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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.266%
Price spread now: HTX against Hyperliquid−0.107%7-day average −0.197% · you buy dearer than you sell
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−0.914%−$91 on $10k
Price spread, last 4 days (all we have)−0.576%−$58 · spread now −0.107%, 7d avg −0.197%
Together, before fees−1.490%+ Points / potential airdropHyperliquid: Season 2 · farm board−$149 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.091% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.197%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.26260.0547pay 0.0068% / 1h54m 18s$11.5M$22.5M3x
ShortHTX USELESS-USDT0.26230.0100get 0.0050% / 4h3h 54m$18K$522K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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
−$93.77
Price spread: −0.107% → −0.197%
$9.06
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$105.72
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; HTX: live order book, 64 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 Hyperliquid live order book, 9 min ago1.72 bp6.5 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 64 min ago50.01 bpdoesn't fitdoesn'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%1h0.2626−0.004%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2625−0.038%$28K$47K3xas long as short
Bybit USELESSUSDT+0.0100%4h0.2628+0.084%$24.8M$48.4M13xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2627+0.019%$27K$229K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2628+0.061%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2623−0.107%$18K$522K20x
Phemex USELESSUSDT+0.0100%4h0.2629+0.099%$597K$1.1M20xas long as short
Gate USELESS_USDT+0.0148%4h0.2621−0.198%$6.5M$8.6M50xas long as short
OKX USELESS-USDT-SWAP+0.0164%4h0.2630+0.133%$8.9M$64.0M10xas long as short
Aevo USELESS-PERP+0.0176%1h0.2603−0.875%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0216%4h0.2623−0.103%$4.8M$10.7M12xas long as short
Bitget USELESSUSDT+0.0236%4h0.2629+0.103%$5.0M$10.4M20xas long as short
MEXC USELESS_USDT+0.0366%4h0.2627+0.023%$10.6M$6.0M50xas long as short
Extended USELESS-USD+0.0368%1h0.2627+0.047%$113K$1.1M5xas long as short
Binance USELESSUSDT+0.0370%4h0.2628+0.068%$21.8M$121.9M50xas long as short
edgeX USELESSUSDC+0.0375%4h0.2614−0.445%$19K$196K10xas long as short
BingX USELESS-USDT+0.0390%4h0.2630+0.133%$5.3Mas long as short
Aster USELESSUSDT+0.0425%4h0.2622−0.148%$520K$2.4M10xas long as short
Hyperliquid USELESSlong+0.0547%1h0.2626long leg$11.5M$22.5M3x
Variational Omni USELESS+0.0591%4h0.2626+0.007%$1.0M$1.8Mas long as short
BloFin USELESS-USDT+0.0611%4h0.2626+0.008%$1.1M$1.9M12xas long as short
Orderly PERP_USELESS_USDC+0.1303%4h0.2629+0.095%$19K$1.2M10xas long as short
ApeX Omni USELESSUSDT+0.1577%1h0.2616−0.385%$33K$694K25xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2779+5.807%$5K$11K5.5xas long as short