USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0939%/8h

next payment, per $10,000−$4.70paid, last 24h−0.168%paid, last 5 days−0.194%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 -0.194% in total (about -14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.70 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	0.2871	0.1039	pay 0.0520% / 4h	3h 04m	$662K	$1.6M	10x
Short	KuCoin USELESSUSDTM	0.2865	0.0100	get 0.0050% / 4h	3h 04m	$5.2M	$7.4M	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee KuCoinbpOrdersRate

Funding earned: −$197.19
Slippage, 4 orders: −$87.83
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$305.02
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; KuCoin: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.206%
Avg gap 7d: −0.027%

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, 5 min ago	5.79 bp	19.5 bp −$20	149.1 bp −$1,491	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	2.46 bp	37.3 bp −$37	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	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$56.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$6.2M	50x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.2M	$7.4M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$34K	$692K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$326K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$518K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0130%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0325%	4h	$28.1M	$36.4M	13x	as long as short
Variational Omni USELESS	+0.0382%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0428%	4h	—	$4.3M	—	as long as short
MEXC USELESS_USDT	+0.0438%	4h	$18.3M	$4.8M	50x	as long as short
edgeX USELESSUSDC	+0.0444%	4h	$22K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0445%	4h	$24.3M	$89.9M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$269K	$912K	5x	as long as short
BloFin USELESS-USDT	+0.0550%	4h	$1.2M	$1.7M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0770%	1h	$31K	$108K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0968%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1031%	1h	$13.7M	$14.5M	3x	as long as short
Aster USELESSUSDTlong	+0.1039%	4h	$662K	$1.6M	10x