USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXUSELESSUSDC	0.1254	+0.0108	pay 0.0054% / 4h	2h 59m	$6K	$112K	10x	Long edgeX
SHORT	TxFlowUSELESS-USDC	0.1254	+0.0100	get 0.0013% / 1h	59m 23s	$12K	$339K	12x	Short TxFlow5% off

Price gap+0.019%

Funding gap−0.0008% /8h

Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding$0−0.0008% /8h now · paid −0.002% over the last 7D

Price+$3spread +0.019% now, avg −0.012% → +0.031% if it goes back

Costs−$2452.448% of $10k · taker + slippage, in and out

Result−$242−2.42%+ Points / potential airdropedgeX: points · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.019%

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 29 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size64.5 / 40.9 bp
At $10k entering edgeX costs 64.5 bp, fee and slippage, 1.6× TxFlow’s.
Note: Margin at max leverage$1,000 + $833
edgeX 10x, TxFlow 12x. 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: −$0.24Long edgeX: 6 payments, −$3.24; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you+0.019% vs −0.012%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$6K vs $12K OI
edgeX sets your exit cost. Check its book before closing.
OK: Points on a legedgeX points · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legedgeX No · TxFlow No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0001%/8h × 21 periods−$0.19

Price spread+0.019% → −0.012% (7d avg)+$3.11

Slippage, 4 orderslive order books−$226.83

Fee edgeX bp × 2 orders−$9.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$241.91

Costs to cover2.448%Break-evennever at this rate

Slippage: edgeX: live order book, 26 min ago; TxFlow: live order book, 26 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGedgeX1.6664.5 bp−$65doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTTxFlow9.4940.9 bp−$41583.3 bp−$5,833doesn’t fitdoesn’t fit

Closing costs about the same again.

USELESS news

posts that mention USELESS, from every exchangeSearch all news →

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