USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0907%/8h= +99.4% APRnext payment +$4.54 per $10,000 · paid last 24h +0.146%

Price spread now: Bybit against HTX−0.313%7-day average +0.108% · you buy dearer than you sell

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

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)+0.952%+$95 · spread now −0.313%, 7d avg +0.108%

Together, before fees+1.218%+$122 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.421% cheaper against HTX than usual: you would sell low and buy high (spread −0.313% now, against its 7-day average of +0.108%). If the spread goes back, that is −$42 on $10k: about 37 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.266% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.54 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	HTX USELESS-USDT	0.2747	0.0100	pay 0.0050% / 4h	1h 20m	$18K	$511K	20x
Short	Bybit USELESSUSDT	0.2738	0.1007	get 0.0504% / 4h	1h 20m	$26.4M	$46.5M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.313%Rate

Funding earned: $190.57
Price spread: −0.313% → +0.108%: −$42.09
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $125.48
Costs to cover: 0.230%
Break-even: 2.4 days

Slippage unknown: HTX: live order book, 43 min ago; Bybit: live order book, 4 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 HTX live order book, 43 min ago	40.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.73 bp	17.5 bp −$18	48.9 bp −$489	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	0.2738	−0.320%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2751	+0.170%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2739	−0.269%	$6.9M	$8.6M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2736	−0.393%	$38K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2746	−0.025%	$38K	$215K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2743	−0.153%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2747	long leg	$18K	$511K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2738	−0.324%	$604K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0206%	4h	0.2737	−0.339%	$9.6M	$64.3M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2743	−0.153%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0274%	4h	0.2747	0.000%	$5.0M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0556%	4h	0.2739	−0.280%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0570%	4h	0.2735	−0.422%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0604%	4h	0.2742	−0.175%	$10.9M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0622%	4h	0.2738	−0.309%	$23.2M	$118.0M	50x	as long as short
Extended USELESS-USD	+0.0624%	1h	0.2740	−0.243%	$289K	$1.1M	5x	as long as short
Hyperliquid USELESS	+0.0699%	1h	0.2739	−0.280%	$13.4M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2739	−0.288%	—	$5.2M	—	as long as short
Bybit USELESSUSDTshort	+0.1007%	4h	0.2738	−0.313%	$26.4M	$46.5M	13x
Variational Omni USELESS	+0.1034%	4h	0.2753	+0.238%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1051%	4h	0.2740	−0.262%	$577K	$2.2M	10x	as long as short
BloFin USELESS-USDT	+0.1280%	4h	0.2753	+0.244%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1390%	4h	0.2744	−0.102%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2892	+5.290%	$5K	$9K	5.5x	as long as short