USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0213%/8h

next payment, per $10,000−$1.07paid, last 24h−0.016%paid, last 7 days−0.058%to open and close $10k−$75

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.07 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	Binance USELESSUSDT	0.2764	0.0449	pay 0.0225% / 4h	1h 05m	$23.3M	$82.3M	50x
Short	Bitget USELESSUSDT	0.2770	0.0236	get 0.0118% / 4h	1h 05m	$5.3M	$6.1M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersRate

Funding earned: −$44.77
Slippage, 4 orders: −$52.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.41
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.189%
Avg gap 7d: −0.006%

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, 9 min ago	0.19 bp	13.4 bp −$13	51.5 bp −$515	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.10 bp	28.1 bp −$28	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	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$846K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$50.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$680K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$174K	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	$298K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$500K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDTshort	+0.0236%	4h	$5.3M	$6.1M	20x
Hyperliquid USELESS	+0.0354%	1h	$11.9M	$13.1M	3x	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$183K	10x	as long as short
Extended USELESS-USD	+0.0448%	1h	$259K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0448%	4h	$16.6M	$4.2M	50x	as long as short
Binance USELESSUSDTlong	+0.0449%	4h	$23.3M	$82.3M	50x
BingX USELESS-USDT	+0.0472%	4h	—	$3.8M	—	as long as short
Bybit USELESSUSDT	+0.0519%	4h	$26.8M	$33.0M	13x	as long as short
Variational Omni USELESS	+0.0629%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0733%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0902%	4h	$588K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short