Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2389+0.0100pay 0.0050% / 4h2h 33m$7.8M$39.8M10xLong OKX
SHORT0.2389+0.0826get 0.0103% / 1h33m 30s$233K$571K10xShort Arcus5% off
Price gap+0.017%
Funding gap+0.0726% /8h

Funding pays +$22 a day on $10k, but the gap is 0.109% under its 7d average: −$11 if it goes back, about 12 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$73+0.0726% /8h now · paid +0.730% over the last 5 days (all we have)
Price−$11spread +0.017% now, avg +0.126% → −0.109% if it goes back
Costs−$620.622% of $10k · taker + slippage, in and out

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Arcus price against OKXnow
RANGE STATS · 7D
Now+0.017%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 26 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size19.9 / 5.1 bp
    At $10k entering OKX costs 19.9 bp, fee and slippage, 3.9× Arcus’s.
  • Note: Margin at max leverage$1,000 + $1,000
    OKX 10x, Arcus 10x. 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: +$21.77Long OKX: 6 payments, −$3.00; short Arcus: 24 payments, +$24.77.
  • Watch: Gap narrower than usual+0.017% vs +0.126%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$233K vs $7.8M OI
    Arcus sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Yes · Arcus No
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0469%/8h × 21 periods+$98.57
Price spread+0.017% → +0.126% (7d avg)−$10.88
Slippage, 4 orderslive order books−$47.67
Fee OKX bp × 2 orders−$10.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$25.52
Costs to cover0.622%Break-even5.2 days
Slippage: OKX: live order book, 5 min ago; Arcus: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX0.4219.9 bp−$2082.8 bp−$828doesn’t fitdoesn’t fit
SELL · SHORTArcus2.075.1 bp−$526.9 bp−$269doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USELESS news

posts that mention USELESS, from every exchangeSearch all news →
09-25 05:25ArcusListing$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18ArcusListingnew market USELESS-USD ($USELESS) seen by our collector
09-22 14:31NadoListingnew market USELESS-PERP ($USELESS) seen by our collector