Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.110%
Price spread now: Extended against HTX+0.327%7-day average +0.095% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.234%+$23 on $10k
Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.327%, 7d avg +0.095%
Together, before fees+0.285%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.233% dearer against HTX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.095%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.234% in total (about 12.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.28950.0100pay 0.0050% / 4h3h 09m$19K$512K20x
ShortExtended USELESS-USD0.29040.0512get 0.0064% / 1h9m 43s$307K$1.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$86.52
Price spread: +0.327% → +0.095%
$23.26
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$92.78
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: HTX: live order book, 64 min ago; Extended: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 64 min ago55.28 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 4 min ago64.60 bp81.9 bp −$82doesn't fitdoesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2903+0.283%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2907+0.401%$33K$69K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2904+0.304%$10.3M$68.5M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2904+0.304%$49K$176K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2904+0.297%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2895long leg$19K$512K20x
Phemex USELESSUSDT+0.0100%4h0.2894−0.028%$611K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0148%4h0.2900+0.169%$5.3M$10.2M12xas long as short
Aevo USELESS-PERP+0.0208%1h0.2898+0.101%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0377%1h0.2907+0.415%$40K$699K25xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDC+0.0464%4h0.2908+0.444%$22K$194K10xas long as short
Binance USELESSUSDT+0.0510%4h0.2902+0.242%$24.5M$116.8M50xas long as short
Extended USELESS-USDshort+0.0512%1h0.2904+0.327%$307K$1.2M5x
MEXC USELESS_USDT+0.0514%4h0.2904+0.311%$11.2M$6.0M50xas long as short
Gate USELESS_USDT+0.0520%4h0.2901+0.221%$7.3M$8.5M50xas long as short
Bitget USELESSUSDT+0.0578%4h0.2903+0.283%$5.6M$9.7M20xas long as short
BingX USELESS-USDT+0.0762%4h0.2904+0.307%$5.1Mas long as short
Bybit USELESSUSDT+0.0815%4h0.2903+0.263%$28.4M$46.5M13xas long as short
Variational Omni USELESS+0.0994%4h0.2915+0.700%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1102%4h0.2901+0.193%$668K$2.3M10xas long as short
Hyperliquid USELESS+0.1125%1h0.2905+0.335%$14.6M$20.9M3xas long as short
BloFin USELESS-USDT+0.1128%4h0.2906+0.383%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1254%4h0.2904+0.328%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3093+6.836%$5K$9K5.5xas long as short