USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0669%/8h

next payment, per $10,000+$0.84paid, last 24h−0.037%paid, last 7 days−0.117%to open and closeno order book

Long on ApeX Omni Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 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	0.2832	0.0100	pay 0.0013% / 1h	14m 05s	$34K	$691K	25x
Short	Polymarket Perps USELESS-USD	0.2842	0.0769	get 0.0096% / 1h	14m 05s	$32K	$106K	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Polymarket PerpsbpOrdersRate

Funding earned: $140.46
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $122.46
Break-even: 0.9 days

Slippage unknown: ApeX Omni: live order book, 31 min ago; Polymarket Perps: live order book, 35 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.335%
Avg gap 7d: −0.054%

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, 31 min ago	6.91 bp	14.4 bp −$14	92.9 bp −$929	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 35 min ago	0.18 bp	doesn't fit	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	$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	$56.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$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	$691K	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	+0.0154%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0416%	4h	$27.9M	$36.6M	13x	as long as short
Extended USELESS-USD	+0.0456%	1h	$265K	$912K	5x	as long as short
Binance USELESSUSDT	+0.0460%	4h	$24.0M	$89.8M	50x	as long as short
MEXC USELESS_USDT	+0.0462%	4h	$18.1M	$4.7M	50x	as long as short
Variational Omni USELESS	+0.0472%	4h	$1.2M	$1.5M	—	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
Polymarket Perps USELESS-USDshort	+0.0769%	1h	$32K	$106K	3x
BloFin USELESS-USDT	+0.0798%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0960%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1010%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1057%	4h	$644K	$1.5M	10x	as long as short