USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0432%/8h= −47.3% APRnext payment −$2.16 per $10,000 · paid last 24h −0.153%

Price spread now: HTX against BingX+0.148%52s7-day average −0.111% · you sell dearer than you buy

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

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 4 days (all we have)−0.389%−$39 · spread now +0.148%, 7d avg −0.111%

Together, before fees−0.687%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.259% dearer against BingX than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of −0.111%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.299% in total) that is about 6.1 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.299% in total (about -15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.16 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	BingX USELESS-USDT	0.2566	0.0532	pay 0.0266% / 4h	28m 24s	—	$5.3M	—
Short	HTX USELESS-USDT	0.2569	0.0100	get 0.0050% / 4h	28m 24s	$17K	$521K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee HTXbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$90.72
Price spread: +0.148% → −0.111%: $25.93
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86.79
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BingX: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 6 min ago	3.72 bp	19.6 bp −$20	55.1 bp −$551	469.9 bp −$47.0K	doesn't fit
Sell HTX live order book, 30 min ago	50.01 bp	doesn't fit	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	0.2566	+0.019%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2568	+0.082%	$11.4M	$22.9M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2568	+0.097%	$28K	$64K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2565	−0.012%	$32K	$223K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2564	−0.047%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2569	+0.148%	$17K	$521K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2576	+0.421%	$577K	$1.0M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2567	+0.048%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0201%	4h	0.2566	+0.019%	$8.9M	$63.1M	10x	as long as short
KuCoin USELESSUSDTM	+0.0222%	4h	0.2565	−0.004%	$4.6M	$10.7M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0238%	4h	0.2565	−0.023%	$6.4M	$8.7M	50x	as long as short
Bitget USELESSUSDT	+0.0342%	4h	0.2564	−0.062%	$4.9M	$10.4M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0420%	1h	0.2558	−0.292%	$33K	$693K	25x	as long as short
Binance USELESSUSDT	+0.0455%	4h	0.2563	−0.082%	$21.4M	$123.2M	50x	as long as short
Extended USELESS-USD	+0.0456%	1h	0.2566	+0.021%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0458%	4h	0.2566	+0.012%	$10.3M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0461%	4h	0.2566	+0.039%	$19K	$197K	10x	as long as short
Aster USELESSUSDT	+0.0510%	4h	0.2569	+0.140%	$509K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0510%	4h	0.2563	−0.086%	$24.5M	$48.5M	13x	as long as short
BingX USELESS-USDTlong	+0.0532%	4h	0.2566	long leg	—	$5.3M	—
Variational Omni USELESS	+0.0718%	4h	0.2564	−0.066%	$1.0M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.0779%	4h	0.2576	+0.409%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1318%	4h	0.2567	+0.078%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+5.406%	$5K	$11K	5.5x	as long as short