USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.0100%/8h

next payment, per $10,000−$0.13paid, last 24h+0.008%paid, last 5 days+0.096%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2763	0.0200	pay 0.0025% / 1h	47m 13s	$10K	—	3x
Short	ApeX Omni USELESSUSDT	0.2773	0.0100	get 0.0013% / 1h	47m 13s	$41K	$679K	25x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ApeX OmnibpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; ApeX Omni: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.366%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 8 min ago	10.85 bp	18.9 bp −$19	112.6 bp −$1,126	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$49.4M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	12x	as long as short
ApeX Omni USELESSUSDTshort	+0.0100%	1h	$41K	$679K	25x
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$287K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0188%	4h	$5.2M	$5.8M	20x	as long as short
Aevo USELESS-PERPlong	+0.0200%	1h	$10K	—	3x
Hyperliquid USELESS	+0.0290%	1h	$12.0M	$12.8M	3x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$21K	$184K	10x	as long as short
Extended USELESS-USD	+0.0472%	1h	$260K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0476%	4h	$23.4M	$80.1M	50x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	$16.6M	$4.1M	50x	as long as short
Bybit USELESSUSDT	+0.0496%	4h	$26.9M	$31.7M	13x	as long as short
BingX USELESS-USDT	+0.0546%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0759%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0871%	4h	$581K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1119%	4h	$18K	$1.4M	10x	as long as short