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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0998%/8h= −109.3% APRnext payment $4.99 per $10,000 · paid last 24h −0.225%
Price spread now: HTX against Aster−0.050%7-day average −0.086% · 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 5 days (all we have)−0.551%−$55 on $10k
Price spread, last 3 days (all we have)−0.239%−$24 · spread now −0.050%, 7d avg −0.086%
Together, before fees−0.790%+ Points / potential airdropAster: Stage 5 · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.036% dearer against Aster than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.086%): +$4 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 5 days (−0.551% in total) that is about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.28180.1098pay 0.0549% / 4h29m 39s$648K$2.3M10x
ShortHTX USELESS-USDT0.28170.0100get 0.0050% / 4h29m 39s$19K$495K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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
−$209.64
Price spread: −0.050% → −0.086%
$3.61
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$226.03
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 4 min ago; HTX: live order book, 49 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 Aster live order book, 4 min ago5.33 bp24.0 bp −$24151.8 bp −$1,518doesn't fitdoesn't fit
Sell HTX live order book, 49 min ago45.05 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%1h0.2813−0.163%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2818−0.011%$32K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2814−0.156%$9.9M$66.4M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2817−0.043%$34K$157K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2818+0.018%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2817−0.050%$19K$495K20x
Phemex USELESSUSDT+0.0100%4h0.2811−0.248%$569K$1.2M20xas long as short
Aevo USELESS-PERP+0.0208%1h0.2815−0.092%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0247%1h0.2817−0.035%$39K$700K25xas long as short
KuCoin USELESSUSDTM+0.0254%4h0.2818−0.007%$5.2M$10.0M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0330%4h0.2816−0.085%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0374%4h0.2815−0.121%$7.0M$8.3M50xas long as short
edgeX USELESSUSDC+0.0490%4h0.2816−0.060%$21K$192K10xas long as short
Extended USELESS-USD+0.0504%1h0.2821+0.091%$297K$966K5xas long as short
MEXC USELESS_USDT+0.0506%4h0.2818+0.018%$10.4M$6.0M50xas long as short
Binance USELESSUSDT+0.0509%4h0.2815−0.096%$23.7M$116.1M50xas long as short
BingX USELESS-USDT+0.1010%4h0.2817−0.021%$5.0Mas long as short
Bybit USELESSUSDT+0.1018%4h0.2814−0.138%$27.8M$45.7M13xas long as short
Aster USELESSUSDTlong+0.1098%4h0.2818long leg$648K$2.3M10x
Variational Omni USELESS+0.1185%4h0.2823+0.162%$1.2M$1.8Mas long as short
Orderly PERP_USELESS_USDC+0.1333%4h0.2820+0.057%$22K$1.4M10xas long as short
BloFin USELESS-USDT+0.1360%4h0.2822+0.149%$1.2M$2.0M12xas long as short
Hyperliquid USELESS+0.1543%1h0.2824+0.231%$14.0M$21.0M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2982+5.830%$5K$9K5.5xas long as short