USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0549%/8h

next payment, per $10,000+$2.75paid, last 24h+0.031%paid, last 7 days+0.086%to open and close $10k−$99

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.75 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	0.2788	0.0216	pay 0.0108% / 4h	2h 40m	$5.3M	$5.7M	20x
Short	Bybit USELESSUSDT	0.2785	0.0765	get 0.0383% / 4h	2h 40m	$27.3M	$30.9M	13x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersRate

Funding earned: $115.3
Slippage, 4 orders: −$76.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $15.98
Break-even: 6.0 days

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.100%
Avg gap 7d: −0.032%

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, 4 min ago	3.41 bp	35.9 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.18 bp	19.0 bp −$19	38.2 bp −$382	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	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$25K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$672K	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	$20K	$275K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$489K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0143%	1h	$12.3M	$12.5M	3x	as long as short
Bitget USELESSUSDTlong	+0.0216%	4h	$5.3M	$5.7M	20x
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0536%	4h	$21K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0548%	4h	$16.5M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0549%	4h	$23.7M	$78.4M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	$261K	$911K	5x	as long as short
BingX USELESS-USDT	+0.0678%	4h	—	$3.7M	—	as long as short
Bybit USELESSUSDTshort	+0.0765%	4h	$27.3M	$30.9M	13x
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Aster USELESSUSDT	+0.0872%	4h	$576K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0968%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1103%	4h	$18K	$1.4M	10x	as long as short