data as of
Settings8H · net · $10k
Price arb /

USELESS

all USELESS markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.282%
7d average+0.057%if it closes, per $10,000$28funding while held, a day+$9.96
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica USELESS0.27990.0100pay 0.0013% / 1h10m 55s$28K$103K3x
ShortMEXC USELESS_USDT0.28070.0432get 0.0216% / 4h10m 55s$17.6M$4.4M50x

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
$28.22
Funding while held
$9.96
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee MEXC: 4 bp × 2 orders
−$8
Net
$22.18
Spread needed to break even
0.160%
Slippage unknown: Pacifica: live order book, 38 min ago; MEXC: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0332%
Per $10,000 a day
+$9.96
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 Pacifica live order book, 38 min ago33.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.08 bp10.0 bp −$1051.9 bp −$519163.0 bp −$16.3K472.6 bp −$236.3K

USELESS price on every exchange

against the cheapest. Click to use as the short leg.

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.055%−0.5000%1h$3K$18K5.5xas long as short
Variational Omni USELESS−0.934%+0.0453%4h$1.2M$1.6Mas long as short
ApeX Omni USELESSUSDT−0.900%+0.0100%1h$36K$683K25xas long as short
edgeX USELESSUSDC−0.233%+0.0404%4h$21K$183K10xas long as short
Lighter USELESS−0.214%+0.0096%1h$1.3M$882K3xas long as short
SunX USELESS-USDT−0.136%+0.0100%4h$1.3M10xas long as short
Orderly PERP_USELESS_USDC−0.096%+0.1028%4h$19K$1.4M10xas long as short
Phemex USELESSUSDT−0.075%+0.0573%4h$509K$1.3M20xas long as short
Aevo USELESS-PERP−0.063%+0.0192%1h$10K3xas long as short
BloFin USELESS-USDT−0.032%+0.0567%4h$1.2M$1.7M12xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Pacifica USELESSlong0.000%+0.0100%1h$28K$103K3x
Hyperliquid USELESS+0.011%+0.1129%1h$12.4M$13.6M3xas long as short
Aster USELESSUSDT+0.011%+0.0994%4h$659K$1.4M10xas long as short
HTX USELESS-USDT+0.079%+0.0100%4h$21K$309K20xas long as short
Polymarket Perps USELESS-USD+0.193%+0.0100%1h$38K$159K3xas long as short
Extended USELESS-USD+0.218%+0.0432%1h$264K$915K5xas long as short
Gate USELESS_USDT+0.246%+0.0100%4h$6.5M$5.9M50xas long as short
MEXC USELESS_USDTshort+0.282%+0.0432%4h$17.6M$4.4M50x
KuCoin USELESSUSDTM+0.311%+0.0100%4h$5.1M$6.8M12xas long as short
Binance USELESSUSDT+0.317%+0.0432%4h$23.7M$85.4M50xas long as short
OKX USELESS-USDT-SWAP+0.361%+0.0100%4h$9.4M$53.1M10xas long as short
Bybit USELESSUSDT+0.425%+0.0335%4h$27.4M$34.9M13xas long as short
Bitget USELESSUSDT+0.436%+0.0210%4h$5.3M$6.6M20xas long as short
BingX USELESS-USDT+0.472%+0.0404%4h$4.0Mas long as short