USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0262%/8h= −28.7% APRnext payment −$1.31 per $10,000 · paid last 24h −0.013%

Price spread now: HTX against Gate+0.620%7-day average −0.009% · you sell dearer than you buy

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

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 3 days (all we have)−0.886%−$89 · spread now +0.620%, 7d avg −0.009%

Together, before fees−0.939%−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.630% dearer against Gate than usual: you sell high and buy low (spread +0.620% now, against its 7-day average of −0.009%): +$63 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.053% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.31 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	Gate USELESS_USDT	0.2724	0.0362	pay 0.0181% / 4h	1h 17m	$6.8M	$8.1M	50x
Short	HTX USELESS-USDT	0.2741	0.0100	get 0.0050% / 4h	1h 17m	$18K	$489K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.620%Rate

Funding earned: −$55.02
Price spread: +0.620% → −0.009%: $62.98
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.04
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 min ago; HTX: live order book, 65 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 Gate live order book, 1 min ago	6.05 bp	48.5 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 65 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	0.2728	+0.143%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2727	+0.108%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2729	+0.187%	$9.5M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2736	+0.437%	$26K	$146K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2737	+0.466%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2741	+0.620%	$18K	$489K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2726	+0.070%	$559K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2734	+0.342%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0277%	1h	0.2731	+0.246%	$38K	$700K	25x	as long as short
KuCoin USELESSUSDTM	+0.0332%	4h	0.2725	+0.011%	$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_USDTlong	+0.0362%	4h	0.2724	long leg	$6.8M	$8.1M	50x
Extended USELESS-USD	+0.0480%	1h	0.2728	+0.149%	$287K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	0.2729	+0.165%	$9.9M	$5.9M	50x	as long as short
edgeX USELESSUSDC	+0.0489%	4h	0.2733	+0.336%	$20K	$191K	10x	as long as short
Binance USELESSUSDT	+0.0489%	4h	0.2728	+0.148%	$23.1M	$114.0M	50x	as long as short
Bitget USELESSUSDT	+0.0498%	4h	0.2727	+0.117%	$5.2M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0843%	1h	0.2728	+0.147%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1118%	4h	0.2727	+0.114%	$639K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1269%	4h	0.2737	+0.470%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1310%	4h	0.2730	+0.209%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1413%	4h	0.2730	+0.209%	$27.3M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1483%	4h	0.2728	+0.151%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1793%	4h	0.2725	+0.040%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+6.244%	$5K	$9K	5.5x	as long as short