USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0610%/8h= +66.8% APRnext payment +$3.05 per $10,000 · paid last 24h +0.018%

Price spread now: Gate against HTX+0.044%50s7-day average +0.004% · you sell dearer than you buy

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

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.044%, 7d avg +0.004%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Gate is 0.040% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 50 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 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.05 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	0.2756	0.0100	pay 0.0050% / 4h	2h 17m	$19K	$518K	20x
Short	Gate USELESS_USDT	0.2757	0.0710	get 0.0355% / 4h	2h 17m	$6.9M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.044%Rate

Funding earned: $128.1
Price spread: +0.044% → +0.004%: $4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $105.1
Costs to cover: 0.270%
Break-even: 1.3 days

Slippage unknown: HTX: live order book, 31 min ago; Gate: live order book, 1 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, 31 min ago	43.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	11.28 bp	123.6 bp −$124	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	0.2753	−0.134%	$1.3M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2755	−0.052%	$539K	$2.1M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2755	−0.056%	$29K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2759	+0.116%	$5.3M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2762	+0.207%	$27K	$253K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2754	−0.073%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2756	long leg	$19K	$518K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2748	−0.287%	$648K	$1.1M	20x	as long as short
Hyperliquid USELESS	+0.0101%	1h	0.2762	+0.207%	$12.1M	$23.3M	3x	as long as short
KuCoin USELESSUSDTM	+0.0108%	4h	0.2754	−0.083%	$5.0M	$10.6M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2761	+0.158%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0156%	4h	0.2760	+0.127%	$9.5M	$67.7M	10x	as long as short
edgeX USELESSUSDC	+0.0207%	4h	0.2720	−1.323%	$20K	$196K	10x	as long as short
MEXC USELESS_USDT	+0.0236%	4h	0.2762	+0.192%	$11.2M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0237%	4h	0.2761	+0.178%	$23.0M	$122.9M	50x	as long as short
Extended USELESS-USD	+0.0240%	1h	0.2755	−0.043%	$137K	$1.2M	5x	as long as short
Bybit USELESSUSDT	+0.0347%	4h	0.2757	+0.022%	$26.0M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0348%	4h	0.2760	+0.138%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0434%	4h	0.2715	−1.499%	$1.0M	$1.8M	—	as long as short
ApeX Omni USELESSUSDT	+0.0556%	1h	0.2772	+0.570%	$49K	$698K	25x	as long as short
BloFin USELESS-USDT	+0.0599%	4h	0.2772	+0.551%	$1.2M	$2.1M	12x	as long as short
Gate USELESS_USDTshort	+0.0710%	4h	0.2757	+0.044%	$6.9M	$8.6M	50x
Orderly PERP_USELESS_USDC	+0.1150%	4h	0.2761	+0.167%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+2.536%	$5K	$11K	5.5x	as long as short