USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.1100%/8h

next payment, per $10,000−$5.50paid, last 24h−0.188%paid, last 5 days−0.392%to open and close $10k−$108

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.392% in total (about -28.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.50 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	0.2939	0.1200	pay 0.0600% / 4h	3h 33m	$698K	$1.4M	10x
Short	Gate USELESS_USDT	0.2936	0.0100	get 0.0050% / 4h	3h 33m	$6.9M	$6.0M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GatebpOrdersRate

Funding earned: −$231.05
Slippage, 4 orders: −$84.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$338.7
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.093%
Avg gap 7d: −0.088%

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	3.40 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.56 bp	35.4 bp −$35	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	$1.4M	$935K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.1M	$57.1M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.9M	$6.0M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.5M	$7.1M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$22K	$318K	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	$11K	—	3x	as long as short
Bitget USELESSUSDT	+0.0224%	4h	$5.5M	$6.8M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni USELESS	+0.0485%	4h	$1.3M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0508%	4h	$23K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0528%	4h	$25.2M	$88.3M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	$277K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0536%	4h	$18.6M	$4.6M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0586%	1h	$39K	$690K	25x	as long as short
Bybit USELESSUSDT	+0.0778%	4h	$29.1M	$36.1M	13x	as long as short
Phemex USELESSUSDT	+0.0792%	4h	$526K	$1.3M	20x	as long as short
Orderly PERP_USELESS_USDC	+0.0995%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1036%	1h	$13.9M	$14.2M	3x	as long as short
Polymarket Perps USELESS-USD	+0.1060%	1h	$35K	$114K	3x	as long as short
Aster USELESSUSDTlong	+0.1200%	4h	$698K	$1.4M	10x
BloFin USELESS-USDT	+0.1303%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDT	+0.1408%	4h	—	$4.1M	—	as long as short