Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: HTX against Polymarket Perps+0.004%46s7-day average −0.115% · you sell dearer than you buy

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

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.537%−$54 · spread now +0.004%, 7d avg −0.115%

Together, before fees−0.500%−$50 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: HTX is 0.118% dearer against Polymarket Perps than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.115%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2724	0.0100	pay 0.0013% / 1h	10m 25s	$26K	$147K	3x
Short	HTX USELESS-USDT	0.2724	0.0100	get 0.0050% / 4h	1h 10m	$18K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.115%: $11.85
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 6 min ago; HTX: live order book, 8 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 Polymarket Perps live order book, 6 min ago	2.38 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 8 min ago	45.05 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	0.2726	+0.062%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2725	+0.048%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2724	0.000%	$9.5M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	0.2724	long leg	$26K	$147K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2725	+0.022%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2724	+0.004%	$18K	$489K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.106%	$557K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0197%	1h	0.2729	+0.184%	$38K	$700K	25x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2729	+0.173%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0322%	4h	0.2723	−0.029%	$6.8M	$8.1M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0326%	4h	0.2724	−0.004%	$5.1M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0464%	4h	0.2723	−0.022%	$5.2M	$9.1M	20x	as long as short
edgeX USELESSUSDC	+0.0474%	4h	0.2735	+0.420%	$20K	$190K	10x	as long as short
Binance USELESSUSDT	+0.0478%	4h	0.2726	+0.075%	$23.0M	$114.2M	50x	as long as short
MEXC USELESS_USDT	+0.0484%	4h	0.2725	+0.048%	$9.9M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2725	+0.045%	$287K	$966K	5x	as long as short
Hyperliquid USELESS	+0.0844%	1h	0.2726	+0.066%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1094%	4h	0.2726	+0.077%	$638K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1286%	4h	0.2727	+0.103%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1296%	4h	0.2726	+0.081%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1329%	4h	0.2725	+0.040%	$27.3M	$44.8M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	+0.055%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1762%	4h	0.2727	+0.092%	$1.1M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.256%	$5K	$9K	5.5x	as long as short