Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Gate against HTX−0.177%7-day average +0.001% · you buy dearer than you sell

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

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.389%+$39 · spread now −0.177%, 7d avg +0.001%

Together, before fees+0.453%+$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.178% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2547	0.0100	pay 0.0050% / 4h	48m 16s	$17K	$518K	20x
Short	Gate USELESS_USDT	0.2542	0.0100	get 0.0050% / 4h	48m 16s	$6.4M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → +0.001%: −$17.77
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.77
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 10 min ago; Gate: 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, 10 min ago	50.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	9.04 bp	64.2 bp −$64	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	0.2542	−0.173%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2548	+0.031%	$11.5M	$22.7M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2545	−0.090%	$28K	$70K	3x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	0.2542	−0.177%	$6.4M	$8.6M	50x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2547	+0.008%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2546	−0.012%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2547	long leg	$17K	$518K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2543	−0.157%	$559K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2543	−0.147%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0222%	4h	0.2546	−0.027%	$8.9M	$62.6M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0232%	4h	0.2545	−0.059%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0268%	1h	0.2544	−0.110%	$32K	$698K	25x	as long as short
Bitget USELESSUSDT	+0.0438%	4h	0.2545	−0.082%	$4.9M	$10.4M	20x	as long as short
Binance USELESSUSDT	+0.0516%	4h	0.2547	−0.004%	$21.3M	$123.1M	50x	as long as short
Extended USELESS-USD	+0.0520%	1h	0.2546	−0.023%	$112K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0520%	4h	0.2547	0.000%	$10.2M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	0.2551	+0.158%	$19K	$196K	10x	as long as short
Aster USELESSUSDT	+0.0641%	4h	0.2542	−0.169%	$503K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0663%	4h	0.2546	−0.043%	$24.4M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0714%	4h	0.2547	−0.004%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0842%	4h	0.2544	−0.123%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0937%	4h	0.2543	−0.157%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1328%	4h	0.2547	−0.004%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2703	+6.145%	$5K	$11K	5.5x	as long as short