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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0406%/8h= +44.5% APRnext payment +$2.03 per $10,000 · paid last 24h +0.116%
Price spread now: edgeX against HTX−0.353%77s7-day average +0.159% · you buy dearer than you sell
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+0.194%+$19 on $10k
Price spread, last 3 days (all we have)+0.779%+$78 · spread now −0.353%, 7d avg +0.159%
Together, before fees+0.972%+ Points / potential airdropedgeX: Active · farm board+$97 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.512% cheaper against HTX than usual: you would sell low and buy high (spread −0.353% now, against its 7-day average of +0.159%). If the spread goes back, that is −$51 on $10k: about 4.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.194% in total) that is about 19 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.28230.0100pay 0.0050% / 4h31m 49s$19K$495K20x
ShortedgeX USELESSUSDC0.28130.0506get 0.0253% / 4h31m 49s$21K$192K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$85.29
Price spread: −0.353% → +0.159%
−$51.21
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$13.08
Costs to cover
0.210%
Break-even
5.9 days
Slippage unknown: HTX: live order book, 47 min ago; edgeX: live order book, 45 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, 47 min ago45.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 45 min ago1.28 bp113.6 bp −$114doesn'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%1h0.2818−0.170%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2815−0.262%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2815−0.290%$9.9M$66.3M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2822−0.039%$34K$157K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2826+0.117%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2823long leg$19K$495K20x
Phemex USELESSUSDT+0.0100%4h0.2817−0.216%$570K$1.2M20xas long as short
Aevo USELESS-PERP+0.0208%1h0.2816−0.228%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0235%1h0.2810−0.453%$39K$701K25xas long as short
KuCoin USELESSUSDTM+0.0274%4h0.2816−0.227%$5.2M$10.0M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0336%4h0.2815−0.273%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0382%4h0.2814−0.322%$7.0M$8.3M50xas long as short
edgeX USELESSUSDCshort+0.0506%4h0.2813−0.353%$21K$192K10x
Binance USELESSUSDT+0.0508%4h0.2816−0.230%$23.7M$116.0M50xas long as short
MEXC USELESS_USDT+0.0510%4h0.2818−0.181%$10.4M$6.0M50xas long as short
Extended USELESS-USD+0.0512%1h0.2818−0.164%$297K$966K5xas long as short
BingX USELESS-USDT+0.1040%4h0.2817−0.220%$5.0Mas long as short
Bybit USELESSUSDT+0.1046%4h0.2816−0.230%$27.8M$45.7M13xas long as short
Aster USELESSUSDT+0.1111%4h0.2814−0.295%$647K$2.3M10xas long as short
Variational Omni USELESS+0.1218%4h0.2814−0.297%$1.2M$1.8Mas long as short
Orderly PERP_USELESS_USDC+0.1342%4h0.2822−0.018%$22K$1.4M10xas long as short
BloFin USELESS-USDT+0.1381%4h0.2821−0.074%$1.2M$2.0M12xas long as short
Hyperliquid USELESS+0.1545%1h0.2821−0.074%$14.0M$21.0M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2995+6.097%$5K$9K5.5xas long as short