Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.110%

Price spread now: HTX against Extended+0.108%7-day average −0.095% · you sell dearer than you buy

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

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 3 days (all we have)−0.487%−$49 · spread now +0.108%, 7d avg −0.095%

Together, before fees−0.726%+ Points / potential airdropExtended: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.203% dearer against Extended than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.095%): +$20 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.239% in total) that is about 6.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.4% a year). A funding rate is set anew for every payment. 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	Extended USELESS-USD	0.2833	0.0512	pay 0.0064% / 1h	49m 03s	$298K	$1.2M	5x
Short	HTX USELESS-USDT	0.2836	0.0100	get 0.0050% / 4h	2h 49m	$19K	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$86.52
Price spread: +0.108% → −0.095%: $20.3
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$83.22
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Extended: live order book, 4 min ago; HTX: live order book, 19 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 Extended live order book, 4 min ago	85.59 bp	103.2 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 19 min ago	35.00 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	0.2836	+0.091%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2837	+0.139%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2845	+0.422%	$10.0M	$67.5M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2832	−0.033%	$5.2M	$10.2M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2833	−0.005%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2836	+0.108%	$19K	$515K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2831	−0.086%	$598K	$1.2M	20x	as long as short
Gate USELESS_USDT	+0.0144%	4h	0.2836	+0.098%	$7.1M	$8.3M	50x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2835	+0.064%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0470%	4h	0.2832	−0.038%	$21K	$194K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USELESS-USDlong	+0.0512%	1h	0.2833	long leg	$298K	$1.2M	5x
MEXC USELESS_USDT	+0.0512%	4h	0.2835	+0.052%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0513%	4h	0.2842	+0.295%	$24.1M	$117.7M	50x	as long as short
Bitget USELESSUSDT	+0.0576%	4h	0.2844	+0.384%	$5.4M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0617%	1h	0.2835	+0.077%	$43K	$185K	3x	as long as short
Bybit USELESSUSDT	+0.0624%	4h	0.2842	+0.295%	$27.6M	$46.7M	13x	as long as short
BingX USELESS-USDT	+0.0744%	4h	0.2843	+0.338%	—	$5.1M	—	as long as short
BloFin USELESS-USDT	+0.0886%	4h	0.2835	+0.066%	$1.2M	$2.1M	12x	as long as short
Variational Omni USELESS	+0.0917%	4h	0.2853	+0.680%	$1.2M	$1.7M	—	as long as short
ApeX Omni USELESSUSDT	+0.0961%	1h	0.2850	+0.592%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1056%	4h	0.2839	+0.212%	$653K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1206%	1h	0.2839	+0.220%	$14.2M	$21.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1257%	4h	0.2835	+0.048%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3027	+6.829%	$5K	$9K	5.5x	as long as short