USELESS

Alert

Funding spread now, next payment 15:00 UTC+0.0372%/8h

paid, last 24h+0.088%paid, last 5 days+0.218%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2773	0.0192	pay 0.0024% / 1h	4m 23s	$10K	—	3x
Short	Bybit USELESSUSDT	0.2773	0.0564	get 0.0282% / 4h	1h 04m	$26.9M	$33.0M	13x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BybitbpOrdersRate

Funding earned: $78.14
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $51.14
Break-even: 2.4 days

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.005%
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 Bybit live order book, 1 min ago	1.44 bp	18.0 bp −$18	44.2 bp −$442	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	$846K	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	$50.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$174K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$298K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$502K	$1.4M	20x	as long as short
Aevo USELESS-PERPlong	+0.0192%	1h	$10K	—	3x
Bitget USELESSUSDT	+0.0236%	4h	$5.3M	$6.1M	20x	as long as short
Hyperliquid USELESS	+0.0372%	1h	$12.0M	$13.1M	3x	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$183K	10x	as long as short
Extended USELESS-USD	+0.0448%	1h	$261K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0448%	4h	$16.7M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0449%	4h	$23.3M	$82.4M	50x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.8M	—	as long as short
Bybit USELESSUSDTshort	+0.0564%	4h	$26.9M	$33.0M	13x
Variational Omni USELESS	+0.0629%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0759%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0902%	4h	$592K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short