USELESS

Alert

Funding spread now, next payment 19:00 UTC−0.0278%/8h

paid, last 24h−0.140%paid, last 7 days−0.162%to open and close $10k−$61

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.4% 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	0.2840	0.0374	pay 0.0187% / 4h	1h 34m	—	$4.4M	—
Short	Lighter USELESS	0.2836	0.0096	get 0.0012% / 1h	34m 40s	$1.3M	$945K	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee LighterbpOrdersRate

Funding earned: −$58.38
Slippage, 4 orders: −$51
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$119.38
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Lighter: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.134%
Avg gap 7d: −0.012%

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, 7 min ago	2.11 bp	16.8 bp −$17	53.3 bp −$533	430.8 bp −$43.1K	doesn't fit
Sell Lighter live order book, 3 min ago	5.13 bp	13.4 bp −$13	70.7 bp −$707	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	$855	$14K	5.5x	as long as short
Lighter USELESSshort	+0.0096%	1h	$1.3M	$945K	3x
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.5M	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	$21K	$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	+0.0301%	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-USDTlong	+0.0374%	4h	—	$4.4M	—
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 USELESSUSDT	+0.0378%	4h	$24.1M	$93.4M	50x	as long as short
BloFin USELESS-USDT	+0.0533%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0713%	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_USDC	+0.0899%	4h	$22K	$1.4M	10x	as long as short