USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.013%

Price spread now: Gate against HTX−0.493%7-day average +0.009% · you buy dearer than you sell

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

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.759%+$76 · spread now −0.493%, 7d avg +0.009%

Together, before fees+0.812%+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.503% cheaper against HTX than usual: you would sell low and buy high (spread −0.493% now, against its 7-day average of +0.009%). If the spread goes back, that is −$50 on $10k: about 5.6 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.053% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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	0.2839	0.0100	pay 0.0050% / 4h	1h 39m	$30K	$418K	20x
Short	Gate USELESS_USDT	0.2825	0.0400	get 0.0200% / 4h	1h 39m	$7.1M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.493%Rate

Funding earned: $63
Price spread: −0.493% → +0.009%: −$50.26
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.26
Costs to cover: 0.270%
Break-even: 8.6 days

Slippage unknown: HTX: live order book, 44 min ago; Gate: 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, 44 min ago	46.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.00 bp	64.0 bp −$64	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	0.2827	−0.426%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2825	−0.495%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2824	−0.507%	$10.0M	$64.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2826	−0.444%	$27K	$143K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2826	−0.469%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2839	long leg	$30K	$418K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2822	−0.581%	$580K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2828	−0.377%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0342%	4h	0.2822	−0.588%	$5.2M	$9.8M	12x	as long as short
Gate USELESS_USDTshort	+0.0400%	4h	0.2825	−0.493%	$7.1M	$7.9M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0489%	1h	0.2825	−0.486%	$40K	$700K	25x	as long as short
Bitget USELESSUSDT	+0.0536%	4h	0.2826	−0.440%	$5.5M	$8.9M	20x	as long as short
edgeX USELESSUSDC	+0.0559%	4h	0.2830	−0.312%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0568%	1h	0.2826	−0.459%	$298K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0568%	4h	0.2826	−0.444%	$10.0M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0569%	4h	0.2828	−0.382%	$23.9M	$111.9M	50x	as long as short
Hyperliquid USELESS	+0.1186%	1h	0.2828	−0.366%	$14.3M	$20.0M	3x	as long as short
Aster USELESSUSDT	+0.1252%	4h	0.2828	−0.370%	$654K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1256%	4h	0.2828	−0.398%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1418%	4h	0.2828	−0.387%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1515%	4h	0.2828	−0.391%	$28.6M	$43.4M	13x	as long as short
Variational Omni USELESS	+0.1535%	4h	0.2824	−0.513%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.2004%	4h	0.2828	−0.395%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+5.640%	$5K	$9K	5.5x	as long as short