Funding you earn now, next payment 04:00 UTC−0.0248%/8h= −27.2% APRnext payment −$1.24 per $10,000 · paid last 24h −0.074%
Price spread now: HTX against Bitget−0.268%7-day average −0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.268%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.180% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.24 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 | Bitget USELESSUSDT | 0.2576 | 0.0348 | pay 0.0174% / 4h | 29m 13s | $4.9M | $10.4M | 20x |
| Short | HTX USELESS-USDT | 0.2569 | 0.0100 | get 0.0050% / 4h | 29m 13s | $17K | $521K | 20x |
Bitget USELESSUSDT
HTX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.08
- Price spread: −0.268% → −0.088%
- −$18.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$94.11
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; HTX: live order book, 29 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 Bitget live order book, 4 min ago | 5.07 bp | 31.3 bp −$31 | 103.6 bp −$1,036 | doesn't fit | doesn't fit |
| Sell HTX live order book, 29 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 | 0.2574 | −0.101% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2580 | +0.144% | $11.5M | $22.9M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2573 | −0.139% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2576 | +0.008% | $33K | $223K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2577 | +0.031% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDTshort | +0.0100% | 4h | 0.2569 | −0.268% | $17K | $521K | 20x | |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2576 | +0.004% | $577K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2572 | −0.164% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0205% | 4h | 0.2573 | −0.109% | $8.9M | $63.3M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0228% | 4h | 0.2574 | −0.082% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0244% | 4h | 0.2573 | −0.124% | $6.4M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDTlong | +0.0348% | 4h | 0.2576 | long leg | $4.9M | $10.4M | 20x | |
| ApeX Omni USELESSUSDT | +0.0420% | 1h | 0.2558 | −0.706% | $33K | $693K | 25x | as long as short |
| Extended USELESS-USD | +0.0456% | 1h | 0.2576 | −0.005% | $114K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0459% | 4h | 0.2576 | −0.008% | $21.5M | $123.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0461% | 4h | 0.2566 | −0.377% | $19K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0464% | 4h | 0.2580 | +0.140% | $10.3M | $6.2M | 50x | as long as short |
| Aster USELESSUSDT | +0.0506% | 4h | 0.2578 | +0.062% | $510K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0524% | 4h | 0.2575 | −0.066% | $24.6M | $48.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.0532% | 4h | 0.2576 | 0.000% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0718% | 4h | 0.2564 | −0.481% | $1.0M | $1.9M | — | as long as short |
| BloFin USELESS-USDT | +0.0779% | 4h | 0.2576 | −0.008% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1323% | 4h | 0.2578 | +0.066% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2704 | +4.969% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP