Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.273%
Price spread now: HTX against Hyperliquid−0.437%7-day average −0.197% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.882%−$88 on $10k
Price spread, last 3 days (all we have)+0.107%+$11 · spread now −0.437%, 7d avg −0.197%
Together, before fees−0.775%+ Points / potential airdropHyperliquid: Season 2 · farm board−$78 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and HTX is 0.239% cheaper against Hyperliquid than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.197%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.28220.0904pay 0.0113% / 1h54m 43s$14.1M$21.0M3x
ShortHTX USELESS-USDT0.28100.0100get 0.0050% / 4h2h 54m$18K$514K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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

Funding earned
−$168.82
Price spread: −0.437% → −0.197%
−$23.91
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$213.73
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; HTX: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago6.24 bp27.6 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 14 min ago35.00 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2821−0.047%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2818−0.128%$31K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2817−0.167%$9.9M$66.8M10xas long as short
Gate USELESS_USDT+0.0100%4h0.2810−0.433%$7.1M$8.3M50xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2834+0.428%$39K$698K25xas long as short
SunX USELESS-USDT+0.0100%4h0.2811−0.383%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2810−0.437%$18K$514K20x
Phemex USELESSUSDT+0.0100%4h0.2806−0.571%$593K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0116%4h0.2818−0.150%$5.2M$10.2M12xas long as short
Aevo USELESS-PERP+0.0200%1h0.2811−0.385%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps USELESS-USD+0.0390%1h0.2814−0.274%$45K$183K3xas long as short
Binance USELESSUSDT+0.0483%4h0.2820−0.068%$23.8M$117.4M50xas long as short
Extended USELESS-USD+0.0488%1h0.2816−0.211%$297K$1.2M5xas long as short
MEXC USELESS_USDT+0.0488%4h0.2820−0.054%$11.0M$6.0M50xas long as short
edgeX USELESSUSDC+0.0488%4h0.2844+0.799%$21K$193K10xas long as short
Bitget USELESSUSDT+0.0578%4h0.2815−0.231%$5.4M$9.9M20xas long as short
BingX USELESS-USDT+0.0692%4h0.2818−0.125%$5.1Mas long as short
Bybit USELESSUSDT+0.0829%4h0.2817−0.192%$27.4M$46.6M13xas long as short
Hyperliquid USELESSlong+0.0904%1h0.2822long leg$14.1M$21.0M3x
Variational Omni USELESS+0.0962%4h0.2815−0.259%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1014%4h0.2813−0.332%$647K$2.3M10xas long as short
BloFin USELESS-USDT+0.1051%4h0.2811−0.383%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1244%4h0.2811−0.391%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2975+5.425%$5K$9K5.5xas long as short