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+0.0016%/8h= +1.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.068%
Price spread now: Bitget against HTX+0.107%7-day average +0.087% · 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+0.133%+$13 on $10k
Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.107%, 7d avg +0.087%
Together, before fees+0.302%+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.26280.0100pay 0.0050% / 4h3h 08m$18K$519K20x
ShortBitget USELESSUSDT0.26310.0116get 0.0058% / 4h3h 08m$5.0M$10.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$3.36
Price spread: +0.107% → +0.087%
$1.93
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$18.71
Costs to cover
0.240%
Break-even
46.0 days
Slippage unknown: HTX: live order book, 45 min ago; Bitget: live order book, 5 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 HTX live order book, 45 min ago30.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago3.98 bp36.5 bp −$36123.7 bp −$1,237doesn'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%1h0.2631+0.118%$1.2M$1.2M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2628+0.018%$519K$2.4M10xas long as short
Pacifica USELESS+0.0100%1h0.2630+0.076%$28K$18K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2628+0.019%$6.6M$8.7M50xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2631+0.114%$25K$238K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2632+0.148%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2628long leg$18K$519K20x
Phemex USELESSUSDT+0.0100%4h0.2627−0.030%$611K$1.1M20xas long as short
Bitget USELESSUSDTshort+0.0116%4h0.2631+0.107%$5.0M$10.3M20x
Aevo USELESS-PERP+0.0152%1h0.2624−0.140%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX USELESS-USDT-SWAP+0.0153%4h0.2635+0.270%$8.9M$63.6M10xas long as short
KuCoin USELESSUSDTM+0.0180%4h0.2629+0.030%$4.8M$10.7M12xas long as short
MEXC USELESS_USDT+0.0286%4h0.2632+0.152%$10.6M$6.1M50xas long as short
Binance USELESSUSDT+0.0287%4h0.2632+0.165%$22.0M$121.6M50xas long as short
Extended USELESS-USD+0.0288%1h0.2633+0.188%$112K$1.1M5xas long as short
edgeX USELESSUSDC+0.0305%4h0.2640+0.459%$20K$196K10xas long as short
Hyperliquid USELESS+0.0348%1h0.2632+0.141%$11.5M$22.5M3xas long as short
ApeX Omni USELESSUSDT+0.0369%1h0.2634+0.228%$36K$695K25xas long as short
Bybit USELESSUSDT+0.0470%4h0.2632+0.160%$24.8M$48.4M13xas long as short
Variational Omni USELESS+0.0589%4h0.2624−0.154%$1.0M$1.8Mas long as short
BingX USELESS-USDT+0.0594%4h0.2635+0.270%$5.3Mas long as short
BloFin USELESS-USDT+0.0723%4h0.2631+0.110%$1.1M$1.9M12xas long as short
Orderly PERP_USELESS_USDC+0.1268%4h0.2631+0.126%$20K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2792+6.256%$5K$11K5.5xas long as short