Funding you earn now, next payment 04:00 UTC−0.0384%/8h= −42.0% APRnext payment −$1.92 per $10,000 · paid last 24h −0.113%
Price spread now: HTX against MEXC−0.251%7-day average −0.137% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.222%−$22 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.251%, 7d avg −0.137%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.114% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.137%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 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 | MEXC USELESS_USDT | 0.2546 | 0.0484 | pay 0.0242% / 4h | 40m 00s | $10.2M | $6.2M | 50x |
| Short | HTX USELESS-USDT | 0.2539 | 0.0100 | get 0.0050% / 4h | 40m 00s | $17K | $520K | 20x |
MEXC USELESS_USDT
HTX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$80.64
- Price spread: −0.251% → −0.137%
- −$11.45
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$112.09
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 min ago; HTX: live order book, 18 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 MEXC live order book, 3 min ago | 0.79 bp | 17.3 bp −$17 | 46.1 bp −$461 | 167.6 bp −$16.8K | 549.8 bp −$274.9K |
| Sell HTX live order book, 18 min ago | 50.01 bp | doesn't fit | 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 | 0.2539 | −0.247% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2543 | −0.088% | $11.4M | $22.8M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2543 | −0.102% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2537 | −0.338% | $6.3M | $8.7M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2554 | +0.326% | $33K | $699K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2543 | −0.094% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2541 | −0.165% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDTshort | +0.0100% | 4h | 0.2539 | −0.251% | $17K | $520K | 20x | |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2538 | −0.299% | $562K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2541 | −0.182% | $9K | — | 3x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USELESS-USDT-SWAP | +0.0218% | 4h | 0.2545 | −0.020% | $8.8M | $62.8M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0224% | 4h | 0.2544 | −0.082% | $4.6M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0396% | 4h | 0.2545 | −0.039% | $4.9M | $10.5M | 20x | as long as short |
| MEXC USELESS_USDTlong | +0.0484% | 4h | 0.2546 | long leg | $10.2M | $6.2M | 50x | |
| Binance USELESSUSDT | +0.0486% | 4h | 0.2547 | +0.042% | $21.2M | $123.6M | 50x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2544 | −0.071% | $112K | $1.2M | 5x | as long as short |
| edgeX USELESSUSDC | +0.0492% | 4h | 0.2545 | −0.012% | $19K | $195K | 10x | as long as short |
| Aster USELESSUSDT | +0.0567% | 4h | 0.2539 | −0.281% | $503K | $2.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.0621% | 4h | 0.2546 | 0.000% | $24.4M | $48.8M | 13x | as long as short |
| BingX USELESS-USDT | +0.0632% | 4h | 0.2549 | +0.122% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0794% | 4h | 0.2540 | −0.236% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0869% | 4h | 0.2538 | −0.302% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1311% | 4h | 0.2543 | −0.114% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2689 | +5.633% | $5K | $11K | 5.5x | as long as short |
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
Aster USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP