USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0470%/8h= −51.5% APRnext payment −$2.35 per $10,000 · paid last 24h −0.118%

Price spread now: HTX against Binance+0.878%7-day average −0.121% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−1.308%−$131 · spread now +0.878%, 7d avg −0.121%

Together, before fees−1.511%−$151 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.998% dearer against Binance than usual: you sell high and buy low (spread +0.878% now, against its 7-day average of −0.121%): +$100 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7.1 days. At the pace of the last 7 days (−0.203% in total) that is about 34 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2814	0.0570	pay 0.0285% / 4h	1h 38m	$23.8M	$111.9M	50x
Short	HTX USELESS-USDT	0.2839	0.0100	get 0.0050% / 4h	1h 38m	$30K	$418K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee HTXbpOrdersPrice spread, now +0.878%Rate

Funding earned: −$98.77
Price spread: +0.878% → −0.121%: $99.84
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.93
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Binance: live order book, 4 min ago; HTX: live order book, 44 min ago. Net counts fees only.

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 Binance live order book, 4 min ago	0.18 bp	21.2 bp −$21	76.9 bp −$769	doesn't fit	doesn't fit
Sell HTX live order book, 44 min ago	46.22 bp	293.6 bp −$294	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2813	−0.050%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2815	+0.038%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2813	−0.053%	$9.9M	$63.9M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2826	+0.430%	$27K	$143K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2826	+0.405%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2839	+0.878%	$30K	$418K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2822	+0.291%	$580K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2828	+0.497%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0336%	4h	0.2817	+0.107%	$5.2M	$9.8M	12x	as long as short
Gate USELESS_USDT	+0.0384%	4h	0.2812	−0.064%	$7.0M	$7.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0489%	1h	0.2825	+0.387%	$40K	$700K	25x	as long as short
Bitget USELESSUSDT	+0.0538%	4h	0.2815	+0.043%	$5.4M	$8.9M	20x	as long as short
edgeX USELESSUSDC	+0.0559%	4h	0.2830	+0.563%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0568%	1h	0.2815	+0.019%	$296K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0568%	4h	0.2818	+0.153%	$10.0M	$5.8M	50x	as long as short
Binance USELESSUSDTlong	+0.0570%	4h	0.2814	long leg	$23.8M	$111.9M	50x
Hyperliquid USELESS	+0.1184%	1h	0.2822	+0.281%	$14.3M	$20.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1256%	4h	0.2828	+0.476%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1257%	4h	0.2821	+0.253%	$653K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1418%	4h	0.2815	+0.025%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1490%	4h	0.2815	+0.028%	$28.5M	$43.4M	13x	as long as short
Variational Omni USELESS	+0.1535%	4h	0.2824	+0.360%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.2004%	4h	0.2828	+0.480%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+6.567%	$5K	$9K	5.5x	as long as short