USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0521%/8h

next payment, per $10,000+$2.60paid, last 24h+0.146%paid, last 5 days+0.439%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2835	0.0378	pay 0.0189% / 4h	1h 34m	$24.1M	$93.4M	50x
Short	Orderly PERP_USELESS_USDC	0.2837	0.0899	get 0.0449% / 4h	1h 34m	$22K	$1.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee OrderlybpOrdersRate

Funding earned: $109.31
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $93.31
Break-even: 1.0 days

Slippage unknown: Binance: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.090%
Avg gap 7d: −0.008%

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, 10 min ago	0.35 bp	16.3 bp −$16	53.6 bp −$536	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	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	$57.4M	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	$120K	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	$339K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$521K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0172%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0283%	4h	$27.7M	$37.3M	13x	as long as short
Variational Omni USELESS	+0.0346%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0371%	4h	$22K	$186K	10x	as long as short
BingX USELESS-USDT	+0.0374%	4h	—	$4.4M	—	as long as short
Extended USELESS-USD	+0.0376%	1h	$260K	$920K	5x	as long as short
MEXC USELESS_USDT	+0.0378%	4h	$18.7M	$4.9M	50x	as long as short
Binance USELESSUSDTlong	+0.0378%	4h	$24.1M	$93.4M	50x
BloFin USELESS-USDT	+0.0533%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0699%	1h	$13.8M	$15.6M	3x	as long as short
Aster USELESSUSDT	+0.0846%	4h	$588K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.0899%	4h	$22K	$1.4M	10x