USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0406%/8h= −44.5% APRnext payment −$2.03 per $10,000 · paid last 24h −0.091%

Price spread now: HTX against Bitget+0.444%7-day average −0.094% · you sell dearer than you buy

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

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.719%−$72 · spread now +0.444%, 7d avg −0.094%

Together, before fees−0.836%−$84 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.538% dearer against Bitget than usual: you sell high and buy low (spread +0.444% now, against its 7-day average of −0.094%): +$54 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.117% in total) that is about 32 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 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	Bitget USELESSUSDT	0.2725	0.0506	pay 0.0253% / 4h	1h 20m	$5.2M	$9.1M	20x
Short	HTX USELESS-USDT	0.2737	0.0100	get 0.0050% / 4h	1h 20m	$18K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.444%Rate

Funding earned: −$85.26
Price spread: +0.444% → −0.094%: $53.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.47
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; HTX: live order book, 62 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 Bitget live order book, 3 min ago	3.85 bp	32.6 bp −$33	109.3 bp −$1,093	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	46.22 bp	293.6 bp −$294	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	0.2732	+0.264%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2730	+0.186%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2721	−0.161%	$9.6M	$62.9M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2727	+0.070%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2728	+0.106%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2737	+0.444%	$18K	$489K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2722	−0.139%	$558K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2735	+0.356%	$38K	$699K	25x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2730	+0.184%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0326%	4h	0.2728	+0.103%	$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	+0.0362%	4h	0.2727	+0.059%	$6.8M	$8.1M	50x	as long as short
Binance USELESSUSDT	+0.0491%	4h	0.2724	−0.043%	$23.0M	$113.7M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	0.2737	+0.444%	$20K	$191K	10x	as long as short
Extended USELESS-USD	+0.0496%	1h	0.2726	+0.043%	$287K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0496%	4h	0.2729	+0.128%	$9.9M	$5.9M	50x	as long as short
Bitget USELESSUSDTlong	+0.0506%	4h	0.2725	long leg	$5.2M	$9.1M	20x
Hyperliquid USELESS	+0.0879%	1h	0.2732	+0.242%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1134%	4h	0.2730	+0.170%	$640K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1260%	4h	0.2737	+0.418%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1294%	4h	0.2728	+0.103%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1379%	4h	0.2722	−0.117%	$27.2M	$44.6M	13x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2741	+0.587%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1790%	4h	0.2735	+0.341%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+7.658%	$5K	$9K	5.5x	as long as short