USELESS: Binance ↔ Bybit arbitrage

USELESS arbitrage between Binance and Bybit: we compare the price of USELESS on Binance (futures) and Bybit (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in USELESS right now — $19.4M: KuCoin $5.7M, Bybit $5.5M, Binance $4.0M, BingX $2.1M, Bitget $1.4M. See OI USELESS.

About USELESS arbitrage

How do I read the USELESS spread?

The spread is how many percent higher USELESS trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Binance and Bybit. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get USELESS alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.