Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.027%7-day average +0.155% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.360%−$36 · spread now +0.027%, 7d avg +0.155%

Together, before fees−0.360%−$36 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: SunX is 0.128% cheaper against HTX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2940	0.0100	pay 0.0050% / 4h	2h 57m	$40K	$562K	20x
Short	SunX USELESS-USDT	0.2940	0.0100	get 0.0050% / 4h	2h 57m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.155%: −$12.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 36 min ago; SunX: live order book, 7 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, 36 min ago	57.77 bp	135.9 bp −$136	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	46.04 bp	65.4 bp −$65	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	0.2943	+0.109%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2941	+0.054%	$31K	$20K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2951	+0.384%	$10.9M	$77.2M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2950	+0.361%	$5.4M	$10.9M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2953	+0.459%	$5.7M	$11.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2932	−0.276%	$28K	$284K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2940	+0.027%	—	$1.4M	10x
HTX USELESS-USDTlong	+0.0100%	4h	0.2940	long leg	$40K	$562K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2937	−0.102%	$670K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2935	−0.156%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster USELESSUSDT	+0.0306%	4h	0.2948	+0.286%	$653K	$2.4M	10x	as long as short
Gate USELESS_USDT	+0.0380%	4h	0.2957	+0.589%	$7.5M	$8.7M	50x	as long as short
edgeX USELESSUSDC	+0.0576%	4h	0.3010	+2.393%	$23K	$201K	10x	as long as short
Binance USELESSUSDT	+0.0591%	4h	0.2952	+0.436%	$25.6M	$134.8M	50x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2945	+0.187%	$282K	$1.6M	5x	as long as short
MEXC USELESS_USDT	+0.0598%	4h	0.2950	+0.354%	$14.9M	$6.8M	50x	as long as short
Hyperliquid USELESS	+0.0731%	1h	0.2949	+0.320%	$13.5M	$24.1M	3x	as long as short
ApeX Omni USELESSUSDT	+0.0871%	1h	0.3006	+2.259%	$56K	$691K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.0980%	4h	0.2931	−0.296%	$21K	$2.0M	10x	as long as short
Variational Omni USELESS	+0.1077%	4h	0.3011	+2.415%	$1.3M	$1.7M	—	as long as short
Bybit USELESSUSDT	+0.1320%	4h	0.2951	+0.388%	$29.5M	$53.7M	13x	as long as short
BingX USELESS-USDT	+0.1358%	4h	0.2955	+0.520%	—	$5.7M	—	as long as short
BloFin USELESS-USDT	+0.1881%	4h	0.2970	+1.044%	$1.3M	$2.3M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3187	+8.430%	$5K	$10K	5.5x	as long as short