USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXUSELESS-USDT-SWAP	0.1679	+0.0220	pay 0.0110% / 4h	1m 06s	$4.7M	$26.2M	10x	Long OKX
SHORT	TxFlowUSELESS-USDC	0.1678	+0.0100	get 0.0013% / 1h	1m 06s	$76K	$282K	12x	Short TxFlow5% off

Price gap−0.030%

Funding gap−0.0120% /8h

The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 2.3 days. At the last 7 days' pace that is about 14 days.

If you open now and hold

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

Funding−$4−0.0120% /8h now · paid −0.042% over the last 7D

Price+$8spread −0.030% now, avg −0.111% → +0.082% if it goes back

Costs−$800.802% of $10k · taker + slippage, in and out

Result−$76−0.76%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

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−0.030%

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

2 ok · 4 to watch

Watch: Thin at this size20.9 / 24.7 bp
At $10k entering TxFlow costs 24.7 bp, fee and slippage, 1.2× OKX’s.
Note: Margin at max leverage$1,000 + $833
OKX 10x, TxFlow 12x. 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: −$3.59Long OKX: 6 payments, −$6.59; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you−0.030% vs −0.111%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$76K vs $4.7M OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
Watch: KYCOKX Yes · TxFlow 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−0.0020%/8h × 21 periods−$4.17

Price spread−0.030% → −0.111% (7d avg)+$8.15

Slippage, 4 orderslive order books−$61.18

Fee OKX bp × 2 orders−$10.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$76.20

Costs to cover0.802%Break-evennever at this rate

Slippage: OKX: live order book, 2 min ago; TxFlow: live order book, 25 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX0.6020.9 bp−$21doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTTxFlow0.3024.7 bp−$2586.2 bp−$862doesn’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