Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: OKX against HTX+0.493%7-day average +0.071% · you sell dearer than you buy

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

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.493%, 7d avg +0.071%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.421% dearer against HTX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2863	0.0100	pay 0.0050% / 4h	3h 17m	$19K	$510K	20x
Short	OKX USELESS-USDT-SWAP	0.2877	0.0100	get 0.0050% / 4h	3h 17m	$10.1M	$67.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.493%Rate

Funding earned: $0
Price spread: +0.493% → +0.071%: $42.13
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $20.13
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: HTX: live order book, 56 min ago; OKX: live order book, 1 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, 56 min ago	55.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.44 bp	24.6 bp −$25	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	0.2866	+0.119%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2864	+0.059%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0100%	4h	0.2877	+0.493%	$10.1M	$67.5M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2863	+0.021%	$49K	$173K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2863	+0.031%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2863	long leg	$19K	$510K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2861	−0.052%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0160%	4h	0.2865	+0.101%	$5.3M	$10.1M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2861	−0.056%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0444%	1h	0.2856	−0.227%	$40K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance USELESSUSDT	+0.0474%	4h	0.2866	+0.134%	$24.2M	$116.2M	50x	as long as short
edgeX USELESSUSDC	+0.0475%	4h	0.2857	−0.201%	$21K	$193K	10x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2866	+0.106%	$304K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0482%	4h	0.2866	+0.133%	$10.8M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0530%	4h	0.2870	+0.269%	$5.5M	$9.6M	20x	as long as short
Gate USELESS_USDT	+0.0670%	4h	0.2861	−0.052%	$7.2M	$8.4M	50x	as long as short
Bybit USELESSUSDT	+0.0824%	4h	0.2867	+0.150%	$28.1M	$46.3M	13x	as long as short
BingX USELESS-USDT	+0.0866%	4h	0.2878	+0.534%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.1037%	4h	0.2856	−0.235%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1050%	4h	0.2867	+0.143%	$659K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1129%	1h	0.2866	+0.115%	$14.5M	$21.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1240%	4h	0.2868	+0.199%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1352%	4h	0.2871	+0.307%	$1.2M	$2.1M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3023	+5.597%	$5K	$9K	5.5x	as long as short