Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2424+0.0377pay 0.0188% / 4h1h 17m$2.7M$3.2M—Long BingX
SHORT0.2419+0.0450get 0.0056% / 1h17m 58s$202K$390K10xShort Arcus5% off
Price gap−0.219%45s
Funding gap+0.0073% /8h

Funding pays +$2 a day on $10k, but the gap is 0.318% under its 7d average: −$32 if it goes back, about 15 days of funding. At the last 7 days' pace that is about 3.4 days.

The two prices were read 45 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$56+0.0073% /8h now · paid +0.559% over the last 6 days (all we have)
Price—spread −0.219%45s now · prices read too far apart to compare
Costs−$630.633% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.219%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 26 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size15.5 / 11.6 bp
    At $10k entering BingX costs 15.5 bp, fee and slippage, 1.3× Arcus’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$2.19Long BingX: 6 payments, −$11.30; short Arcus: 24 payments, +$13.49.
  • Watch: Prices read 45 s apart−0.219% vs +0.099%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$202K vs $2.7M OI
    Arcus sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Arcus No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0316%/8h × 21 periods+$66.26
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$48.83
Fee BingX bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$2.93
price spread not counted: prices read too far apart
Costs to cover0.633%Break-even6.7 days
Slippage: BingX: live order book, 16 min ago; Arcus: live order book, 44 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX3.9015.5 bp−$1550.4 bp−$504373.0 bp−$37.3Kdoesn’t fit
SELL · SHORTArcus7.9211.6 bp−$1230.2 bp−$302doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchangeSearch all news →
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector