USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexUSELESSUSDT	0.1298	+0.1792	pay 0.0896% / 4h	3h 51m	$1.4M	$1.1M	20x	Long Phemex
SHORT	Lighter RHUSELESS	0.1297	+0.0096	get 0.0012% / 1h	51m 57s	$18K	$71K	3x	Short Lighter RH+10% pts

Price gap−0.062%

Funding gap−0.1696% /8h

Both sides work against this direction now: funding costs $51 a day on $10k and the gap is 0.062% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

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

Funding−$11−0.1696% /8h now · paid −0.115% over the last 7D

Price—spread −0.062% 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

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.115% in total, about −0.0055%/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−0.062%

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$500 + $3,333
Phemex 20x, Lighter RH 3x. 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: −$50.89Long Phemex: 6 payments, −$53.77; short Lighter RH: 24 payments, +$2.88.
Note: No 7-day spread history−0.062%
The gap cannot be compared with its average yet.
Watch: Short leg is thinner$18K vs $1.4M 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: KYCPhemex Yes · Lighter RH No
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−0.062% → 0−$6.16

Slippage, 4 ordersno data for Lighter RH—

Fee Phemex bp × 2 orders−$12.00

Fee Lighter RH bp × 2 orders$0.00

Net, fees only · 7 days · $10k−$29.64

Costs to cover0.120%Break-evennever at this rate

Slippage: Phemex: live order book, 3 min ago; Lighter RH: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex22.50205.3 bp−$205345.8 bp−$3,458doesn’t fitdoesn’t fit

SELL · SHORTLighter RH—————

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