USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0310%/8h

next payment, per $10,000−$1.55paid, last 24h−0.101%paid, last 7 days−0.186%to open and close $10k−$98

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.55 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	0.2776	0.0410	pay 0.0205% / 4h	17m 26s	—	$4.0M	—
Short	Gate USELESS_USDT	0.2774	0.0100	get 0.0050% / 4h	17m 26s	$6.4M	$5.8M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersRate

Funding earned: −$65.1
Slippage, 4 orders: −$73.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$163.44
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.072%
Avg gap 7d: −0.089%

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, 9 min ago	2.50 bp	15.7 bp −$16	44.3 bp −$443	293.1 bp −$29.3K	doesn't fit
Sell Gate live order book, 2 min ago	3.06 bp	31.8 bp −$32	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	$880K	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	$52.4M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.4M	$5.8M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$684K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$165K	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	$307K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0210%	4h	$5.3M	$6.5M	20x	as long as short
Bybit USELESSUSDT	+0.0342%	4h	$27.0M	$34.7M	13x	as long as short
BingX USELESS-USDTlong	+0.0410%	4h	—	$4.0M	—
Phemex USELESSUSDT	+0.0413%	4h	$508K	$1.3M	20x	as long as short
edgeX USELESSUSDC	+0.0417%	4h	$21K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0427%	4h	$23.4M	$85.0M	50x	as long as short
MEXC USELESS_USDT	+0.0430%	4h	$17.3M	$4.4M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	$261K	$915K	5x	as long as short
Variational Omni USELESS	+0.0487%	4h	$1.2M	$1.6M	—	as long as short
BloFin USELESS-USDT	+0.0593%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0960%	4h	$654K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1028%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1192%	1h	$12.3M	$13.6M	3x	as long as short