USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.5100%/8h

next payment, per $10,000−$6.38paid, last 24h−1.467%paid, last 4 days−1.246%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -1.246% in total (about -124.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.38 per $10,000. 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	0.2829	0.0100	pay 0.0013% / 1h	16m 58s	$34K	$690K	25x
Short	Injective USELESS/USDC PERP	0.2658	−0.5000	pay 0.0625% / 1h	16m 58s	$3K	$18K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee InjectivebpOrdersRate

Funding earned: −$1,071
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,081.02
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 28 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −6.030%
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 ApeX Omni live order book, 28 min ago	6.91 bp	14.4 bp −$14	92.9 bp −$929	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.5000%	1h	$3K	$18K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$55.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDTlong	+0.0100%	1h	$34K	$690K	25x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$323K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$509K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0166%	4h	$5.3M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0466%	4h	$1.2M	$1.5M	—	as long as short
Binance USELESSUSDT	+0.0469%	4h	$24.0M	$89.7M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	$264K	$912K	5x	as long as short
MEXC USELESS_USDT	+0.0474%	4h	$18.0M	$4.7M	50x	as long as short
edgeX USELESSUSDC	+0.0487%	4h	$22K	$185K	10x	as long as short
BingX USELESS-USDT	+0.0504%	4h	—	$4.3M	—	as long as short
Bybit USELESSUSDT	+0.0590%	4h	$27.8M	$36.6M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0757%	1h	$32K	$107K	3x	as long as short
BloFin USELESS-USDT	+0.0873%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0963%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1003%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1055%	4h	$643K	$1.5M	10x	as long as short