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
LONG0.2430+0.0100pay 0.0013% / 1h11m 29s$75K$452K3xLong Polymarket Perps
SHORT0.2432+0.0391get 0.0049% / 1h11m 29s$203K$389K10xShort Arcus5% off
Price gap+0.058%
Funding gap+0.0291% /8h

Funding pays +$9 a day on $10k, but the gap is 0.032% under its 7d average: −$3 if it goes back, about 9 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$55+0.0291% /8h now · paid +0.555% over the last 6 days (all we have)
Price−$3spread +0.058% now, avg +0.090% → −0.032% if it goes back
Costs−$460.464% of $10k · taker + slippage, in and out

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.058%
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 26 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Large against open interest7.0 / 11.6 bp
    $10k is over 10% of Polymarket Perps’s open interest.
  • Note: Margin at max leverage$3,333 + $1,000
    Polymarket Perps 3x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$8.73Long Polymarket Perps: 24 payments, −$3.00; short Arcus: 24 payments, +$11.73.
  • Watch: Gap narrower than usual+0.058% vs +0.090%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$75K vs $203K OI
    Polymarket Perps sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPolymarket Perps No · Arcus No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0313%/8h × 21 periods+$65.71
Price spread+0.058% → +0.090% (7d avg)−$3.20
Slippage, 4 orderslive order books−$33.89
Fee Polymarket Perps bp × 2 orders−$8.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$16.12
Costs to cover0.464%Break-even5.3 days
Slippage: Polymarket Perps: live order book, 50 min ago; Arcus: live order book, 51 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPolymarket Perps2.977.0 bp−$7doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTArcus7.9211.6 bp−$1230.2 bp−$302doesn’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