USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1220%/8h= −133.6% APRnext payment −$6.10 per $10,000 · paid last 24h −0.140%

Price spread now: HTX against BingX−0.022%7-day average −0.110% · you buy dearer than you sell

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

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 3 days (all we have)−0.332%−$33 · spread now −0.022%, 7d avg −0.110%

Together, before fees−0.592%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.088% dearer against BingX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.110%): +$9 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.260% in total) that is about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.260% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2728	0.1320	pay 0.0660% / 4h	1h 15m	—	$5.0M	—
Short	HTX USELESS-USDT	0.2727	0.0100	get 0.0050% / 4h	1h 15m	$18K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$256.2
Price spread: −0.022% → −0.110%: $8.78
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$269.42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; HTX: live order book, 3 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 BingX live order book, 9 min ago	2.55 bp	16.1 bp −$16	59.5 bp −$595	399.0 bp −$39.9K	doesn't fit
Sell HTX live order book, 3 min ago	45.05 bp	doesn't fit	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	0.2727	−0.048%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2724	−0.132%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2725	−0.099%	$9.5M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2726	−0.073%	$26K	$146K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2727	−0.022%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2727	−0.022%	$18K	$489K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2709	−0.704%	$555K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2726	−0.064%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0277%	1h	0.2731	+0.114%	$38K	$700K	25x	as long as short
KuCoin USELESSUSDTM	+0.0320%	4h	0.2722	−0.209%	$5.1M	$9.9M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0340%	4h	0.2721	−0.249%	$6.8M	$8.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2725	−0.110%	$287K	$965K	5x	as long as short
Binance USELESSUSDT	+0.0483%	4h	0.2728	−0.001%	$23.1M	$114.0M	50x	as long as short
Bitget USELESSUSDT	+0.0486%	4h	0.2726	−0.084%	$5.2M	$9.1M	20x	as long as short
MEXC USELESS_USDT	+0.0488%	4h	0.2726	−0.062%	$9.9M	$5.9M	50x	as long as short
edgeX USELESSUSDC	+0.0489%	4h	0.2733	+0.204%	$20K	$191K	10x	as long as short
Hyperliquid USELESS	+0.0820%	1h	0.2727	−0.018%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1110%	4h	0.2726	−0.066%	$639K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1274%	4h	0.2728	−0.004%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDTlong	+0.1320%	4h	0.2728	long leg	—	$5.0M	—
Bybit USELESSUSDT	+0.1361%	4h	0.2727	−0.015%	$27.3M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1483%	4h	0.2728	+0.019%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1837%	4h	0.2730	+0.066%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.104%	$5K	$9K	5.5x	as long as short