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

USELESS

all USELESS markets
SwapFunding view
Alert
My alerts

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−$188
spread now+0.168%7d average−0.092%fees + slippage, in and out−$214spread needed2.141%
Long on PhemexShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex USELESSUSDT0.27920.0100pay 0.0050% / 4h50m 38s$506K$1.4M20x
ShortKuCoin USELESSUSDTM0.27970.0100get 0.0050% / 4h50m 38s$5.0M$6.5M12x

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
$16.83
Funding while held
$0
Slippage, 4 orders
−$190.14
Fee Phemex: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$197.31
Spread needed to break even
2.141%
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Phemex live order book, 4 min ago41.59 bp64.8 bp −$65doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago3.08 bp34.4 bp −$34doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni0.2751cheapestedgeX0.2776+0.898%HTX0.2783+1.160%Variational Omni0.2790+1.403%
Phemex0.2792+1.501%
SunX0.2796+1.621%BloFin0.2796+1.621%Orderly0.2797+1.654%
KuCoin0.2797+1.672%
Aevo0.2798+1.699%Lighter0.2799+1.734%Pacifica0.2799+1.741%Polymarket Perps0.2800+1.774%Aster0.2800+1.781%Gate0.2801+1.807%MEXC0.2801+1.814%Binance0.2802+1.863%Hyperliquid0.2804+1.930%Bybit0.2807+2.032%OKX0.2807+2.047%Bitget0.2808+2.061%Extended0.2809+2.112%BingX0.2810+2.134%
Injective0.3030+10.145%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni USELESSUSDT−1.479%+0.0100%1h$41K$679K25xas long as short
edgeX USELESSUSDC−0.595%+0.0411%4h$21K$183K10xas long as short
HTX USELESS-USDT−0.337%+0.0100%4h$21K$301K20xas long as short
Variational Omni USELESS−0.097%+0.0587%4h$1.2M$1.5M—as long as short
Phemex USELESSUSDTlong0.000%+0.0100%4h$506K$1.4M20x
SunX USELESS-USDT+0.118%+0.0100%4h—$1.3M10xas long as short
BloFin USELESS-USDT+0.118%+0.0699%4h$1.2M$1.6M12xas long as short
Orderly PERP_USELESS_USDC+0.150%+0.1086%4h$18K$1.4M10xas long as short
KuCoin USELESSUSDTMshort+0.168%+0.0100%4h$5.0M$6.5M12x
Aevo USELESS-PERP+0.195%+0.0192%1h$10K—3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter USELESS+0.229%+0.0096%1h$1.3M$773K3xas long as short
Pacifica USELESS+0.236%+0.0100%1h$28K$103K3xas long as short
Polymarket Perps USELESS-USD+0.269%−0.2158%1h$54K$167K3xas long as short
Aster USELESSUSDT+0.276%+0.0923%4h$610K$1.2M10xas long as short
Gate USELESS_USDT+0.301%+0.0100%4h$6.5M$5.5M50xas long as short
MEXC USELESS_USDT+0.308%+0.0430%4h$17.0M$4.2M50xas long as short
Binance USELESSUSDT+0.356%+0.0439%4h$23.6M$82.7M50xas long as short
Hyperliquid USELESS+0.423%+0.1035%1h$12.2M$13.0M3xas long as short
Bybit USELESSUSDT+0.523%+0.0450%4h$27.2M$33.2M13xas long as short
OKX USELESS-USDT-SWAP+0.537%+0.0100%4h$9.4M$51.7M10xas long as short
Bitget USELESSUSDT+0.552%+0.0232%4h$5.4M$6.2M20xas long as short
Extended USELESS-USD+0.602%+0.0432%1h$263K$915K5xas long as short
BingX USELESS-USDT+0.623%+0.0428%4h—$3.9M—as long as short
Injective USELESS/USDC PERP+8.516%−0.5000%1h$3K$18K5.5xas long as short