USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0338%/8h

next payment, per $10,000−$1.69paid, last 24h−0.072%paid, last 7 days+0.067%to open and close $10k−$97

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.69 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	0.2849	0.0438	pay 0.0219% / 4h	3h 47m	$24.2M	$85.7M	50x
Short	KuCoin USELESSUSDTM	0.2844	0.0100	get 0.0050% / 4h	3h 47m	$5.2M	$7.0M	12x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersRate

Funding earned: −$70.99
Slippage, 4 orders: −$74.52
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.51
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.183%
Avg gap 7d: −0.045%

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, 11 min ago	0.18 bp	11.5 bp −$12	41.0 bp −$410	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	3.20 bp	27.6 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	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$912K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$53.5M	10x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.2M	$7.0M	12x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$315K	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0196%	4h	$5.3M	$6.6M	20x	as long as short
Gate USELESS_USDT	+0.0234%	4h	$6.6M	$5.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0273%	1h	$36K	$687K	25x	as long as short
BingX USELESS-USDT	+0.0394%	4h	—	$4.0M	—	as long as short
Variational Omni USELESS	+0.0395%	4h	$1.2M	$1.6M	—	as long as short
edgeX USELESSUSDC	+0.0398%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0426%	4h	$17.9M	$4.4M	50x	as long as short
Binance USELESSUSDTlong	+0.0438%	4h	$24.2M	$85.7M	50x
Extended USELESS-USD	+0.0440%	1h	$268K	$915K	5x	as long as short
BloFin USELESS-USDT	+0.0623%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0822%	1h	$12.7M	$13.7M	3x	as long as short
Polymarket Perps USELESS-USD	+0.0980%	1h	$37K	$109K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1002%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1054%	4h	$673K	$1.3M	10x	as long as short
Bybit USELESSUSDT	+0.1217%	4h	$28.0M	$35.1M	13x	as long as short
Phemex USELESSUSDT	+0.3143%	4h	$518K	$1.3M	20x	as long as short