USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0438%/8h= +48.0% APRnext payment +$2.19 per $10,000 · paid last 24h +0.091%

Price spread now: Bitget against HTX−0.565%7-day average +0.094% · you buy dearer than you sell

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

Long on HTX Short on Bitget

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)+0.840%+$84 · spread now −0.565%, 7d avg +0.094%

Together, before fees+0.957%+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.658% cheaper against HTX than usual: you would sell low and buy high (spread −0.565% now, against its 7-day average of +0.094%). If the spread goes back, that is −$66 on $10k: about 5.0 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.117% in total) that is about 39 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 +$2.19 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	HTX USELESS-USDT	0.2834	0.0100	pay 0.0050% / 4h	1h 38m	$30K	$419K	20x
Short	Bitget USELESSUSDT	0.2818	0.0538	get 0.0269% / 4h	1h 38m	$5.4M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now −0.565%Rate

Funding earned: $91.98
Price spread: −0.565% → +0.094%: −$65.85
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $2.13
Costs to cover: 0.240%
Break-even: 6.8 days

Slippage unknown: HTX: live order book, 45 min ago; Bitget: live order book, 5 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 HTX live order book, 45 min ago	46.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.12 bp	28.5 bp −$29	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	0.2814	−0.723%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2815	−0.675%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2813	−0.741%	$9.9M	$63.9M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2815	−0.677%	$27K	$143K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2818	−0.568%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2834	long leg	$30K	$419K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2808	−0.939%	$577K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2819	−0.529%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0336%	4h	0.2818	−0.593%	$5.2M	$9.8M	12x	as long as short
Gate USELESS_USDT	+0.0384%	4h	0.2816	−0.656%	$7.0M	$7.9M	50x	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	+0.0489%	1h	0.2825	−0.328%	$40K	$700K	25x	as long as short
Bitget USELESSUSDTshort	+0.0538%	4h	0.2818	−0.565%	$5.4M	$8.9M	20x
edgeX USELESSUSDC	+0.0559%	4h	0.2830	−0.154%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0568%	1h	0.2820	−0.515%	$296K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0568%	4h	0.2818	−0.565%	$10.0M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0570%	4h	0.2818	−0.582%	$23.8M	$111.9M	50x	as long as short
Hyperliquid USELESS	+0.1188%	1h	0.2817	−0.596%	$14.2M	$20.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1254%	4h	0.2822	−0.437%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1257%	4h	0.2823	−0.412%	$653K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1418%	4h	0.2816	−0.653%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1490%	4h	0.2816	−0.656%	$28.5M	$43.4M	13x	as long as short
Variational Omni USELESS	+0.1535%	4h	0.2824	−0.355%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.2004%	4h	0.2828	−0.236%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+5.807%	$5K	$9K	5.5x	as long as short