USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0260%/8h

paid, last 24h−0.071%paid, last 5 days−0.188%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2822	0.0452	pay 0.0226% / 4h	7m 32s	$23.8M	$85.5M	50x
Short	Aevo USELESS-PERP	0.2836	0.0192	get 0.0024% / 1h	7m 32s	$10K	—	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee AevobpOrdersRate

Funding earned: −$54.57
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$80.57
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.480%
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 Binance live order book, 7 min ago	0.54 bp	15.1 bp −$15	44.0 bp −$440	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 PERP	−0.5000%	1h	$3K	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$883K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$53.0M	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	$147K	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	$310K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERPshort	+0.0192%	1h	$10K	—	3x
Bitget USELESSUSDT	+0.0208%	4h	$5.3M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0344%	4h	$27.5M	$35.0M	13x	as long as short
BingX USELESS-USDT	+0.0423%	4h	—	$4.0M	—	as long as short
edgeX USELESSUSDC	+0.0429%	4h	$21K	$183K	10x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.6M	—	as long as short
MEXC USELESS_USDT	+0.0446%	4h	$17.6M	$4.4M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$267K	$915K	5x	as long as short
Binance USELESSUSDTlong	+0.0452%	4h	$23.8M	$85.5M	50x
BloFin USELESS-USDT	+0.0578%	4h	$1.2M	$1.7M	12x	as long as short
Phemex USELESSUSDT	+0.0591%	4h	$515K	$1.3M	20x	as long as short
Orderly PERP_USELESS_USDC	+0.1024%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1034%	4h	$667K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1141%	1h	$12.5M	$13.6M	3x	as long as short