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.

After costs, if the gap returns to its 7d average, $10k−$23
spread now+1.369%7d average−0.037%fees + slippage, in and out−$164spread needed1.636%
Long on SunXShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USELESS-USDT0.28060.0100pay 0.0050% / 4h1h 14m—$1.3M10x
ShortBybit USELESSUSDT0.28440.0181get 0.0090% / 4h1h 14m$27.8M$37.3M13x

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
$136.87
Funding while held
$2.42
Slippage, 4 orders
−$142.6
Fee SunX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$24.31
Spread needed to break even
1.636%
Slippage from SunX: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0081%
Per $10,000 a day
+$2.42
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 SunX live order book, 6 min ago44.82 bp64.4 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago0.18 bp21.3 bp −$2148.4 bp −$484doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.2795cheapestPhemex0.2802+0.250%Aevo0.2804+0.344%Orderly0.2805+0.372%
SunX0.2806+0.390%
BloFin0.2807+0.447%Variational Omni0.2810+0.556%edgeX0.2820+0.898%ApeX Omni0.2826+1.120%Pacifica0.2838+1.537%OKX0.2841+1.642%Aster0.2841+1.646%
Bybit0.2844+1.764%
MEXC0.2844+1.775%Bitget0.2845+1.786%Polymarket Perps0.2845+1.786%Gate0.2845+1.793%Binance0.2845+1.807%Lighter0.2846+1.836%Extended0.2846+1.843%KuCoin0.2847+1.882%Hyperliquid0.2848+1.925%BingX0.2850+1.964%Injective0.2937+5.095%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT−0.389%+0.0100%4h$20K$342K20xas long as short
Phemex USELESSUSDT−0.139%+0.0100%4h$528K$1.3M20xas long as short
Aevo USELESS-PERP−0.046%+0.0176%1h$10K—3xas long as short
Orderly PERP_USELESS_USDC−0.018%+0.0888%4h$22K$1.4M10xas long as short
SunX USELESS-USDTlong0.000%+0.0100%4h—$1.3M10x
BloFin USELESS-USDT+0.057%+0.0401%4h$1.2M$1.7M12xas long as short
Variational Omni USELESS+0.166%+0.0287%4h$1.2M$1.5M—as long as short
edgeX USELESSUSDC+0.506%+0.0355%4h$21K$187K10xas long as short
ApeX Omni USELESSUSDT+0.727%+0.0100%1h$35K$693K25xas long as short
Pacifica USELESS+1.143%+0.0100%1h$32K$76K3xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX USELESS-USDT-SWAP+1.248%+0.0100%4h$9.8M$57.6M10xas long as short
Aster USELESSUSDT+1.251%+0.0798%4h$637K$1.9M10xas long as short
Bybit USELESSUSDTshort+1.369%+0.0181%4h$27.8M$37.3M13x
MEXC USELESS_USDT+1.379%+0.0356%4h$19.1M$5.0M50xas long as short
Bitget USELESSUSDT+1.390%+0.0178%4h$5.4M$7.1M20xas long as short
Polymarket Perps USELESS-USD+1.390%+0.0100%1h$27K$115K3xas long as short
Gate USELESS_USDT+1.397%+0.0100%4h$6.8M$6.6M50xas long as short
Binance USELESSUSDT+1.411%+0.0358%4h$24.1M$94.0M50xas long as short
Lighter USELESS+1.440%+0.0096%1h$1.3M$948K3xas long as short
Extended USELESS-USD+1.448%+0.0360%1h$259K$920K5xas long as short
KuCoin USELESSUSDTM+1.486%+0.0100%4h$5.1M$8.1M12xas long as short
Hyperliquid USELESS+1.529%+0.0699%1h$13.7M$15.5M3xas long as short
BingX USELESS-USDT+1.568%+0.0374%4h—$4.4M—as long as short
Injective USELESS/USDC PERP+4.687%−0.5000%1h$855$14K5.5xas long as short