USELESS

Alert

Funding spread now, next payment 19:00 UTC−0.5392%/8h

paid, last 24h−1.569%paid, last 4 days−1.544%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -1.544% in total (about -151.6% a year). A funding rate is set anew for every payment. 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	0.2859	0.0392	pay 0.0196% / 4h	1h 44m	—	$4.4M	—
Short	Injective USELESS/USDC PERP	0.2937	−0.5000	pay 0.0625% / 1h	44m 07s	$855	$14K	5.5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee InjectivebpOrdersRate

Funding earned: −$1,132.32
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,142.34
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +2.735%
Avg gap 7d: —

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, 12 min ago	3.36 bp	20.8 bp −$21	62.6 bp −$626	491.5 bp −$49.1K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.5000%	1h	$855	$14K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$944K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.9M	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	$5.2M	$7.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$118K	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	$337K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$519K	$1.2M	20x	as long as short
Bitget USELESSUSDT	+0.0158%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0370%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USD	+0.0376%	1h	$260K	$921K	5x	as long as short
MEXC USELESS_USDT	+0.0376%	4h	$18.9M	$4.9M	50x	as long as short
Binance USELESSUSDT	+0.0378%	4h	$24.3M	$93.6M	50x	as long as short
edgeX USELESSUSDC	+0.0384%	4h	$22K	$187K	10x	as long as short
Bybit USELESSUSDT	+0.0387%	4h	$27.9M	$37.3M	13x	as long as short
BingX USELESS-USDTlong	+0.0392%	4h	—	$4.4M	—
BloFin USELESS-USDT	+0.0584%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0755%	1h	$13.9M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0860%	4h	$590K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0914%	4h	$22K	$1.4M	10x	as long as short