Spread before costs (cost unknown: a leg has no order-book sample)+0.174%
7d average−0.067%if it closes, per $10,000$17funding while held, a day+$13.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps USELESS-USD | 0.2763 | 0.0100 | pay 0.0013% / 1h | 52m 01s | $54K | $201K | 3x |
| Short | Bybit USELESSUSDT | 0.2768 | 0.0552 | get 0.0276% / 4h | 1h 52m | $27.0M | $31.6M | 13x |
Polymarket Perps USELESS-USD
Bybit USELESSUSDTPrice 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
- $17.37
- Funding while held
- $13.55
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $11.92
- Spread needed to break even
- 0.190%
Slippage unknown: Polymarket Perps: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0452%
- Per $10,000 a day
- +$13.55
- 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 1.08 bp | 17.7 bp −$18 | 41.8 bp −$418 | doesn't fit | doesn't fit |
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USELESS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2600cheapest
BloFin0.2754+5.931%Pacifica0.2760+6.174%KuCoin0.2762+6.250%Gate0.2763+6.266%
Injective
BloFin
Pacifica
KuCoin
GatePolymarket Perps0.2763+6.297%
Aster0.2765+6.370%Aevo0.2766+6.395%Binance0.2766+6.399%Extended0.2766+6.401%Bitget0.2767+6.416%HTX0.2767+6.431%OKX0.2767+6.443%
Aster
Aevo
Binance
Extended
Bitget
HTX
OKXBybit0.2768+6.481%
BingX0.2768+6.485%Orderly0.2769+6.508%Hyperliquid0.2769+6.516%MEXC0.2770+6.543%Lighter0.2772+6.624%edgeX0.2772+6.631%SunX0.2773+6.647%ApeX Omni0.2773+6.662%Phemex0.2773+6.674%Variational Omni0.2784+7.082%
BingX
Orderly
Hyperliquid
MEXC
Lighter
SunX
ApeX Omni
Phemex
Variational OmniUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | −5.924% | −0.5000% | 1h | $3K | $25K | 5.5x | as long as short |
| BloFin USELESS-USDT | −0.344% | +0.0850% | 4h | $1.1M | $1.5M | 12x | as long as short |
| Pacifica USELESS | −0.116% | +0.0100% | 1h | $27K | $103K | 3x | as long as short |
| KuCoin USELESSUSDTM | −0.043% | +0.0100% | 4h | $5.0M | $6.0M | 12x | as long as short |
| Gate USELESS_USDT | −0.029% | +0.0100% | 4h | $6.4M | $5.2M | 50x | as long as short |
| Polymarket Perps USELESS-USDlong | 0.000% | +0.0100% | 1h | $54K | $201K | 3x | |
| Aster USELESSUSDT | +0.069% | +0.0847% | 4h | $582K | $1.1M | 10x | as long as short |
| Aevo USELESS-PERP | +0.092% | +0.0200% | 1h | $10K | — | 3x | as long as short |
| Binance USELESSUSDT | +0.096% | +0.0460% | 4h | $23.4M | $79.9M | 50x | as long as short |
| Extended USELESS-USD | +0.098% | +0.0464% | 1h | $260K | $915K | 5x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.112% | +0.0186% | 4h | $5.3M | $5.8M | 20x | as long as short |
| HTX USELESS-USDT | +0.127% | +0.0100% | 4h | $20K | $286K | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.138% | +0.0100% | 4h | $9.4M | $49.6M | 10x | as long as short |
| Bybit USELESSUSDTshort | +0.174% | +0.0552% | 4h | $27.0M | $31.6M | 13x | |
| BingX USELESS-USDT | +0.177% | +0.0618% | 4h | — | $3.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.199% | +0.1116% | 4h | $18K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.206% | +0.0303% | 1h | $12.0M | $12.8M | 3x | as long as short |
| MEXC USELESS_USDT | +0.232% | +0.0460% | 4h | $16.6M | $4.1M | 50x | as long as short |
| Lighter USELESS | +0.308% | +0.0096% | 1h | $1.3M | $835K | 3x | as long as short |
| edgeX USELESSUSDC | +0.314% | +0.0486% | 4h | $21K | $183K | 10x | as long as short |
| SunX USELESS-USDT | +0.329% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.344% | +0.0100% | 1h | $41K | $679K | 25x | as long as short |
| Phemex USELESSUSDT | +0.355% | +0.0100% | 4h | $495K | $1.4M | 20x | as long as short |
| Variational Omni USELESS | +0.738% | +0.0751% | 4h | $1.2M | $1.4M | — | as long as short |