USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexUSELESSUSDT	0.1282	+0.0100	pay 0.0050% / 4h	2h 08m	$1.6M	$968K	20x	Long Phemex
SHORT	KuCoinUSELESSUSDTM	0.1282	+0.0100	get 0.0050% / 4h	2h 08m	$3.5M	$25.7M	10x	Short KuCoin

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% → −0.017% if it goes back

Costs−$1061.065% of $10k · taker + slippage, in and out

Result−$80−0.80%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 size26.4 / 29.4 bp
At $10k entering KuCoin costs 29.4 bp, fee and slippage, 1.1× Phemex’s.
Note: Margin at max leverage$500 + $1,000
Phemex 20x, KuCoin 10x. 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 Phemex: 6 payments, −$3.00; short KuCoin: 6 payments, +$3.00.
Note: Gap at its usual level−0.031% vs −0.015%
The price leg adds little either way.
Note: Long 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: KYCPhemex Yes · KuCoin 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+0.0134%/8h × 21 periods+$28.06

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

Slippage, 4 orderslive order books−$82.48

Fee Phemex bp × 2 orders−$12.00

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$80.07

Costs to cover1.065%Break-even27.0 days

Slippage: Phemex: live order book, 6 min ago; KuCoin: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex3.1326.4 bp−$26126.3 bp−$1,263doesn’t fitdoesn’t fit

SELL · SHORTKuCoin5.0829.4 bp−$29222.2 bp−$2,222doesn’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