USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexUSELESSUSDT	0.1570	+0.2186	pay 0.1093% / 4h	6m 16s	$1.3M	$1.0M	20x	Long Phemex
SHORT	TxFlowUSELESS-USDC	0.1569	+0.0100	get 0.0013% / 1h	6m 16s	$71K	$275K	12x	Short TxFlow5% off

Price gap−0.076%

Funding gap−0.2086% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $63 a day and eats that in about 1 hour.

If you open now and hold

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

Funding$0−0.2086% /8h now · paid +0.002% over the last 7D

Price+$4spread −0.076% now, avg −0.113% → +0.036% if it goes back

Costs−$880.878% of $10k · taker + slippage, in and out

Result−$84−0.84%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.002% in total, about +0.0001%/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−0.076%

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 size28.6 / 16.6 bp
At $10k entering Phemex costs 28.6 bp, fee and slippage, 1.7× TxFlow’s.
Note: Margin at max leverage$500 + $833
Phemex 20x, 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: −$62.59Long Phemex: 6 payments, −$65.59; short TxFlow: 24 payments, +$3.00.
OK: Entry gap works for you−0.076% vs −0.113%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$71K vs $1.3M 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: KYCPhemex Yes · TxFlow 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+0.0001%/8h × 21 periods+$0.15

Price spread−0.076% → −0.113% (7d avg)+$3.65

Slippage, 4 orderslive order books−$66.85

Fee Phemex bp × 2 orders−$12.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$84.05

Costs to cover0.878%Break-even3814.2 days

Slippage: Phemex: live order book, 4 min ago; TxFlow: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex2.8528.6 bp−$29135.7 bp−$1,357doesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.5216.6 bp−$1760.7 bp−$607doesn’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