Spread before costs (cost unknown: a leg has no order-book sample)−5.981%
7d average—if it closes, per $10,000$598funding while held, a day−$164.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni USELESS | 0.2773 | 0.0487 | pay 0.0243% / 4h | 16m 37s | $1.2M | $1.6M | — |
| Short | Injective USELESS/USDC PERP | 0.2607 | −0.5000 | pay 0.0625% / 1h | 16m 37s | $3K | $18K | 5.5x |
Variational Omni USELESS
Injective USELESS/USDC PERPPrice 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
- −$598.08
- Funding while held
- −$164.6
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$762.71
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.5487%
- Per $10,000 a day
- −$164.60
- 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 Variational Omni RFQ quote, 4 min ago | 5.39 bp | doesn't fit | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.2607cheapest
KuCoin0.2771+6.274%Gate0.2772+6.309%
KuCoin
GateVariational Omni0.2773+6.361%
HTX0.2774+6.374%BingX0.2774+6.378%Bybit0.2774+6.401%Orderly0.2774+6.405%Phemex0.2775+6.436%Bitget0.2775+6.439%Hyperliquid0.2776+6.454%Lighter0.2776+6.462%SunX0.2776+6.462%Pacifica0.2776+6.476%Extended0.2776+6.483%Polymarket Perps0.2777+6.489%OKX0.2777+6.493%BloFin0.2777+6.501%Binance0.2778+6.558%MEXC0.2778+6.558%Aster0.2779+6.565%Aevo0.2783+6.732%edgeX0.2784+6.770%ApeX Omni0.2784+6.773%
HTX
BingX
Bybit
Orderly
Phemex
Bitget
Hyperliquid
Lighter
SunX
Pacifica
Extended
Polymarket Perps
OKX
BloFin
Binance
MEXC
Aster
Aevo
ApeX OmniUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERPshort | −5.981% | −0.5000% | 1h | $3K | $18K | 5.5x | |
| KuCoin USELESSUSDTM | −0.082% | +0.0100% | 4h | $5.0M | $6.8M | 12x | as long as short |
| Gate USELESS_USDT | −0.049% | +0.0100% | 4h | $6.4M | $5.8M | 50x | as long as short |
| Variational Omni USELESSlong | 0.000% | +0.0487% | 4h | $1.2M | $1.6M | — | |
| HTX USELESS-USDT | +0.012% | +0.0100% | 4h | $21K | $308K | 20x | as long as short |
| BingX USELESS-USDT | +0.016% | +0.0410% | 4h | — | $4.0M | — | as long as short |
| Bybit USELESSUSDT | +0.037% | +0.0342% | 4h | $27.0M | $34.8M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.041% | +0.1024% | 4h | $19K | $1.4M | 10x | as long as short |
| Phemex USELESSUSDT | +0.070% | +0.0432% | 4h | $506K | $1.3M | 20x | as long as short |
| Bitget USELESSUSDT | +0.073% | +0.0210% | 4h | $5.3M | $6.5M | 20x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid USELESS | +0.087% | +0.1180% | 1h | $12.3M | $13.6M | 3x | as long as short |
| Lighter USELESS | +0.095% | +0.0096% | 1h | $1.3M | $880K | 3x | as long as short |
| SunX USELESS-USDT | +0.095% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Pacifica USELESS | +0.108% | +0.0100% | 1h | $27K | $103K | 3x | as long as short |
| Extended USELESS-USD | +0.114% | +0.0424% | 1h | $261K | $915K | 5x | as long as short |
| Polymarket Perps USELESS-USD | +0.120% | +0.0100% | 1h | $38K | $165K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.124% | +0.0100% | 4h | $9.3M | $52.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.131% | +0.0595% | 4h | $1.2M | $1.6M | 12x | as long as short |
| Binance USELESSUSDT | +0.185% | +0.0424% | 4h | $23.4M | $85.0M | 50x | as long as short |
| MEXC USELESS_USDT | +0.185% | +0.0426% | 4h | $17.3M | $4.4M | 50x | as long as short |
| Aster USELESSUSDT | +0.192% | +0.0957% | 4h | $655K | $1.3M | 10x | as long as short |
| Aevo USELESS-PERP | +0.348% | +0.0192% | 1h | $10K | — | 3x | as long as short |
| edgeX USELESSUSDC | +0.385% | +0.0417% | 4h | $21K | $184K | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.387% | +0.0100% | 1h | $36K | $684K | 25x | as long as short |