Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

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 0.000%

Price spread now: SunX against HTX+0.333%7-day average +0.143% · 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)−0.261%−$26 · spread now +0.333%, 7d avg +0.143%

Together, before fees−0.261%−$26 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 0.190% dearer against HTX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2614	0.0100	pay 0.0050% / 4h	3h 27m	$18K	$520K	20x
Short	SunX USELESS-USDT	0.2622	0.0100	get 0.0050% / 4h	3h 27m	—	$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 +0.333%Rate

Funding earned: $0
Price spread: +0.333% → +0.143%: $19.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 26 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, 26 min ago	30.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	45.12 bp	64.2 bp −$64	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	0.2617	+0.122%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2618	+0.161%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2619	+0.191%	$25K	$234K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2622	+0.333%	—	$1.4M	10x
HTX USELESS-USDTlong	+0.0100%	4h	0.2614	long leg	$18K	$520K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2620	+0.233%	$602K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2622	+0.331%	$9K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0169%	1h	0.2619	+0.199%	$36K	$696K	25x	as long as short
Bitget USELESSUSDT	+0.0196%	4h	0.2621	+0.256%	$5.0M	$10.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0197%	4h	0.2615	+0.057%	$8.9M	$63.3M	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	+0.0198%	4h	0.2617	+0.138%	$4.7M	$10.7M	12x	as long as short
Aster USELESSUSDT	+0.0227%	4h	0.2615	+0.049%	$517K	$2.4M	10x	as long as short
Gate USELESS_USDT	+0.0294%	4h	0.2617	+0.122%	$6.5M	$8.6M	50x	as long as short
edgeX USELESSUSDC	+0.0342%	4h	0.2625	+0.412%	$20K	$196K	10x	as long as short
Binance USELESSUSDT	+0.0352%	4h	0.2619	+0.203%	$21.9M	$121.7M	50x	as long as short
Extended USELESS-USD	+0.0352%	1h	0.2621	+0.261%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0354%	4h	0.2620	+0.230%	$10.6M	$6.0M	50x	as long as short
Hyperliquid USELESS	+0.0413%	1h	0.2621	+0.260%	$11.5M	$22.7M	3x	as long as short
Variational Omni USELESS	+0.0637%	4h	0.2628	+0.556%	$1.0M	$1.8M	—	as long as short
Bybit USELESSUSDT	+0.0836%	4h	0.2613	−0.038%	$24.6M	$48.5M	13x	as long as short
BingX USELESS-USDT	+0.0936%	4h	0.2621	+0.275%	—	$5.3M	—	as long as short
BloFin USELESS-USDT	+0.1231%	4h	0.2621	+0.287%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1302%	4h	0.2623	+0.348%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2770	+5.991%	$5K	$11K	5.5x	as long as short