Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0978%/8h= +107.1% APRnext payment +$4.89 per $10,000 · paid last 24h +0.222%
Price spread now: Aster against OKX+0.028%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$850.847% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.567%+$57 on $10k
Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.028%, 7d avg +0.013%
Together, before fees+0.615%+ Points / potential airdropAster: Stage 5 · farm board+$62 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX USELESS-USDT-SWAP0.28220.0100pay 0.0050% / 4h2h 24m$9.9M$66.6M10x
ShortAster USELESSUSDT0.28230.1078get 0.0539% / 4h2h 24m$648K$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$205.44
Price spread: +0.028% → +0.013%
$1.5
Slippage, 4 orders
−$66.68
Fee OKX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$122.26
Costs to cover
0.847%
Break-even
2.8 days
Slippage from OKX: live order book, 5 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago2.13 bp22.5 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 4 min ago6.90 bp21.5 bp −$22128.0 bp −$1,280doesn't fitdoesn't fit

USELESS on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2818−0.142%$1.3M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2822−0.014%$31K$70K3xas long as short
OKX USELESS-USDT-SWAPlong+0.0100%4h0.2822long leg$9.9M$66.6M10x
SunX USELESS-USDT+0.0100%4h0.2823+0.018%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2820−0.071%$18K$519K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2816−0.237%$605K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0120%4h0.2816−0.237%$5.2M$10.3M12xas long as short
Gate USELESS_USDT+0.0128%4h0.2819−0.135%$7.1M$8.4M50xas long as short
Aevo USELESS-PERP+0.0224%1h0.2823+0.010%$10K3xas long as short
Polymarket Perps USELESS-USD+0.0523%1h0.2822−0.025%$29K$199K3xas long as short
Show all 23 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDC+0.0533%4h0.2827+0.152%$21K$194K10xas long as short
BingX USELESS-USDT+0.0542%4h0.2821−0.039%$5.1Mas long as short
Extended USELESS-USD+0.0552%1h0.2820−0.083%$302K$1.2M5xas long as short
Binance USELESSUSDT+0.0554%4h0.2822−0.028%$23.9M$117.4M50xas long as short
MEXC USELESS_USDT+0.0556%4h0.2822−0.032%$11.0M$6.0M50xas long as short
Bitget USELESSUSDT+0.0584%4h0.2820−0.071%$5.4M$9.9M20xas long as short
Bybit USELESSUSDT+0.0638%4h0.2822−0.025%$27.4M$46.4M13xas long as short
ApeX Omni USELESSUSDT+0.0703%1h0.2807−0.546%$39K$699K25xas long as short
Variational Omni USELESS+0.0829%4h0.2823+0.021%$1.2M$1.7Mas long as short
Aster USELESSUSDTshort+0.1078%4h0.2823+0.028%$648K$2.3M10x
Orderly PERP_USELESS_USDC+0.1271%4h0.2822−0.014%$22K$1.3M10xas long as short
Hyperliquid USELESS+0.1349%1h0.2824+0.046%$14.1M$20.7M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2984+5.719%$5K$9K5.5xas long as short