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.

Spread before costs (cost unknown: a leg has no order-book sample)−0.137%
7d average−0.039%if it closes, per $10,000$14funding while held, a day+$3.30
Long on Polymarket PerpsShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps USELESS-USD0.27790.0100pay 0.0013% / 1h18m 30s$38K$168K3x
ShortBitget USELESSUSDT0.27750.0210get 0.0105% / 4h18m 30s$5.3M$6.5M20x

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
−$13.68
Funding while held
$3.3
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$30.38
Spread needed to break even
0.200%
Slippage unknown: Polymarket Perps: live order book, 36 min ago; Bitget: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0110%
Per $10,000 a day
+$3.30
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 Polymarket Perps live order book, 36 min ago30.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.05 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2616cheapest
OKX0.2773+5.989%Variational Omni0.2773+5.991%Binance0.2773+5.992%KuCoin0.2775+6.046%
Bitget0.2775+6.050%
BingX0.2776+6.100%MEXC0.2777+6.115%Hyperliquid0.2777+6.130%Bybit0.2777+6.149%
Polymarket Perps0.2779+6.195%
Gate0.2779+6.222%Aster0.2780+6.242%Lighter0.2781+6.268%Extended0.2781+6.305%Pacifica0.2783+6.360%edgeX0.2784+6.399%ApeX Omni0.2784+6.402%BloFin0.2787+6.528%Orderly0.2788+6.555%SunX0.2788+6.566%Aevo0.2789+6.593%HTX0.2793+6.761%Phemex0.2795+6.814%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−5.834%−0.5000%1h$3K$18K5.5xas long as short
OKX USELESS-USDT-SWAP−0.194%+0.0100%4h$9.3M$52.4M10xas long as short
Variational Omni USELESS−0.192%+0.0487%4h$1.2M$1.6M—as long as short
Binance USELESSUSDT−0.192%+0.0431%4h$23.4M$85.0M50xas long as short
KuCoin USELESSUSDTM−0.140%+0.0100%4h$5.0M$6.8M12xas long as short
Bitget USELESSUSDTshort−0.137%+0.0210%4h$5.3M$6.5M20x
BingX USELESS-USDT−0.090%+0.0416%4h—$4.0M—as long as short
MEXC USELESS_USDT−0.076%+0.0430%4h$17.3M$4.4M50xas long as short
Hyperliquid USELESS−0.061%+0.1206%1h$12.3M$13.5M3xas long as short
Bybit USELESSUSDT−0.043%+0.0355%4h$27.1M$34.7M13xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps USELESS-USDlong0.000%+0.0100%1h$38K$168K3x
Gate USELESS_USDT+0.025%+0.0100%4h$6.5M$5.8M50xas long as short
Aster USELESSUSDT+0.044%+0.0964%4h$655K$1.3M10xas long as short
Lighter USELESS+0.068%+0.0096%1h$1.3M$880K3xas long as short
Extended USELESS-USD+0.103%+0.0432%1h$263K$915K5xas long as short
Pacifica USELESS+0.155%+0.0100%1h$28K$103K3xas long as short
edgeX USELESSUSDC+0.192%+0.0417%4h$21K$184K10xas long as short
ApeX Omni USELESSUSDT+0.194%+0.0100%1h$36K$684K25xas long as short
BloFin USELESS-USDT+0.313%+0.0593%4h$1.2M$1.6M12xas long as short
Orderly PERP_USELESS_USDC+0.338%+0.1029%4h$19K$1.4M10xas long as short
SunX USELESS-USDT+0.349%+0.0100%4h—$1.3M10xas long as short
Aevo USELESS-PERP+0.374%+0.0192%1h$10K—3xas long as short
HTX USELESS-USDT+0.533%+0.0100%4h$21K$307K20xas long as short
Phemex USELESSUSDT+0.583%+0.0384%4h$510K$1.3M20xas long as short