USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0882%/8h

next payment, per $10,000−$4.41paid, last 24h−0.183%paid, last 5 days−0.415%to open and close $10k−$71

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.415% in total (about -29.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.41 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	0.2897	0.0982	pay 0.0491% / 4h	2h 31m	$675K	$1.6M	10x
Short	OKX USELESS-USDT-SWAP	0.2898	0.0100	get 0.0050% / 4h	2h 31m	$9.9M	$58.1M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersRate

Funding earned: −$185.21
Slippage, 4 orders: −$52.7
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$255.91
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; OKX: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.059%
Avg gap 7d: −0.023%

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, 3 min ago	4.33 bp	18.5 bp −$19	50.2 bp −$502	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.04 bp	19.1 bp −$19	58.4 bp −$584	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	$855	$20K	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	$83K	3x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0100%	4h	$9.9M	$58.1M	10x
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	$333K	20x	as long as short
Bybit USELESSUSDT	+0.0102%	4h	$28.5M	$36.8M	13x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0328%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0359%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDT	+0.0412%	4h	—	$4.4M	—	as long as short
Extended USELESS-USD	+0.0416%	1h	$269K	$912K	5x	as long as short
Binance USELESSUSDT	+0.0418%	4h	$24.6M	$91.9M	50x	as long as short
MEXC USELESS_USDT	+0.0418%	4h	$18.9M	$4.8M	50x	as long as short
edgeX USELESSUSDC	+0.0419%	4h	$22K	$185K	10x	as long as short
Phemex USELESSUSDT	+0.0552%	4h	$532K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0896%	1h	$14.1M	$15.2M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0958%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDTlong	+0.0982%	4h	$675K	$1.6M	10x