USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0568%/8h= +62.1% APRnext payment +$2.84 per $10,000 · paid last 24h +0.146%

Price spread now: Bybit against HTX+0.239%7-day average +0.106% · you sell dearer than you buy

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

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.239%, 7d avg +0.106%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bybit is 0.133% dearer against HTX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.106%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.84 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	HTX USELESS-USDT	0.2549	0.0100	pay 0.0050% / 4h	44m 53s	$17K	$519K	20x
Short	Bybit USELESSUSDT	0.2555	0.0668	get 0.0334% / 4h	44m 53s	$24.5M	$48.8M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee HTXbpFee BybitbpOrdersPrice spread, now +0.239%Rate

Funding earned: $119.19
Price spread: +0.239% → +0.106%: $13.34
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $109.52
Costs to cover: 0.230%
Break-even: 0.6 days

Slippage unknown: HTX: live order book, 14 min ago; Bybit: live order book, 4 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 HTX live order book, 14 min ago	50.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.20 bp	20.9 bp −$21	52.5 bp −$525	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	0.2552	+0.098%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2555	+0.218%	$11.5M	$22.7M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2536	−0.513%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2548	−0.039%	$6.4M	$8.7M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2546	−0.126%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2555	+0.231%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2549	long leg	$17K	$519K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2550	+0.020%	$563K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2550	+0.032%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0216%	4h	0.2557	+0.302%	$8.9M	$63.0M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0240%	4h	0.2555	+0.247%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0411%	1h	0.2545	−0.161%	$32K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0418%	4h	0.2553	+0.165%	$4.9M	$10.5M	20x	as long as short
Binance USELESSUSDT	+0.0502%	4h	0.2555	+0.224%	$21.3M	$123.3M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2556	+0.270%	$112K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2554	+0.196%	$10.2M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0511%	4h	0.2542	−0.292%	$19K	$197K	10x	as long as short
Aster USELESSUSDT	+0.0600%	4h	0.2551	+0.076%	$505K	$2.4M	10x	as long as short
BingX USELESS-USDT	+0.0646%	4h	0.2555	+0.231%	—	$5.3M	—	as long as short
Bybit USELESSUSDTshort	+0.0668%	4h	0.2555	+0.239%	$24.5M	$48.8M	13x
Variational Omni USELESS	+0.0843%	4h	0.2536	−0.532%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0925%	4h	0.2554	+0.204%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1327%	4h	0.2556	+0.255%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2703	+6.049%	$5K	$11K	5.5x	as long as short