USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0550%/8h

next payment, per $10,000+$2.75paid, last 24h+0.117%paid, last 5 days+0.333%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2775	0.0572	pay 0.0286% / 4h	1h 50m	—	$3.8M	—
Short	Orderly PERP_USELESS_USDC	0.2774	0.1122	get 0.0561% / 4h	1h 50m	$18K	$1.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee OrderlybpOrdersRate

Funding earned: $115.41
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $99.41
Break-even: 1.0 days

Slippage unknown: BingX: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.032%
Avg gap 7d: −0.002%

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, 6 min ago	3.59 bp	16.6 bp −$17	58.2 bp −$582	397.5 bp −$39.8K	1185.6 bp −$592.8K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
ApeX Omni USELESSUSDT	+0.0012%	1h	$41K	$679K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$286K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0186%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0332%	1h	$12.1M	$12.8M	3x	as long as short
Extended USELESS-USD	+0.0456%	1h	$261K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0458%	4h	$23.5M	$79.9M	50x	as long as short
MEXC USELESS_USDT	+0.0460%	4h	$16.6M	$4.1M	50x	as long as short
edgeX USELESSUSDC	+0.0461%	4h	$21K	$184K	10x	as long as short
Bybit USELESSUSDT	+0.0531%	4h	$27.1M	$31.6M	13x	as long as short
BingX USELESS-USDTlong	+0.0572%	4h	—	$3.8M	—
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0792%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0850%	4h	$583K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1122%	4h	$18K	$1.4M	10x