Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Aevo against HTX+0.555%54s7-day average — · you sell dearer than you buy

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

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.555% dearer against HTX than usual: you sell high and buy low: +$55 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2815	0.0100	pay 0.0050% / 4h	3h 43m	$18K	$504K	20x
Short	Aevo USELESS-PERP	0.2831	0.0200	get 0.0025% / 1h	43m 20s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.555%Rate

Funding earned: $21
Price spread: +0.555% → 0.000%: $55.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $48.45
Costs to cover: 0.280%
Break-even: from the start

Slippage unknown: HTX: live order book, 30 min ago; Aevo: no order-book sample. 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 HTX live order book, 30 min ago	55.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2823	+0.284%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2825	+0.348%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2828	+0.462%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2823	+0.298%	$46K	$169K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2814	−0.039%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2815	long leg	$18K	$504K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2814	−0.032%	$591K	$1.2M	20x	as long as short
Aevo USELESS-PERPshort	+0.0200%	1h	0.2831	+0.555%	$10K	—	3x
KuCoin USELESSUSDTM	+0.0210%	4h	0.2822	+0.242%	$5.2M	$10.1M	12x	as long as short
Bitget USELESSUSDT	+0.0398%	4h	0.2828	+0.480%	$5.4M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0466%	4h	0.2817	+0.067%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0478%	4h	0.2827	+0.444%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0479%	4h	0.2828	+0.463%	$23.8M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2825	+0.357%	$297K	$1.2M	5x	as long as short
Gate USELESS_USDT	+0.0506%	4h	0.2823	+0.270%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−0.174%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1031%	4h	0.2825	+0.348%	$649K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1125%	4h	0.2823	+0.281%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1185%	1h	0.2830	+0.536%	$14.2M	$21.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1292%	4h	0.2828	+0.448%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1499%	4h	0.2829	+0.508%	$27.8M	$45.9M	13x	as long as short
BloFin USELESS-USDT	+0.2314%	4h	0.2814	−0.021%	$1.2M	$2.0M	12x	as long as short
BingX USELESS-USDT	+0.2322%	4h	0.2829	+0.515%	—	$5.0M	—	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2983	+5.979%	$5K	$9K	5.5x	as long as short