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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1693%/8h= +185.4% APRnext payment +$8.47 per $10,000 · paid last 24h +0.207%
Price spread now: BloFin against HTX−0.576%59s7-day average +0.154% · 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+0.754%+$75 on $10k
Price spread, last 3 days (all we have)+0.722%+$72 · spread now −0.576%, 7d avg +0.154%
Together, before fees+1.477%+$148 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.730% cheaper against HTX than usual: you would sell low and buy high (spread −0.576% now, against its 7-day average of +0.154%). If the spread goes back, that is −$73 on $10k: about 34 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.754% in total) that is about 6.8 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.754% in total (about 39.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.27410.0100pay 0.0050% / 4h1h 17m$18K$489K20x
ShortBloFin USELESS-USDT0.27250.1793get 0.0897% / 4h1h 17m$1.2M$1.9M12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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
$355.58
Price spread: −0.576% → +0.154%
−$73.02
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$258.56
Costs to cover
0.240%
Break-even
1.9 days
Slippage unknown: HTX: live order book, 65 min ago; BloFin: live order book, 5 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 HTX live order book, 65 min ago46.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.37 bp11.5 bp −$1132.7 bp −$327doesn'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%1h0.2728−0.474%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2727−0.509%$30K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2727−0.514%$9.5M$63.1M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2736−0.182%$26K$146K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2737−0.153%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2741long leg$18K$489K20x
Phemex USELESSUSDT+0.0100%4h0.2726−0.547%$559K$1.2M20xas long as short
Aevo USELESS-PERP+0.0200%1h0.2734−0.277%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0277%1h0.2731−0.372%$38K$700K25xas long as short
KuCoin USELESSUSDTM+0.0326%4h0.2727−0.525%$5.1M$9.9M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0350%4h0.2725−0.606%$6.8M$8.1M50xas long as short
Extended USELESS-USD+0.0480%1h0.2727−0.503%$287K$965K5xas long as short
MEXC USELESS_USDT+0.0480%4h0.2729−0.452%$9.9M$5.9M50xas long as short
edgeX USELESSUSDC+0.0489%4h0.2733−0.282%$20K$191K10xas long as short
Binance USELESSUSDT+0.0489%4h0.2729−0.463%$23.1M$114.0M50xas long as short
Bitget USELESSUSDT+0.0492%4h0.2726−0.555%$5.2M$9.1M20xas long as short
Hyperliquid USELESS+0.0843%1h0.2728−0.471%$13.3M$20.6M3xas long as short
Aster USELESSUSDT+0.1118%4h0.2728−0.490%$639K$2.2M10xas long as short
Orderly PERP_USELESS_USDC+0.1269%4h0.2737−0.150%$21K$1.4M10xas long as short
BingX USELESS-USDT+0.1320%4h0.2730−0.394%$5.0Mas long as short
Bybit USELESSUSDT+0.1384%4h0.2731−0.390%$27.3M$44.7M13xas long as short
Variational Omni USELESS+0.1483%4h0.2728−0.467%$1.1M$1.8Mas long as short
BloFin USELESS-USDTshort+0.1793%4h0.2725−0.576%$1.2M$1.9M12x
Injective USELESS/USDC PERP+0.5000%1h0.2894+5.589%$5K$9K5.5xas long as short