USELESS arbitrage between Bybit and Kraken: we compare the price of USELESS on Bybit (futures) and Kraken (spot) 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 — $15.2M: KuCoin $5.0M, Bybit $3.5M, Binance $3.0M, BingX $2.1M, OKX $830.6K. 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 Bybit and Kraken. 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.