USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0427%/8h

next payment, per $10,000−$2.14paid, last 24h−0.058%paid, last 5 days−0.156%to open and close $10k−$68

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.156% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.14 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	Aster USELESSUSDT	0.2763	0.0899	pay 0.0450% / 4h	1h 06m	$588K	$1.2M	10x
Short	BingX USELESS-USDT	0.2763	0.0472	get 0.0236% / 4h	1h 06m	—	$3.8M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersRate

Funding earned: −$89.71
Slippage, 4 orders: −$50.03
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$157.74
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; BingX: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.021%
Avg gap 7d: +0.032%

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 Aster live order book, 3 min ago	4.56 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.39 bp	16.7 bp −$17	46.0 bp −$460	303.0 bp −$30.3K	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	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$845K	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	$50.6M	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	$6.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$680K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$174K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$297K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$499K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0234%	4h	$5.3M	$6.1M	20x	as long as short
Hyperliquid USELESS	+0.0346%	1h	$11.9M	$13.1M	3x	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$183K	10x	as long as short
MEXC USELESS_USDT	+0.0444%	4h	$16.6M	$4.2M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$259K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0449%	4h	$23.2M	$82.3M	50x	as long as short
BingX USELESS-USDTshort	+0.0472%	4h	—	$3.8M	—
Bybit USELESSUSDT	+0.0519%	4h	$26.7M	$32.9M	13x	as long as short
Variational Omni USELESS	+0.0665%	4h	$1.1M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0733%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDTlong	+0.0899%	4h	$588K	$1.2M	10x
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short