USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0500%/8h

next payment, per $10,000+$2.50paid, last 24h+0.041%paid, last 7 days+0.130%to open and close $10k−$88

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.50 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	Bitget USELESSUSDT	0.2787	0.0206	pay 0.0103% / 4h	1h 57m	$5.3M	$5.8M	20x
Short	BingX USELESS-USDT	0.2785	0.0706	get 0.0353% / 4h	1h 57m	—	$3.7M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersRate

Funding earned: $105
Slippage, 4 orders: −$66.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $16.55
Break-even: 5.9 days

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 14 min ago.

Price risk

price view

Price gap now: −0.039%
Avg gap 7d: −0.009%

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 Bitget live order book, 2 min ago	3.59 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.26 bp	19.2 bp −$19	56.3 bp −$563	344.1 bp −$34.4K	1112.4 bp −$556.2K

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
Lighter USELESS	+0.0096%	1h	$1.3M	$833K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	25x	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	$21K	$284K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$499K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDTlong	+0.0206%	4h	$5.3M	$5.8M	20x
Hyperliquid USELESS	+0.0268%	1h	$12.1M	$12.8M	3x	as long as short
Extended USELESS-USD	+0.0488%	1h	$263K	$915K	5x	as long as short
edgeX USELESSUSDC	+0.0489%	4h	$21K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0489%	4h	$23.7M	$79.7M	50x	as long as short
MEXC USELESS_USDT	+0.0498%	4h	$16.7M	$4.0M	50x	as long as short
Bybit USELESSUSDT	+0.0651%	4h	$27.3M	$31.4M	13x	as long as short
BingX USELESS-USDTshort	+0.0706%	4h	—	$3.7M	—
Variational Omni USELESS	+0.0777%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0883%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0890%	4h	$587K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1132%	4h	$18K	$1.4M	10x	as long as short