USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowUSELESS-USDC	0.1646	+0.0100	pay 0.0013% / 1h	57m 46s	$75K	$277K	12x	Long TxFlow5% off
SHORT	PhemexUSELESSUSDT	0.1653	+0.2546	get 0.1273% / 4h	57m 46s	$1.4M	$979K	20x	Short Phemex

Price gap+0.444%

Funding gap+0.2446% /8h

Both sides work: funding pays +$73 a day on $10k, and the gap is 0.334% above its 7d average: +$33 more if it goes back.

If you open now and hold

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

Funding$0+0.2446% /8h now · paid −0.002% over the last 7D

Price+$33spread +0.444% now, avg +0.110% → +0.334% if it goes back

Costs−$1411.411% of $10k · taker + slippage, in and out

Result−$108−1.08%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above 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+0.444%

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 size13.9 / 74.4 bp
At $10k entering Phemex costs 74.4 bp, fee and slippage, 5.4× TxFlow’s.
Note: Margin at max leverage$833 + $500
TxFlow 12x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$73.39Long TxFlow: 24 payments, −$3.00; short Phemex: 6 payments, +$76.39.
OK: Entry gap works for you+0.444% vs +0.110%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$75K vs $1.4M 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: KYCTxFlow No · Phemex 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−0.0001%/8h × 21 periods−$0.15

Price spread+0.444% → +0.110% (7d avg)+$33.35

Slippage, 4 orderslive order books−$120.10

Fee TxFlow bp × 2 orders−$9.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$107.91

Costs to cover1.411%Break-evennever at this rate

Slippage: TxFlow: live order book, 13 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow1.5213.9 bp−$14doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTPhemex19.1474.4 bp−$74187.6 bp−$1,876doesn’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