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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: HTX against Lighter−0.104%7-day average −0.088% · 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−0.084%−$8 on $10k
Price spread, last 3 days (all we have)−0.207%−$21 · spread now −0.104%, 7d avg −0.088%
Together, before fees−0.292%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.28730.0096pay 0.0012% / 1h0m 54s$1.3M$1.1M3x
ShortHTX USELESS-USDT0.28700.0100get 0.0050% / 4h3h 00m$19K$513K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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
$0.84
Price spread: −0.104% → −0.088%
−$1.67
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$12.83
Costs to cover
0.120%
Break-even
113.9 days
Slippage unknown: Lighter: live order book, 5 min ago; HTX: live order book, 8 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 Lighter live order book, 5 min ago4.13 bp20.1 bp −$2052.9 bp −$529doesn't fitdoesn't fit
Sell HTX live order book, 8 min ago35.00 bpdoesn't fitdoesn'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 USELESSlong+0.0096%1h0.2873long leg$1.3M$1.1M3x
Pacifica USELESS+0.0100%1h0.2870−0.091%$32K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2873+0.014%$10.1M$67.9M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2873+0.014%$47K$179K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2872−0.038%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2870−0.104%$19K$513K20x
Phemex USELESSUSDT+0.0100%4h0.2869−0.118%$606K$1.2M20xas long as short
Gate USELESS_USDT+0.0112%4h0.2868−0.174%$7.2M$8.5M50xas long as short
KuCoin USELESSUSDTM+0.0130%4h0.2871−0.042%$5.3M$10.2M12xas long as short
Aevo USELESS-PERP+0.0208%1h0.2871−0.044%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni USELESSUSDT+0.0342%1h0.2882+0.327%$40K$698K25xas long as short
edgeX USELESSUSDC+0.0495%4h0.2884+0.406%$21K$194K10xas long as short
Extended USELESS-USD+0.0496%1h0.2872−0.004%$302K$1.2M5xas long as short
Binance USELESSUSDT+0.0498%4h0.2875+0.087%$24.3M$116.9M50xas long as short
MEXC USELESS_USDT+0.0502%4h0.2874+0.056%$11.2M$6.1M50xas long as short
Bitget USELESSUSDT+0.0602%4h0.2872−0.031%$5.5M$9.7M20xas long as short
Bybit USELESSUSDT+0.0801%4h0.2874+0.059%$28.0M$46.4M13xas long as short
BingX USELESS-USDT+0.0880%4h0.2875+0.097%$5.1Mas long as short
Variational Omni USELESS+0.0953%4h0.2873+0.010%$1.2M$1.7Mas long as short
BloFin USELESS-USDT+0.1067%4h0.2873+0.003%$1.2M$2.1M12xas long as short
Aster USELESSUSDT+0.1081%4h0.2872−0.035%$661K$2.3M10xas long as short
Hyperliquid USELESS+0.1096%1h0.2875+0.087%$14.4M$21.0M3xas long as short
Orderly PERP_USELESS_USDC+0.1242%4h0.2872−0.024%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3073+6.983%$5K$9K5.5xas long as short