Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%
Price spread now: HTX against ApeX Omni−0.069%76s7-day average −0.121% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 4 days (all we have)−1.342%−$134 · spread now −0.069%, 7d avg −0.121%
Together, before fees−1.431%−$143 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.052% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.121%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni USELESSUSDT0.27450.0100pay 0.0013% / 1h33m 59s$38K$694K25x
ShortHTX USELESS-USDT0.27430.0100get 0.0050% / 4h1h 33m$18K$508K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.069% → −0.121%
$5.17
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$16.83
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 30 min ago; HTX: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 30 min ago7.11 bp21.2 bp −$21117.0 bp −$1,170doesn't fitdoesn't fit
Sell HTX live order book, 30 min ago40.47 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2752+0.251%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2745+0.009%$30K$70K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2746+0.044%$6.9M$8.5M50xas long as short
ApeX Omni USELESSUSDTlong+0.0100%1h0.2745long leg$38K$694K25x
Polymarket Perps USELESS-USD+0.0100%1h0.2746+0.036%$34K$211K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2754+0.324%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2743−0.069%$18K$508K20x
Phemex USELESSUSDT+0.0100%4h0.2744−0.040%$605K$1.1M20xas long as short
OKX USELESS-USDT-SWAP+0.0142%4h0.2755+0.357%$9.7M$64.8M10xas long as short
KuCoin USELESSUSDTM+0.0206%4h0.2748+0.113%$5.1M$10.4M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0224%1h0.2751+0.202%$10K3xas long as short
Bitget USELESSUSDT+0.0508%4h0.2756+0.386%$5.3M$9.9M20xas long as short
Binance USELESSUSDT+0.0582%4h0.2754+0.328%$23.3M$118.1M50xas long as short
Extended USELESS-USD+0.0584%1h0.2754+0.311%$289K$1.1M5xas long as short
MEXC USELESS_USDT+0.0584%4h0.2756+0.397%$10.8M$6.0M50xas long as short
edgeX USELESSUSDC+0.0591%4h0.2747+0.075%$20K$195K10xas long as short
Hyperliquid USELESS+0.0675%1h0.2758+0.483%$13.5M$20.9M3xas long as short
BingX USELESS-USDT+0.0832%4h0.2754+0.342%$5.1Mas long as short
Bybit USELESSUSDT+0.0861%4h0.2751+0.226%$26.6M$46.5M13xas long as short
Variational Omni USELESS+0.0928%4h0.2748+0.099%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1031%4h0.2751+0.235%$580K$2.3M10xas long as short
BloFin USELESS-USDT+0.1141%4h0.2750+0.171%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1345%4h0.2751+0.219%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2904+5.807%$5K$9K5.5xas long as short