USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.0630%/8h

paid, last 24h−0.099%paid, last 5 days−0.251%to open and close $10k−$213

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.251% in total (about -18.2% 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	Aster USELESSUSDT	0.2868	0.1142	pay 0.0571% / 4h	3h 28m	$682K	$1.4M	10x
Short	Extended USELESS-USD	0.2865	0.0512	get 0.0064% / 1h	28m 29s	$266K	$917K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee ExtendedbpOrdersRate

Funding earned: −$132.35
Slippage, 4 orders: −$199.71
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$345.06
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Extended: live order book, 16 min ago.

Price risk

price view

Price gap now: −0.133%
Avg gap 7d: −0.005%

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, 1 min ago	5.43 bp	30.3 bp −$30	357.2 bp −$3,572	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	61.16 bp	82.3 bp −$82	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	$950K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$56.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$6.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.2M	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	$319K	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0210%	4h	$5.4M	$6.7M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0217%	1h	$38K	$690K	25x	as long as short
Variational Omni USELESS	+0.0429%	4h	$1.2M	$1.5M	—	as long as short
Phemex USELESSUSDT	+0.0433%	4h	$512K	$1.3M	20x	as long as short
Binance USELESSUSDT	+0.0503%	4h	$24.6M	$89.1M	50x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	$18.2M	$4.6M	50x	as long as short
Extended USELESS-USDshort	+0.0512%	1h	$266K	$917K	5x
edgeX USELESSUSDC	+0.0523%	4h	$22K	$185K	10x	as long as short
BingX USELESS-USDT	+0.0740%	4h	—	$4.2M	—	as long as short
Polymarket Perps USELESS-USD	+0.0890%	1h	$34K	$114K	3x	as long as short
Bybit USELESSUSDT	+0.0940%	4h	$28.3M	$36.4M	13x	as long as short
Hyperliquid USELESS	+0.0975%	1h	$13.7M	$14.4M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0977%	4h	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1056%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDTlong	+0.1142%	4h	$682K	$1.4M	10x