USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0268%/8h

next payment, per $10,000−$1.34paid, last 24h−0.014%paid, last 7 days−0.040%to open and close $10k−$73

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.34 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	BingX USELESS-USDT	0.2908	0.0422	pay 0.0211% / 4h	2h 37m	—	$4.4M	—
Short	Bybit USELESSUSDT	0.2903	0.0154	get 0.0077% / 4h	2h 37m	$28.6M	$36.8M	13x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersRate

Funding earned: −$56.33
Slippage, 4 orders: −$52.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.38
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.169%
Avg gap 7d: −0.018%

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 BingX live order book, 4 min ago	2.77 bp	12.2 bp −$12	44.9 bp −$449	293.4 bp −$29.3K	doesn't fit
Sell Bybit live order book, 2 min ago	1.03 bp	18.7 bp −$19	46.6 bp −$466	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	$16K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$83K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.9M	$58.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.3M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.3M	$7.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.5M	$6.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$112K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$332K	20x	as long as short
Bybit USELESSUSDTshort	+0.0154%	4h	$28.6M	$36.8M	13x
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0353%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDTlong	+0.0422%	4h	—	$4.4M	—
MEXC USELESS_USDT	+0.0424%	4h	$18.9M	$4.8M	50x	as long as short
Binance USELESSUSDT	+0.0429%	4h	$24.6M	$91.6M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	$271K	$912K	5x	as long as short
edgeX USELESSUSDC	+0.0436%	4h	$22K	$185K	10x	as long as short
BloFin USELESS-USDT	+0.0453%	4h	$1.2M	$1.7M	12x	as long as short
Phemex USELESSUSDT	+0.0766%	4h	$536K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0859%	1h	$14.1M	$15.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0962%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1007%	4h	$678K	$1.6M	10x	as long as short