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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.225%
Price spread now: Hyperliquid against HTX+0.500%48s7-day average +0.201% · you sell dearer than you buy
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+0.920%+$92 on $10k
Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.500%, 7d avg +0.201%
Together, before fees+0.750%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.299% dearer against HTX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.201%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.27800.0100pay 0.0050% / 4h1h 37m$19K$516K20x
ShortHyperliquid USELESS0.27940.0300get 0.0037% / 1h37m 27s$12.1M$23.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$41.94
Price spread: +0.500% → +0.201%
$29.92
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$50.86
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: HTX: live order book, 6 min ago; Hyperliquid: live order book, 6 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, 6 min ago54.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.90 bp22.6 bp −$23doesn't fitdoesn'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%1h0.2793+0.468%$1.3M$1.3M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2793+0.450%$547K$2.2M10xas long as short
Pacifica USELESS+0.0100%1h0.2793+0.464%$30K$19K3xas long as short
Bitget USELESSUSDT+0.0100%4h0.2793+0.442%$5.4M$10.4M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2793+0.450%$27K$260K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2785+0.173%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2780long leg$19K$516K20x
Phemex USELESSUSDT+0.0100%4h0.2783+0.108%$644K$1.2M20xas long as short
ApeX Omni USELESSUSDT+0.0143%1h0.2782+0.058%$49K$700K25xas long as short
Aevo USELESS-PERP+0.0152%1h0.2785+0.180%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0168%4h0.2790+0.360%$5.1M$10.6M12xas long as short
OKX USELESS-USDT-SWAP+0.0171%4h0.2791+0.378%$9.5M$69.3M10xas long as short
edgeX USELESSUSDC+0.0262%4h0.2792+0.421%$21K$196K10xas long as short
Extended USELESS-USD+0.0288%1h0.2794+0.505%$138K$834K5xas long as short
MEXC USELESS_USDT+0.0288%4h0.2796+0.568%$11.6M$6.1M50xas long as short
Binance USELESSUSDT+0.0288%4h0.2793+0.464%$23.2M$123.8M50xas long as short
Hyperliquid USELESSshort+0.0300%1h0.2794+0.500%$12.1M$23.4M3x
Variational Omni USELESS+0.0591%4h0.2788+0.279%$1.0M$1.8Mas long as short
BingX USELESS-USDT+0.0603%4h0.2793+0.457%$5.3Mas long as short
Gate USELESS_USDT+0.0642%4h0.2789+0.295%$6.9M$8.6M50xas long as short
Bybit USELESSUSDT+0.0647%4h0.2790+0.338%$26.2M$48.8M13xas long as short
BloFin USELESS-USDT+0.0891%4h0.2791+0.378%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1054%4h0.2789+0.317%$21K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2953+6.201%$5K$11K5.5xas long as short