USELESS

Alert

Funding spread now, next payment 15:00 UTC+0.1023%/8h

paid, last 24h+0.206%paid, last 5 days+0.499%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni USELESSUSDT	0.2773	0.0100	pay 0.0013% / 1h	47m 24s	$41K	$679K	25x
Short	Orderly PERP_USELESS_USDC	0.2765	0.1123	get 0.0562% / 4h	1h 47m	$18K	$1.4M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee OrderlybpOrdersRate

Funding earned: $214.88
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $198.88
Break-even: 0.5 days

Slippage unknown: ApeX Omni: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.288%
Avg gap 7d: −0.058%

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, 7 min ago	10.85 bp	18.6 bp −$19	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 USELESSUSDTlong	+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	$495K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0188%	4h	$5.2M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
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
Binance USELESSUSDT	+0.0476%	4h	$23.4M	$80.0M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	$260K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	$16.6M	$4.1M	50x	as long as short
Bybit USELESSUSDT	+0.0496%	4h	$26.8M	$31.7M	13x	as long as short
BingX USELESS-USDT	+0.0572%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0790%	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_USDCshort	+0.1123%	4h	$18K	$1.4M	10x