USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BloFinUSELESS-USDT	0.1374	+0.0260	pay 0.0130% / 4h	8m 08s	$480K	$987K	12x	Long BloFin
SHORT	LighterUSELESS	0.1375	+0.0096	get 0.0012% / 1h	8m 08s	$606K	$167K	3x	Short Lighter7d free

Price gap+0.025%

Funding gap−0.0164% /8h

Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.035% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$2−0.0164% /8h now · paid −0.023% over the last 7D

Price−$4spread +0.025% now, avg +0.061% → −0.035% if it goes back

Costs−$830.832% of $10k · taker + slippage, in and out

Result−$89−0.89%+ Points / potential airdropLighter: Season 3 · farm board

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.025%

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 28 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

Watch: Thin at this size17.2 / 20.4 bp
At $10k entering Lighter costs 20.4 bp, fee and slippage, 1.2× BloFin’s.
Note: Margin at max leverage$833 + $3,333
BloFin 12x, Lighter 3x. 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: −$4.92Long BloFin: 6 payments, −$7.80; short Lighter: 24 payments, +$2.88.
Watch: Gap narrower than usual+0.025% vs +0.061%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$480K vs $606K OI
BloFin sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
Watch: KYCBloFin Limited · Lighter No
No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0011%/8h × 21 periods−$2.29

Price spread+0.025% → +0.061% (7d avg)−$3.53

Slippage, 4 orderslive order books−$71.23

Fee BloFin bp × 2 orders−$12.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$89.05

Costs to cover0.832%Break-evennever at this rate

Slippage: BloFin: live order book, 35 min ago; Lighter: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBloFin1.8317.2 bp−$1759.0 bp−$590doesn’t fitdoesn’t fit

SELL · SHORTLighter10.5420.4 bp−$20129.8 bp−$1,298doesn’t fitdoesn’t fit

Closing costs about the same again.

USELESS news

posts that mention USELESS, from every exchange

10-02 16:07	Lighter RH	Listing	New perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗
10-02 14:14	Lighter RH	Listing	new market USELESS ($USELESS) seen by our collector
10-01 10:34	Avantis	Listing	new market USELESS/USD ($USELESS) seen by our collector
09-25 05:25	Arcus	Listing	$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18	Arcus	Listing	new market USELESS-USD ($USELESS) seen by our collector
09-22 14:31	Nado	Listing	new market USELESS-PERP ($USELESS) seen by our collector