USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.53 per $10,000 · paid last 24h −0.112%

Price spread now: HTX against MEXC−0.342%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 MEXC Short on HTX

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)−0.058%−$6 · spread now −0.342%, 7d avg −0.139%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.203% cheaper against MEXC than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.139%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2689	0.0206	pay 0.0103% / 4h	2h 35m	$10.9M	$6.0M	50x
Short	HTX USELESS-USDT	0.2680	0.0100	get 0.0050% / 4h	2h 35m	$18K	$519K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.342%Rate

Funding earned: −$22.26
Price spread: −0.342% → −0.139%: −$20.35
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; HTX: live order book, 13 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 MEXC live order book, 2 min ago	1.31 bp	13.2 bp −$13	45.5 bp −$455	129.2 bp −$12.9K	doesn't fit
Sell HTX live order book, 13 min ago	43.33 bp	doesn't fit	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	0.2688	−0.033%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2687	−0.048%	$11.6M	$22.9M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2684	−0.182%	$526K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2680	−0.327%	$28K	$18K	3x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2650	−1.439%	$47K	$698K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2687	−0.056%	$26K	$247K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2684	−0.179%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2680	−0.342%	$18K	$519K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2684	−0.167%	$639K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0116%	4h	0.2685	−0.145%	$5.2M	$10.4M	20x	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	0.2688	−0.020%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0140%	4h	0.2684	−0.190%	$4.9M	$10.6M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0152%	4h	0.2687	−0.056%	$9.2M	$65.6M	10x	as long as short
MEXC USELESS_USDTlong	+0.0206%	4h	0.2689	long leg	$10.9M	$6.0M	50x
edgeX USELESSUSDC	+0.0219%	4h	0.2658	−1.151%	$20K	$196K	10x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2689	+0.021%	$114K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0225%	4h	0.2689	+0.014%	$22.4M	$122.2M	50x	as long as short
BingX USELESS-USDT	+0.0346%	4h	0.2688	−0.041%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0413%	4h	0.2686	−0.082%	$25.3M	$48.5M	13x	as long as short
Variational Omni USELESS	+0.0516%	4h	0.2686	−0.101%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0613%	4h	0.2681	−0.294%	$1.1M	$2.0M	12x	as long as short
Gate USELESS_USDT	+0.0810%	4h	0.2686	−0.119%	$6.7M	$8.6M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1198%	4h	0.2688	−0.037%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+5.114%	$5K	$11K	5.5x	as long as short