USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Lighter RHUSELESS	0.1364	+0.0096	pay 0.0012% / 1h	55m 36s	$18K	$71K	3x	Long Lighter RH+10% pts
SHORT	PhemexUSELESSUSDT	0.1365	+0.0100	get 0.0050% / 4h	55m 36s	$1.5M	$1.1M	20x	Short Phemex

Price gap+0.117%

Funding gap+0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$12 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

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

Funding+$11+0.0004% /8h now · paid +0.115% over the last 7D

Price—spread +0.117% now · no price history on both exchanges yet

Costsno datano order book for Lighter RH

Result, before costs—+ Points / potential airdropLighter RH: Points live · farm boardneeds both price histories

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+0.117%

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

1 ok · 3 to watch

Note: Order book unknown—
No order-book sample for Lighter RH: its slippage is not counted.
Note: Margin at max leverage$3,333 + $500
Lighter RH 3x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$0.12Long Lighter RH: 24 payments, −$2.88; short Phemex: 6 payments, +$3.00.
Note: No 7-day spread history+0.117%
The gap cannot be compared with its average yet.
Watch: Long leg is thinner$18K vs $1.5M OI
Lighter RH sets your exit cost. Check its book before closing.
OK: Points on a legLighter RH Points live
Volume here counts toward the points program.
Watch: KYCLighter RH No · Phemex Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0055%/8h × 21 periods+$11.47

Price spread+0.117% → 0+$11.73

Slippage, 4 ordersno data for Lighter RH—

Fee Lighter RH bp × 2 orders$0.00

Fee Phemex bp × 2 orders−$12.00

Net, fees only · 7 days · $10k+$11.21

Costs to cover0.120%Break-even0.2 days

Slippage: Lighter RH: no order-book sample; Phemex: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter RH—————

SELL · SHORTPhemex20.4041.1 bp−$41138.6 bp−$1,386doesn’t fitdoesn’t fit

Closing costs about the same again.
Lighter RH: no data.

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