USELESS

Alert

Funding spread now, next payment 18:00 UTC−0.5999%/8h

paid, last 24h−1.643%paid, last 4 days−1.680%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -1.680% in total (about -166.5% 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	0.2897	0.0999	pay 0.0499% / 4h	2h 36m	$675K	$1.6M	10x
Short	Injective USELESS/USDC PERP	0.2937	−0.5000	pay 0.0625% / 1h	36m 05s	$855	$20K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee InjectivebpOrdersRate

Funding earned: −$1,259.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,267.77
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +1.393%
Avg gap 7d: —

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, 4 min ago	6.21 bp	13.6 bp −$14	49.5 bp −$495	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERPshort	−0.5000%	1h	$855	$20K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$83K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.9M	$58.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.3M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.5M	$6.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$113K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$332K	20x	as long as short
Bybit USELESSUSDT	+0.0122%	4h	$28.6M	$36.8M	13x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0353%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0394%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDT	+0.0416%	4h	—	$4.4M	—	as long as short
edgeX USELESSUSDC	+0.0423%	4h	$22K	$185K	10x	as long as short
Extended USELESS-USD	+0.0432%	1h	$269K	$912K	5x	as long as short
MEXC USELESS_USDT	+0.0434%	4h	$18.9M	$4.8M	50x	as long as short
Binance USELESSUSDT	+0.0436%	4h	$24.7M	$91.8M	50x	as long as short
Phemex USELESSUSDT	+0.0704%	4h	$534K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0861%	1h	$14.1M	$15.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0947%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDTlong	+0.0999%	4h	$675K	$1.6M	10x