0.0425%4h$23.7M$85.3M50xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−0.036%+0.0100%1h$36K$685K25xas long as short
HTX USELESS-USDT−0.032%+0.0100%4h$21K$312K20xas long as short
Lighter USELESSshort−0.025%+0.0096%1h$1.3M$902K3x
MEXC USELESS_USDTlong0.000%+0.0424%4h$17.7M$4.4M50x
Aster USELESSUSDT+0.007%+0.0997%4h$669K$1.4M10xas long as short
Pacifica USELESS+0.036%+0.0100%1h$28K$103K3xas long as short
Polymarket Perps USELESS-USD+0.043%+0.0643%1h$38K$108K3xas long as short
BingX USELESS-USDT+0.075%+0.0422%4h—$4.0M—as long as short
Extended USELESS-USD+0.081%+0.0424%1h$265K$915K5xas long as short
Hyperliquid USELESS+0.089%+0.1101%1h$12.5M$13.7M3xas long as short
SunX USELESS-USDT+0.103%+0.0100%4h—$1.3M10xas long as short
Variational Omni USELESS+0.259%+0.0415%4h$1.2M$1.6M—as long as short
edgeX USELESSUSDC+0.260%+0.0424%4h$21K$185K10xas long as short
Phemex USELESSUSDT+0.399%+0.3189%4h$512K$1.3M20xas long as short