USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0643%/8h

next payment, per $10,000−$3.22paid, last 24h−0.098%paid, last 5 days−0.286%to open and close $10k−$93

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.286% in total (about -21.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.22 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	0.2748	0.0869	pay 0.0435% / 4h	1h 08m	$584K	$1.2M	10x
Short	Bitget USELESSUSDT	0.2744	0.0226	get 0.0113% / 4h	1h 08m	$5.2M	$6.1M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BitgetbpOrdersRate

Funding earned: −$135.06
Slippage, 4 orders: −$72.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$227.68
Break-even: never at this rate

Slippage from Aster: live order book, just now; Bitget: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.139%
Avg gap 7d: +0.013%

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, just now	4.56 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	2.96 bp	28.7 bp −$29	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	$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	$50.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.3M	$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	$53K	$177K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$297K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$497K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDTshort	+0.0226%	4h	$5.2M	$6.1M	20x
Hyperliquid USELESS	+0.0323%	1h	$11.8M	$13.0M	3x	as long as short
edgeX USELESSUSDC	+0.0418%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USD	+0.0440%	1h	$258K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0442%	4h	$16.5M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0442%	4h	$23.1M	$82.2M	50x	as long as short
Bybit USELESSUSDT	+0.0497%	4h	$26.5M	$32.8M	13x	as long as short
BingX USELESS-USDT	+0.0524%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0665%	4h	$1.1M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0741%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDTlong	+0.0869%	4h	$584K	$1.2M	10x
Orderly PERP_USELESS_USDC	+0.1112%	4h	$18K	$1.4M	10x	as long as short