USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.112%

Price spread now: MEXC against HTX−0.478%7-day average +0.139% · you buy dearer than you sell

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

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.878%+$88 · spread now −0.478%, 7d avg +0.139%

Together, before fees+1.115%+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.617% cheaper against HTX than usual: you would sell low and buy high (spread −0.478% now, against its 7-day average of +0.139%). If the spread goes back, that is −$62 on $10k: about 17 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2657	0.0100	pay 0.0050% / 4h	2h 39m	$18K	$519K	20x
Short	MEXC USELESS_USDT	0.2645	0.0222	get 0.0111% / 4h	2h 39m	$10.7M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.478%Rate

Funding earned: $25.62
Price spread: −0.478% → +0.139%: −$61.66
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$56.04
Costs to cover: 0.200%
Break-even: 22.3 days

Slippage unknown: HTX: live order book, 9 min ago; MEXC: live order book, 3 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, 9 min ago	43.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.56 bp	6.8 bp −$7	40.6 bp −$406	140.0 bp −$14.0K	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	0.2641	−0.602%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2640	−0.666%	$11.4M	$22.8M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2646	−0.421%	$519K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2643	−0.537%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2665	+0.267%	$26K	$245K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2658	+0.019%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2657	long leg	$18K	$519K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2657	−0.011%	$630K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0108%	4h	0.2643	−0.546%	$5.1M	$10.4M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2639	−0.692%	$4.8M	$10.6M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0136%	1h	0.2670	+0.464%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0144%	4h	0.2643	−0.534%	$9.0M	$64.4M	10x	as long as short
Binance USELESSUSDT	+0.0202%	4h	0.2646	−0.424%	$22.0M	$122.0M	50x	as long as short
edgeX USELESSUSDC	+0.0216%	4h	0.2691	+1.274%	$20K	$195K	10x	as long as short
MEXC USELESS_USDTshort	+0.0222%	4h	0.2645	−0.478%	$10.7M	$6.0M	50x
Extended USELESS-USD	+0.0224%	1h	0.2645	−0.475%	$113K	$1.1M	5x	as long as short
Bybit USELESSUSDT	+0.0379%	4h	0.2641	−0.606%	$24.9M	$48.5M	13x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2643	−0.523%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0513%	4h	0.2699	+1.570%	$1.1M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0618%	4h	0.2643	−0.553%	$6.6M	$8.6M	50x	as long as short
BloFin USELESS-USDT	+0.0654%	4h	0.2694	+1.374%	$1.1M	$2.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0832%	1h	0.2687	+1.114%	$47K	$698K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1203%	4h	0.2667	+0.346%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+6.352%	$5K	$11K	5.5x	as long as short