Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.115%

Price spread now: Extended against HTX+0.290%7-day average +0.096% · you sell dearer than you buy

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

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now +0.290%, 7d avg +0.096%

Together, before fees+0.506%+ Points / potential airdropExtended: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.193% dearer against HTX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.096%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.250% in total (about 13.0% 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	HTX USELESS-USDT	0.2560	0.0100	pay 0.0050% / 4h	30m 55s	$17K	$521K	20x
Short	Extended USELESS-USD	0.2567	0.0464	get 0.0058% / 1h	30m 55s	$113K	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.290%Rate

Funding earned: $76.44
Price spread: +0.290% → +0.096%: $19.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $78.77
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: HTX: live order book, 28 min ago; Extended: live order book, 2 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, 28 min ago	50.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	6.80 bp	72.3 bp −$72	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	0.2564	+0.172%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2569	+0.355%	$11.4M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2562	+0.094%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2560	+0.004%	$34K	$221K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2565	+0.199%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2560	long leg	$17K	$521K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2566	+0.250%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2562	+0.084%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0204%	4h	0.2572	+0.477%	$8.9M	$63.3M	10x	as long as short
Gate USELESS_USDT	+0.0224%	4h	0.2568	+0.309%	$6.4M	$8.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0234%	4h	0.2566	+0.242%	$4.6M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0360%	4h	0.2568	+0.336%	$4.9M	$10.4M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0420%	1h	0.2558	−0.070%	$33K	$693K	25x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	−0.261%	$19K	$196K	10x	as long as short
Extended USELESS-USDshort	+0.0464%	1h	0.2567	+0.290%	$113K	$1.2M	5x
MEXC USELESS_USDT	+0.0464%	4h	0.2569	+0.355%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0465%	4h	0.2572	+0.461%	$21.4M	$123.3M	50x	as long as short
Aster USELESSUSDT	+0.0515%	4h	0.2567	+0.283%	$508K	$2.4M	10x	as long as short
BingX USELESS-USDT	+0.0532%	4h	0.2571	+0.449%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0543%	4h	0.2569	+0.340%	$24.5M	$48.6M	13x	as long as short
Variational Omni USELESS	+0.0718%	4h	0.2564	+0.156%	$1.0M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.0797%	4h	0.2566	+0.246%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1325%	4h	0.2567	+0.270%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+5.641%	$5K	$11K	5.5x	as long as short