USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0372%/8h

paid, last 24h+0.089%paid, last 7 days+0.166%to open and close $10k−$74

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni USELESSUSDT	0.2751	0.0100	pay 0.0013% / 1h	53m 25s	$41K	$679K	25x
Short	BingX USELESS-USDT	0.2767	0.0472	get 0.0236% / 4h	53m 25s	—	$3.9M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BingXbpOrdersRate

Funding earned: $78.12
Slippage, 4 orders: −$53.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $4.16
Break-even: 6.6 days

Slippage from ApeX Omni: live order book, 61 min ago; BingX: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.571%
Avg gap 7d: −0.043%

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 ApeX Omni live order book, 61 min ago	10.85 bp	18.6 bp −$19	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.54 bp	20.2 bp −$20	56.9 bp −$569	357.8 bp −$35.8K	doesn't fit

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	$18K	5.5x	as long as short
Polymarket Perps USELESS-USD	−0.2097%	1h	$54K	$167K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	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	$50.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.5M	12x	as long as short
ApeX Omni USELESSUSDTlong	+0.0100%	1h	$41K	$679K	25x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$300K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$500K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0230%	4h	$5.3M	$6.1M	20x	as long as short
edgeX USELESSUSDC	+0.0408%	4h	$21K	$183K	10x	as long as short
Binance USELESSUSDT	+0.0422%	4h	$23.3M	$82.6M	50x	as long as short
MEXC USELESS_USDT	+0.0422%	4h	$16.7M	$4.2M	50x	as long as short
Extended USELESS-USD	+0.0424%	1h	$261K	$915K	5x	as long as short
Bybit USELESSUSDT	+0.0469%	4h	$26.8M	$33.1M	13x	as long as short
BingX USELESS-USDTshort	+0.0472%	4h	—	$3.9M	—
Variational Omni USELESS	+0.0600%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0722%	4h	$1.1M	$1.6M	12x	as long as short
Hyperliquid USELESS	+0.0829%	1h	$12.0M	$13.0M	3x	as long as short
Aster USELESSUSDT	+0.0888%	4h	$604K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1085%	4h	$18K	$1.4M	10x	as long as short