USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0068%/8h

next payment, per $10,000−$0.34paid, last 24h+0.027%paid, last 3 days−0.045%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2846	0.0497	pay 0.0248% / 4h	3h 26m	$24.2M	$89.2M	50x
Short	Variational Omni USELESS	0.2919	0.0429	get 0.0215% / 4h	3h 26m	$1.2M	$1.5M	—

Funding history

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latest

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersRate

Slippage unknown: Binance: live order book, 3 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

A gap far from its average can cost days of funding.

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

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, 3 min ago	0.17 bp	13.7 bp −$14	37.7 bp −$377	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.17 bp	doesn't fit	39.6 bp −$396	doesn't fit	doesn't fit

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	$952K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$55.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$6.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$690K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$320K	20x	as long as short
Phemex USELESSUSDT	+0.0188%	4h	$509K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0204%	4h	$5.4M	$6.7M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	$10K	—	3x	as long as short
Variational Omni USELESSshort	+0.0429%	4h	$1.2M	$1.5M	—
Extended USELESS-USD	+0.0496%	1h	$266K	$917K	5x	as long as short
MEXC USELESS_USDT	+0.0496%	4h	$18.1M	$4.7M	50x	as long as short
Binance USELESSUSDTlong	+0.0497%	4h	$24.2M	$89.2M	50x
edgeX USELESSUSDC	+0.0523%	4h	$22K	$185K	10x	as long as short
BingX USELESS-USDT	+0.0662%	4h	—	$4.2M	—	as long as short
Polymarket Perps USELESS-USD	+0.0826%	1h	$34K	$112K	3x	as long as short
Bybit USELESSUSDT	+0.0863%	4h	$28.1M	$36.4M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.0974%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.0981%	1h	$13.5M	$14.4M	3x	as long as short
BloFin USELESS-USDT	+0.1052%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1118%	4h	$677K	$1.4M	10x	as long as short