USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0745%/8h

next payment, per $10,000−$3.73paid, last 24h−0.082%paid, last 5 days−0.285%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.285% in total (about -20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.73 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	0.2837	0.0845	pay 0.0423% / 4h	1h 39m	$588K	$1.8M	10x
Short	Phemex USELESSUSDT	0.2842	0.0100	get 0.0050% / 4h	1h 39m	$518K	$1.2M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhemexbpOrdersRate

Funding earned: −$156.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$176.48
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Phemex: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.178%
Avg gap 7d: +0.066%

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	3.68 bp	16.0 bp −$16	46.2 bp −$462	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	11.19 bp	45.8 bp −$46	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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$944K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$8.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$119K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$338K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTshort	+0.0100%	4h	$518K	$1.2M	20x
Bitget USELESSUSDT	+0.0166%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0329%	4h	$27.7M	$37.3M	13x	as long as short
MEXC USELESS_USDT	+0.0372%	4h	$18.8M	$4.9M	50x	as long as short
Binance USELESSUSDT	+0.0372%	4h	$24.1M	$93.4M	50x	as long as short
edgeX USELESSUSDC	+0.0374%	4h	$22K	$185K	10x	as long as short
Extended USELESS-USD	+0.0376%	1h	$260K	$921K	5x	as long as short
Variational Omni USELESS	+0.0382%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0386%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0608%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0705%	1h	$13.8M	$15.6M	3x	as long as short
Aster USELESSUSDTlong	+0.0845%	4h	$588K	$1.8M	10x
Orderly PERP_USELESS_USDC	+0.0907%	4h	$22K	$1.4M	10x	as long as short