USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.101%

Price spread now: Gate against Extended−0.096%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1941.945% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.096%, 7d avg −0.087%

Together, before fees−0.083%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended USELESS-USD	0.2768	0.0504	pay 0.0063% / 1h	0m 40s	$290K	$966K	5x
Short	Gate USELESS_USDT	0.2765	0.0362	get 0.0181% / 4h	1h 00m	$6.9M	$8.2M	50x

Funding history

latest

Range statsloading…

Gate against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ExtendedbpFee GatebpOrdersPrice spread, now −0.096%Rate

Slippage from Extended: live order book, 18 min ago; Gate: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 18 min ago	7.80 bp	72.4 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.57 bp	47.5 bp −$48	doesn't fit	doesn't fit	doesn't fit

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	0.2765	−0.085%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2765	−0.103%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2770	+0.081%	$9.7M	$64.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2750	−0.645%	$29K	$151K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2750	−0.649%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2749	−0.656%	$18K	$491K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2756	−0.425%	$555K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2755	−0.453%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0216%	1h	0.2731	−1.321%	$38K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0342%	4h	0.2764	−0.121%	$5.1M	$9.9M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDTshort	+0.0362%	4h	0.2765	−0.096%	$6.9M	$8.2M	50x
Bitget USELESSUSDT	+0.0440%	4h	0.2769	+0.063%	$5.3M	$9.2M	20x	as long as short
edgeX USELESSUSDC	+0.0475%	4h	0.2740	−0.993%	$20K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0500%	4h	0.2764	−0.114%	$10.1M	$6.0M	50x	as long as short
Extended USELESS-USDlong	+0.0504%	1h	0.2768	long leg	$290K	$966K	5x
Binance USELESSUSDT	+0.0509%	4h	0.2768	+0.009%	$23.4M	$114.8M	50x	as long as short
Hyperliquid USELESS	+0.0895%	1h	0.2769	+0.056%	$13.6M	$20.8M	3x	as long as short
Aster USELESSUSDT	+0.1121%	4h	0.2768	+0.003%	$636K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1254%	4h	0.2771	+0.139%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1283%	4h	0.2766	−0.053%	$27.5M	$45.2M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1305%	4h	0.2759	−0.298%	$21K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2730	−1.363%	$1.1M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1687%	4h	0.2763	−0.168%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+4.583%	$5K	$9K	5.5x	as long as short