Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: HTX against Polymarket Perps+0.180%7-day average −0.113% · you sell dearer than you buy

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

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.555%−$56 · spread now +0.180%, 7d avg −0.113%

Together, before fees−0.519%−$52 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: HTX is 0.293% dearer against Polymarket Perps than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2828	0.0100	pay 0.0013% / 1h	54m 10s	$30K	$206K	3x
Short	HTX USELESS-USDT	0.2833	0.0100	get 0.0050% / 4h	1h 54m	$18K	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → −0.113%: $29.3
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $9.3
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 8 min ago; HTX: live order book, 9 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 Polymarket Perps live order book, 8 min ago	1.60 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	40.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

USELESS on 23 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	0.2831	+0.127%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2834	+0.209%	$32K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2825	−0.088%	$7.1M	$8.4M	50x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	0.2828	long leg	$30K	$206K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2828	−0.007%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2833	+0.180%	$18K	$504K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2828	−0.004%	$618K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0117%	4h	0.2831	+0.124%	$10.0M	$66.3M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0191%	1h	0.2812	−0.555%	$39K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0230%	4h	0.2831	+0.127%	$5.2M	$10.4M	12x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0232%	1h	0.2827	−0.015%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0574%	4h	0.2830	+0.081%	$5.4M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0580%	4h	0.2819	−0.317%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0590%	4h	0.2832	+0.163%	$11.1M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2831	+0.109%	$301K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0609%	4h	0.2832	+0.166%	$24.0M	$117.0M	50x	as long as short
BingX USELESS-USDT	+0.0956%	4h	0.2831	+0.127%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0958%	4h	0.2846	+0.664%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDT	+0.0990%	4h	0.2831	+0.110%	$27.5M	$46.2M	13x	as long as short
Aster USELESSUSDT	+0.1145%	4h	0.2829	+0.032%	$629K	$2.2M	10x	as long as short
Hyperliquid USELESS	+0.1207%	1h	0.2833	+0.190%	$14.1M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1345%	4h	0.2834	+0.226%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2998	+6.026%	$5K	$9K	5.5x	as long as short