Spread before costs (cost unknown: a leg has no order-book sample)−1.290%
7d average+0.186%if it closes, per $10,000$129funding while held, a day+$10.58
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2809 | 0.0100 | pay 0.0050% / 4h | 10m 54s | $9.4M | $53.1M | 10x |
| Short | Variational Omni USELESS | 0.2773 | 0.0453 | get 0.0226% / 4h | 10m 54s | $1.2M | $1.6M | — |
OKX USELESS-USDT-SWAP
Variational Omni USELESSPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$128.98
- Funding while held
- $10.58
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$128.4
- Spread needed to break even
- 0.100%
Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0353%
- Per $10,000 a day
- +$10.58
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 4 min ago | 0.54 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 3.61 bp | doesn't fit | 39.7 bp −$397 | doesn't fit | doesn't fit |
USELESS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2630cheapest
InjectiveVariational Omni0.2773+5.452%
ApeX Omni0.2774+5.487%edgeX0.2793+6.197%Lighter0.2793+6.217%SunX0.2795+6.301%Orderly0.2797+6.343%Phemex0.2797+6.366%Aevo0.2797+6.379%BloFin0.2798+6.411%Pacifica0.2799+6.446%Hyperliquid0.2799+6.457%Aster0.2799+6.457%HTX0.2801+6.529%Polymarket Perps0.2805+6.651%Extended0.2805+6.678%Gate0.2806+6.708%MEXC0.2807+6.746%KuCoin0.2808+6.776%Binance0.2808+6.783%
ApeX Omni
Lighter
SunX
Orderly
Phemex
Aevo
BloFin
Pacifica
Hyperliquid
Aster
HTX
Polymarket Perps
Extended
Gate
MEXC
KuCoin
BinanceOKX0.2809+6.830%
Bybit0.2811+6.898%Bitget0.2811+6.910%BingX0.2812+6.948%
Bybit
Bitget
BingXUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | −6.393% | −0.5000% | 1h | $3K | $18K | 5.5x | as long as short |
| Variational Omni USELESSshort | −1.290% | +0.0453% | 4h | $1.2M | $1.6M | — | |
| ApeX Omni USELESSUSDT | −1.257% | +0.0100% | 1h | $36K | $683K | 25x | as long as short |
| edgeX USELESSUSDC | −0.592% | +0.0404% | 4h | $21K | $183K | 10x | as long as short |
| Lighter USELESS | −0.573% | +0.0096% | 1h | $1.3M | $882K | 3x | as long as short |
| SunX USELESS-USDT | −0.495% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | −0.456% | +0.1028% | 4h | $19K | $1.4M | 10x | as long as short |
| Phemex USELESSUSDT | −0.434% | +0.0573% | 4h | $509K | $1.3M | 20x | as long as short |
| Aevo USELESS-PERP | −0.422% | +0.0192% | 1h | $10K | — | 3x | as long as short |
| BloFin USELESS-USDT | −0.392% | +0.0567% | 4h | $1.2M | $1.7M | 12x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica USELESS | −0.360% | +0.0100% | 1h | $28K | $103K | 3x | as long as short |
| Hyperliquid USELESS | −0.349% | +0.1129% | 1h | $12.4M | $13.6M | 3x | as long as short |
| Aster USELESSUSDT | −0.349% | +0.0994% | 4h | $659K | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | −0.281% | +0.0100% | 4h | $21K | $309K | 20x | as long as short |
| Polymarket Perps USELESS-USD | −0.167% | +0.0100% | 1h | $38K | $159K | 3x | as long as short |
| Extended USELESS-USD | −0.142% | +0.0432% | 1h | $264K | $915K | 5x | as long as short |
| Gate USELESS_USDT | −0.114% | +0.0100% | 4h | $6.5M | $5.9M | 50x | as long as short |
| MEXC USELESS_USDT | −0.078% | +0.0432% | 4h | $17.6M | $4.4M | 50x | as long as short |
| KuCoin USELESSUSDTM | −0.050% | +0.0100% | 4h | $5.1M | $6.8M | 12x | as long as short |
| Binance USELESSUSDT | −0.044% | +0.0432% | 4h | $23.7M | $85.4M | 50x | as long as short |
| OKX USELESS-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $9.4M | $53.1M | 10x | |
| Bybit USELESSUSDT | +0.064% | +0.0335% | 4h | $27.4M | $34.9M | 13x | as long as short |
| Bitget USELESSUSDT | +0.075% | +0.0210% | 4h | $5.3M | $6.6M | 20x | as long as short |
| BingX USELESS-USDT | +0.110% | +0.0404% | 4h | — | $4.0M | — | as long as short |