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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.037%
Price spread now: Phemex against HTX−0.044%7-day average +0.111% · 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+0.160%+$16 on $10k
Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.044%, 7d avg +0.111%
Together, before fees+0.441%+$44 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.155% cheaper against HTX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.27460.0100pay 0.0050% / 4h1h 55m$19K$517K20x
ShortPhemex USELESSUSDT0.27450.0100get 0.0050% / 4h1h 55m$639K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: −0.044% → +0.111%
−$15.5
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$39.5
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 53 min ago; Phemex: live order book, 2 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, 53 min ago43.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago18.17 bp56.3 bp −$56doesn'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%1h0.2748+0.095%$1.3M$1.2M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2747+0.029%$538K$2.1M10xas long as short
Pacifica USELESS+0.0100%1h0.2751+0.192%$29K$19K3xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2748+0.073%$5.0M$10.6M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2748+0.066%$5.3M$10.4M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2748+0.066%$26K$257K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2753+0.259%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2746long leg$19K$517K20x
Phemex USELESSUSDTshort+0.0100%4h0.2745−0.044%$639K$1.2M20x
Aevo USELESS-PERP+0.0136%1h0.2749+0.116%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX USELESS-USDT-SWAP+0.0148%4h0.2751+0.193%$9.5M$67.9M10xas long as short
edgeX USELESSUSDC+0.0221%4h0.2762+0.573%$21K$195K10xas long as short
Binance USELESSUSDT+0.0223%4h0.2750+0.153%$22.8M$123.2M50xas long as short
MEXC USELESS_USDT+0.0228%4h0.2749+0.098%$11.2M$6.0M50xas long as short
Extended USELESS-USD+0.0232%1h0.2752+0.220%$136K$1.2M5xas long as short
Gate USELESS_USDT+0.0274%4h0.2745−0.022%$6.9M$8.6M50xas long as short
Hyperliquid USELESS+0.0291%1h0.2750+0.138%$11.9M$23.3M3xas long as short
BingX USELESS-USDT+0.0384%4h0.2750+0.131%$5.3Mas long as short
Bybit USELESSUSDT+0.0393%4h0.2748+0.095%$25.8M$48.7M13xas long as short
Variational Omni USELESS+0.0452%4h0.2748+0.068%$1.0M$1.8Mas long as short
ApeX Omni USELESSUSDT+0.0571%1h0.2759+0.477%$49K$700K25xas long as short
BloFin USELESS-USDT+0.0654%4h0.2757+0.415%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1066%4h0.2752+0.222%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2924+6.504%$5K$11K5.5xas long as short