USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.2285%/8h

paid, last 24h+0.094%paid, last 7 days+0.087%to open and close $10k−$191

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.6% 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	0.2812	0.0273	pay 0.0034% / 1h	48m 57s	$36K	$687K	25x
Short	Phemex USELESSUSDT	0.2838	0.2558	get 0.1279% / 4h	3h 48m	$516K	$1.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee PhemexbpOrdersRate

Funding earned: $479.82
Slippage, 4 orders: −$169.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $288.52
Break-even: 2.8 days

Slippage from ApeX Omni: live order book, 61 min ago; Phemex: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.914%
Avg gap 7d: −0.012%

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	8.90 bp	17.5 bp −$17	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	38.27 bp	80.8 bp −$81	doesn't fit	doesn't fit	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
Lighter USELESS	+0.0096%	1h	$1.3M	$912K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$53.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$5.8M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$6.9M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$314K	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0186%	4h	$5.3M	$6.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDTlong	+0.0273%	1h	$36K	$687K	25x
BingX USELESS-USDT	+0.0394%	4h	—	$4.0M	—	as long as short
Variational Omni USELESS	+0.0395%	4h	$1.2M	$1.6M	—	as long as short
edgeX USELESSUSDC	+0.0398%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0418%	4h	$17.9M	$4.4M	50x	as long as short
Extended USELESS-USD	+0.0424%	1h	$267K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0428%	4h	$24.1M	$85.7M	50x	as long as short
BloFin USELESS-USDT	+0.0623%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0829%	1h	$12.6M	$13.6M	3x	as long as short
Bybit USELESSUSDT	+0.0900%	4h	$27.9M	$35.1M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0974%	1h	$37K	$109K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0996%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1022%	4h	$672K	$1.3M	10x	as long as short
Phemex USELESSUSDTshort	+0.2558%	4h	$516K	$1.3M	20x