Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.030%

Price spread now: HTX against Aevo−0.350%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.350% cheaper against Aevo than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2609	0.0240	pay 0.0030% / 1h	6m 09s	$9K	—	3x
Short	HTX USELESS-USDT	0.2600	0.0100	get 0.0050% / 4h	1h 06m	$17K	$514K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now −0.350%Rate

Funding earned: −$29.4
Price spread: −0.350% → 0.000%: −$34.95
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$92.35
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 57 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 Aevo no order-book sample	—	—	—	—	—
Sell HTX live order book, 57 min ago	40.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2604	−0.189%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2620	+0.420%	$29K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2600	−0.369%	$6.5M	$8.7M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2607	−0.077%	$36K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2607	−0.097%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2600	−0.350%	$17K	$514K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2602	−0.292%	$570K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0221%	4h	0.2589	−0.767%	$9.1M	$62.1M	10x	as long as short
Aevo USELESS-PERPlong	+0.0240%	1h	0.2609	long leg	$9K	—	3x
KuCoin USELESSUSDTM	+0.0298%	4h	0.2602	−0.273%	$4.7M	$10.4M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0336%	1h	0.2706	+3.709%	$37K	$694K	25x	as long as short
Bitget USELESSUSDT	+0.0540%	4h	0.2604	−0.192%	$5.0M	$10.2M	20x	as long as short
Hyperliquid USELESS	+0.0573%	1h	0.2603	−0.231%	$12.2M	$21.8M	3x	as long as short
edgeX USELESSUSDC	+0.0598%	4h	0.2708	+3.788%	$20K	$195K	10x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2603	−0.234%	$279K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0610%	4h	0.2597	−0.467%	$22.0M	$120.2M	50x	as long as short
MEXC USELESS_USDT	+0.0630%	4h	0.2605	−0.169%	$10.4M	$6.2M	50x	as long as short
BingX USELESS-USDT	+0.0926%	4h	0.2605	−0.169%	—	$5.2M	—	as long as short
Aster USELESSUSDT	+0.0939%	4h	0.2598	−0.442%	$515K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0949%	4h	0.2586	−0.890%	$24.9M	$47.8M	13x	as long as short
Variational Omni USELESS	+0.1010%	4h	0.2603	−0.246%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1238%	4h	0.2621	+0.455%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1390%	4h	0.2606	−0.104%	$20K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2877	+10.251%	$5K	$9K	5.5x	as long as short