USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	KuCoinUSELESSUSDTM	0.1283	+0.0100	pay 0.0050% / 4h	2h 06m	$3.5M	$25.6M	10x	Long KuCoin
SHORT	PhemexUSELESSUSDT	0.1284	+0.0100	get 0.0050% / 4h	2h 06m	$1.6M	$968K	20x	Short Phemex

Price gap+0.031%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

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

Funding−$280.0000% /8h now · paid −0.281% over the last 7D

Price+$2spread +0.031% now, avg +0.015% → +0.016% if it goes back

Costs−$1031.034% of $10k · taker + slippage, in and out

Result−$130−1.30%no points

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+0.031%

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 · 2 to watch

Watch: Thin at this size29.0 / 19.1 bp
At $10k entering KuCoin costs 29.0 bp, fee and slippage, 1.5× Phemex’s.
Note: Margin at max leverage$1,000 + $500
KuCoin 10x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long KuCoin: 6 payments, −$3.00; short Phemex: 6 payments, +$3.00.
Note: Gap at its usual level+0.031% vs +0.015%
The price leg adds little either way.
Note: Short leg is thinner$1.6M vs $3.5M OI
Both legs are deep; Phemex is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCKuCoin Yes · Phemex Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0134%/8h × 21 periods−$28.06

Price spread+0.031% → +0.015% (7d avg)+$1.65

Slippage, 4 orderslive order books−$79.39

Fee KuCoin bp × 2 orders−$12.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$129.81

Costs to cover1.034%Break-evennever at this rate

Slippage: KuCoin: live order book, 10 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGKuCoin5.0829.0 bp−$29doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPhemex4.6819.1 bp−$19125.1 bp−$1,251doesn’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