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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.4% APRnext payment $1.11 per $10,000 · paid last 24h −0.139%
Price spread now: HTX against Bybit+0.253%7-day average −0.108% · you sell dearer than you buy
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−0.288%−$29 on $10k
Price spread, last 4 days (all we have)−0.605%−$61 · spread now +0.253%, 7d avg −0.108%
Together, before fees−0.893%−$89 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.361% dearer against Bybit than usual: you sell high and buy low (spread +0.253% now, against its 7-day average of −0.108%): +$36 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.27660.0322pay 0.0161% / 4h2h 18m$26.1M$48.7M13x
ShortHTX USELESS-USDT0.27730.0100get 0.0050% / 4h2h 18m$19K$518K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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
−$46.72
Price spread: +0.253% → −0.108%
$36.11
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$33.61
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago0.19 bp19.6 bp −$2049.3 bp −$493doesn't fitdoesn't fit
Sell HTX live order book, 30 min ago43.33 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%1h0.2777+0.387%$1.3M$1.2M3xas long as short
Hyperliquid USELESS+0.0100%1h0.2776+0.358%$12.1M$23.3M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2766−0.020%$542K$2.1M10xas long as short
Pacifica USELESS+0.0100%1h0.2775+0.314%$30K$19K3xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2773+0.246%$5.1M$10.6M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2775+0.318%$5.3M$10.4M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2777+0.380%$27K$253K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2777+0.383%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2773+0.253%$19K$518K20x
Phemex USELESSUSDT+0.0100%4h0.2770+0.148%$652K$1.1M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0136%1h0.2779+0.446%$10K3xas long as short
OKX USELESS-USDT-SWAP+0.0159%4h0.2764−0.069%$9.6M$67.8M10xas long as short
edgeX USELESSUSDC+0.0207%4h0.2720−1.680%$20K$196K10xas long as short
Extended USELESS-USD+0.0216%1h0.2777+0.376%$139K$1.2M5xas long as short
MEXC USELESS_USDT+0.0216%4h0.2776+0.343%$11.3M$6.1M50xas long as short
Binance USELESSUSDT+0.0237%4h0.2767+0.011%$23.1M$122.8M50xas long as short
Bybit USELESSUSDTlong+0.0322%4h0.2766long leg$26.1M$48.7M13x
ApeX Omni USELESSUSDT+0.0391%1h0.2701−2.361%$48K$698K25xas long as short
BingX USELESS-USDT+0.0426%4h0.2776+0.333%$5.3Mas long as short
Variational Omni USELESS+0.0434%4h0.2715−1.855%$1.0M$1.8Mas long as short
BloFin USELESS-USDT+0.0599%4h0.2772+0.188%$1.2M$2.1M12xas long as short
Gate USELESS_USDT+0.0734%4h0.2775+0.311%$6.9M$8.6M50xas long as short
Orderly PERP_USELESS_USDC+0.1152%4h0.2776+0.333%$21K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2826+2.165%$5K$11K5.5xas long as short