Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.030%

Price spread now: Aevo against HTX−0.771%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.771% cheaper against HTX than usual: you would sell low and buy high (spread −0.771% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$77 on $10k: about 22 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2787	0.0100	pay 0.0050% / 4h	1h 31m	$36K	$437K	20x
Short	Aevo USELESS-PERP	0.2766	0.0216	get 0.0027% / 1h	31m 18s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.771%Rate

Funding earned: $24.36
Price spread: −0.771% → 0.000%: −$77.1
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$80.74
Costs to cover: 0.280%
Break-even: 30.2 days

Slippage unknown: HTX: live order book, 52 min ago; Aevo: no order-book sample. 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 HTX live order book, 52 min ago	46.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	0.2766	−0.757%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2773	−0.501%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2766	−0.753%	$9.8M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2774	−0.495%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2766	−0.771%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2787	long leg	$36K	$437K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2755	−1.170%	$565K	$1.2M	20x	as long as short
Aevo USELESS-PERPshort	+0.0216%	1h	0.2766	−0.771%	$10K	—	3x
ApeX Omni USELESSUSDT	+0.0341%	1h	0.2789	+0.057%	$40K	$698K	25x	as long as short
KuCoin USELESSUSDTM	+0.0342%	4h	0.2772	−0.570%	$5.2M	$9.8M	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	+0.0346%	4h	0.2772	−0.563%	$6.9M	$8.0M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	0.2767	−0.744%	$291K	$965K	5x	as long as short
Binance USELESSUSDT	+0.0530%	4h	0.2766	−0.782%	$23.4M	$112.5M	50x	as long as short
edgeX USELESSUSDC	+0.0537%	4h	0.2798	+0.397%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0542%	4h	0.2776	−0.420%	$10.0M	$5.8M	50x	as long as short
Bitget USELESSUSDT	+0.0544%	4h	0.2765	−0.793%	$5.3M	$9.0M	20x	as long as short
Hyperliquid USELESS	+0.1104%	1h	0.2776	−0.395%	$13.7M	$20.3M	3x	as long as short
Aster USELESSUSDT	+0.1195%	4h	0.2770	−0.619%	$641K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1252%	4h	0.2768	−0.689%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1436%	4h	0.2772	−0.538%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1444%	4h	0.2766	−0.764%	$27.9M	$43.6M	13x	as long as short
Variational Omni USELESS	+0.1528%	4h	0.2815	+0.989%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1879%	4h	0.2767	−0.732%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2976	+6.770%	$5K	$9K	5.5x	as long as short