USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0911%/8h

paid, last 24h−0.184%paid, last 5 days−0.310%to open and close $10k−$75

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.310% in total (about -22.7% 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	0.2814	0.1007	pay 0.0503% / 4h	10m 18s	$662K	$1.4M	10x
Short	Lighter USELESS	0.2809	0.0096	get 0.0012% / 1h	10m 18s	$1.3M	$882K	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee LighterbpOrdersRate

Funding earned: −$191.28
Slippage, 4 orders: −$66.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$266.22
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.163%
Avg gap 7d: +0.002%

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	1.97 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.58 bp	18.9 bp −$19	74.0 bp −$740	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 USELESSshort	+0.0096%	1h	$1.3M	$882K	3x
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$53.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.9M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$683K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$153K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$309K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0212%	4h	$5.3M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0338%	4h	$27.4M	$34.9M	13x	as long as short
edgeX USELESSUSDC	+0.0404%	4h	$21K	$183K	10x	as long as short
BingX USELESS-USDT	+0.0404%	4h	—	$4.0M	—	as long as short
MEXC USELESS_USDT	+0.0432%	4h	$17.6M	$4.4M	50x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.6M	—	as long as short
Extended USELESS-USD	+0.0440%	1h	$265K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0442%	4h	$23.8M	$85.4M	50x	as long as short
BloFin USELESS-USDT	+0.0567%	4h	$1.2M	$1.7M	12x	as long as short
Phemex USELESSUSDT	+0.0573%	4h	$509K	$1.3M	20x	as long as short
Aster USELESSUSDTlong	+0.1007%	4h	$662K	$1.4M	10x
Orderly PERP_USELESS_USDC	+0.1030%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1136%	1h	$12.5M	$13.6M	3x	as long as short