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 0.000%

Price spread now: SunX against HTX+0.064%7-day average +0.147% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now +0.064%, 7d avg +0.147%

Together, before fees+0.161%+$16 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: SunX is 0.083% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2825	0.0100	pay 0.0050% / 4h	3h 40m	$19K	$505K	20x
Short	SunX USELESS-USDT	0.2826	0.0100	get 0.0050% / 4h	3h 40m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.147%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$28.29
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 32 min ago; SunX: 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, 32 min ago	55.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	45.34 bp	64.6 bp −$65	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	0.2825	+0.007%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2822	−0.103%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2826	+0.060%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2824	−0.007%	$46K	$169K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2826	+0.064%	—	$1.4M	10x
HTX USELESS-USDTlong	+0.0100%	4h	0.2825	long leg	$19K	$505K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2822	−0.106%	$592K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2825	+0.019%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0202%	4h	0.2822	−0.078%	$5.2M	$10.1M	12x	as long as short
Gate USELESS_USDT	+0.0366%	4h	0.2824	−0.021%	$7.1M	$8.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0406%	4h	0.2825	+0.025%	$5.4M	$9.6M	20x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2826	+0.049%	$21K	$192K	10x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2826	+0.041%	$299K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	0.2828	+0.103%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0480%	4h	0.2828	+0.110%	$23.8M	$116.1M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−0.517%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1041%	4h	0.2825	+0.021%	$649K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1069%	4h	0.2825	+0.022%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1160%	1h	0.2831	+0.222%	$14.2M	$21.1M	3x	as long as short
Bybit USELESSUSDT	+0.1222%	4h	0.2828	+0.127%	$27.8M	$45.9M	13x	as long as short
BingX USELESS-USDT	+0.1282%	4h	0.2827	+0.067%	—	$5.0M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1289%	4h	0.2828	+0.138%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.2147%	4h	0.2826	+0.035%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2988	+5.792%	$5K	$9K	5.5x	as long as short