data as of
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Price arb /

USELESS

all USELESS markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.509%
7d average−0.108%if it closes, per $10,000$51funding while held, a day−$11.00
Long on Variational OmniShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.28490.0467pay 0.0233% / 4h3h 21m$1.2M$1.5M—
ShortApeX Omni USELESSUSDT0.28350.0100get 0.0013% / 1h21m 52s$37K$690K25x

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
−$50.86
Funding while held
−$11
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$71.86
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 23 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0367%
Per $10,000 a day
−$11.00
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 Variational Omni RFQ quote, 4 min ago7.02 bpdoesn't fit45.6 bp −$456doesn't fitdoesn't fit
Sell ApeX Omni live order book, 23 min ago6.91 bp15.1 bp −$1597.2 bp −$972doesn't fitdoesn't fit

USELESS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2674cheapest
ApeX Omni0.2835+6.037%
HTX0.2835+6.052%edgeX0.2837+6.119%BloFin0.2838+6.164%Pacifica0.2840+6.224%Polymarket Perps0.2845+6.396%
Variational Omni0.2849+6.579%
Aevo0.2850+6.613%Gate0.2851+6.632%SunX0.2853+6.718%Phemex0.2853+6.729%OKX0.2855+6.770%KuCoin0.2855+6.777%Lighter0.2856+6.807%Orderly0.2856+6.815%Bitget0.2856+6.822%Bybit0.2856+6.837%Aster0.2857+6.850%Extended0.2857+6.855%BingX0.2858+6.878%Binance0.2859+6.934%MEXC0.2859+6.953%Hyperliquid0.2863+7.084%

USELESS on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−6.173%−0.5000%1h$3K$18K5.5xas long as short
ApeX Omni USELESSUSDTshort−0.509%+0.0100%1h$37K$690K25x
HTX USELESS-USDT−0.495%+0.0100%4h$21K$321K20xas long as short
edgeX USELESSUSDC−0.431%+0.0490%4h$22K$184K10xas long as short
BloFin USELESS-USDT−0.389%+0.1035%4h$1.2M$1.7M12xas long as short
Pacifica USELESS−0.333%+0.0100%1h$28K$104K3xas long as short
Polymarket Perps USELESS-USD−0.172%+0.0786%1h$33K$106K3xas long as short
Variational Omni USELESSlong0.000%+0.0467%4h$1.2M$1.5M—
Aevo USELESS-PERP+0.032%+0.0200%1h$10K—3xas long as short
Gate USELESS_USDT+0.049%+0.0100%4h$6.7M$6.1M50xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX USELESS-USDT+0.130%+0.0100%4h—$1.3M10xas long as short
Phemex USELESSUSDT+0.141%+0.0100%4h$510K$1.3M20xas long as short
OKX USELESS-USDT-SWAP+0.179%+0.0100%4h$9.8M$56.1M10xas long as short
KuCoin USELESSUSDTM+0.186%+0.0100%4h$5.2M$7.3M12xas long as short
Lighter USELESS+0.214%+0.0096%1h$1.3M$988K3xas long as short
Orderly PERP_USELESS_USDC+0.221%+0.0962%4h$22K$1.4M10xas long as short
Bitget USELESSUSDT+0.228%+0.0190%4h$5.4M$6.8M20xas long as short
Bybit USELESSUSDT+0.242%+0.0746%4h$28.0M$36.5M13xas long as short
Aster USELESSUSDT+0.254%+0.1087%4h$648K$1.4M10xas long as short
Extended USELESS-USD+0.259%+0.0488%1h$265K$917K5xas long as short
BingX USELESS-USDT+0.281%+0.0640%4h—$4.3M—as long as short
Binance USELESSUSDT+0.334%+0.0487%4h$24.3M$89.4M50xas long as short
MEXC USELESS_USDT+0.351%+0.0482%4h$18.2M$4.7M50xas long as short
Hyperliquid USELESS+0.474%+0.1020%1h$13.6M$14.3M3xas long as short