USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0424%/8h= −46.4% APRnext payment −$2.12 per $10,000 · paid last 24h −0.091%

Price spread now: HTX against Bitget−0.133%7-day average −0.095% · you buy dearer than you sell

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

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.133%, 7d avg −0.095%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.039% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.095%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2855	0.0524	pay 0.0262% / 4h	2h 05m	$5.5M	$8.8M	20x
Short	HTX USELESS-USDT	0.2852	0.0100	get 0.0050% / 4h	2h 05m	$20K	$388K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$89.04
Price spread: −0.133% → −0.095%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$116.89
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; HTX: live order book, 18 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 Bitget live order book, 3 min ago	3.34 bp	25.5 bp −$25	101.8 bp −$1,018	doesn't fit	doesn't fit
Sell HTX live order book, 18 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	0.2853	−0.098%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2849	−0.221%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2854	−0.056%	$10.1M	$64.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2852	−0.112%	$28K	$139K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2853	−0.091%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2852	−0.133%	$20K	$388K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2837	−0.637%	$570K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2854	−0.047%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0284%	4h	0.2850	−0.182%	$5.3M	$9.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0346%	1h	0.2849	−0.224%	$41K	$698K	25x	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	+0.0448%	4h	0.2850	−0.196%	$7.1M	$7.9M	50x	as long as short
Bitget USELESSUSDTlong	+0.0524%	4h	0.2855	long leg	$5.5M	$8.8M	20x
MEXC USELESS_USDT	+0.0590%	4h	0.2854	−0.046%	$10.0M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2854	−0.056%	$299K	$968K	5x	as long as short
Binance USELESSUSDT	+0.0595%	4h	0.2856	+0.014%	$24.3M	$110.7M	50x	as long as short
edgeX USELESSUSDC	+0.0608%	4h	0.2849	−0.237%	$21K	$190K	10x	as long as short
BingX USELESS-USDT	+0.1094%	4h	0.2857	+0.060%	—	$4.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1205%	4h	0.2855	−0.025%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1283%	4h	0.2854	−0.056%	$661K	$2.2M	10x	as long as short
Bybit USELESSUSDT	+0.1377%	4h	0.2855	−0.007%	$28.9M	$43.1M	13x	as long as short
Variational Omni USELESS	+0.1388%	4h	0.2853	−0.076%	$1.2M	$1.8M	—	as long as short
Hyperliquid USELESS	+0.1522%	1h	0.2858	+0.074%	$14.6M	$19.8M	3x	as long as short
BloFin USELESS-USDT	+0.1621%	4h	0.2851	−0.154%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+5.288%	$5K	$10K	5.5x	as long as short