USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterUSELESS	0.1309	+0.0312	pay 0.0039% / 1h	12m 06s	$625K	$181K	3x	Long Lighter7d free
SHORT	TxFlowUSELESS-USDC	0.1306	+0.0100	get 0.0013% / 1h	12m 06s	$29K	$237K	12x	Short TxFlow5% off

Price gap−0.267%

Funding gap−0.0212% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.130% 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−$9−0.0212% /8h now · paid −0.088% over the last 7D

Price−$13spread −0.267% now, avg −0.137% → −0.130% if it goes back

Costs−$980.980% of $10k · taker + slippage, in and out

Result−$120−1.20%+ Points / potential airdropLighter: Season 3 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.088% in total, about −0.0042%/8h on average.

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−0.267%

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 size17.6 / 32.2 bp
At $10k entering TxFlow costs 32.2 bp, fee and slippage, 1.8× Lighter’s.
Note: Margin at max leverage$3,333 + $833
Lighter 3x, TxFlow 12x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$6.36Long Lighter: 24 payments, −$9.36; short TxFlow: 24 payments, +$3.00.
Watch: Gap narrower than usual−0.267% vs −0.137%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$29K vs $625K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3 · TxFlow points
Volume here counts toward the points program.
OK: No KYC on either legLighter 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−0.0042%/8h × 21 periods−$8.81

Price spread−0.267% → −0.137% (7d avg)−$13.05

Slippage, 4 orderslive order books−$88.96

Fee Lighter bp × 2 orders$0.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$119.83

Costs to cover0.980%Break-evennever at this rate

Slippage: Lighter: live order book, 42 min ago; TxFlow: live order book, 43 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter6.4717.6 bp−$18125.7 bp−$1,257doesn’t fitdoesn’t fit

SELL · SHORTTxFlow3.0632.2 bp−$32doesn’t fitdoesn’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