Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.022%7-day average −0.146% · you buy dearer than you sell

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

Long on SunX Short on HTX

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)−0.050%−$5 · spread now −0.022%, 7d avg −0.146%

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: HTX is 0.124% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2738	0.0100	pay 0.0050% / 4h	1h 21m	—	$1.4M	10x
Short	HTX USELESS-USDT	0.2738	0.0100	get 0.0050% / 4h	1h 21m	$18K	$488K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.146%: $12.42
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$7.58
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; HTX: live order book, 61 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 SunX live order book, 3 min ago	45.19 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 61 min ago	46.22 bp	293.6 bp −$294	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	0.2736	−0.073%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2735	−0.131%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2737	−0.029%	$9.6M	$63.2M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2736	−0.095%	$26K	$145K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2738	long leg	—	$1.4M	10x
HTX USELESS-USDTshort	+0.0100%	4h	0.2738	−0.022%	$18K	$488K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2724	−0.533%	$558K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2735	−0.117%	$38K	$699K	25x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2734	−0.156%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2735	−0.117%	$5.1M	$9.8M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0378%	4h	0.2737	−0.051%	$6.9M	$8.0M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	0.2737	−0.029%	$20K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0500%	4h	0.2740	+0.073%	$9.9M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0501%	4h	0.2741	+0.108%	$23.2M	$113.6M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2739	+0.044%	$287K	$965K	5x	as long as short
Bitget USELESSUSDT	+0.0514%	4h	0.2740	+0.058%	$5.3M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0901%	1h	0.2740	+0.058%	$13.3M	$20.5M	3x	as long as short
Aster USELESSUSDT	+0.1136%	4h	0.2735	−0.108%	$642K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1261%	4h	0.2740	+0.055%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1294%	4h	0.2745	+0.237%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1377%	4h	0.2739	+0.015%	$27.4M	$44.5M	13x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2741	+0.113%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1771%	4h	0.2734	−0.153%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+7.151%	$5K	$9K	5.5x	as long as short