USELESS

Alert

Funding spread now, next payment 19:00 UTC−0.0274%/8h

paid, last 24h−0.139%paid, last 5 days−0.385%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2856	0.0374	pay 0.0187% / 4h	1h 13m	—	$4.4M	—
Short	Pacifica USELESS	0.2847	0.0100	get 0.0013% / 1h	13m 43s	$32K	$76K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee PacificabpOrdersRate

Funding earned: −$57.54
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$75.54
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.319%
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, 13 min ago	3.15 bp	16.6 bp −$17	50.4 bp −$504	377.3 bp −$37.7K	1200.3 bp −$600.1K
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$949K	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	$32K	$76K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$8.1M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$115K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$344K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$540K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0176%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0181%	4h	$27.9M	$37.3M	13x	as long as short
Variational Omni USELESS	+0.0287%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0355%	4h	$21K	$187K	10x	as long as short
MEXC USELESS_USDT	+0.0356%	4h	$19.1M	$5.0M	50x	as long as short
Binance USELESSUSDT	+0.0359%	4h	$24.2M	$94.1M	50x	as long as short
Extended USELESS-USD	+0.0360%	1h	$259K	$920K	5x	as long as short
BingX USELESS-USDTlong	+0.0374%	4h	—	$4.4M	—
BloFin USELESS-USDT	+0.0401%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0694%	1h	$13.7M	$15.5M	3x	as long as short
Aster USELESSUSDT	+0.0798%	4h	$639K	$1.9M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0887%	4h	$22K	$1.4M	10x	as long as short