USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0253%/8h

next payment, per $10,000+$1.26paid, last 24h+0.026%paid, last 7 days+0.070%to open and close $10k−$235

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.26 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	0.2873	0.0158	pay 0.0079% / 4h	56m 11s	$5.5M	$7.3M	20x
Short	edgeX USELESSUSDC	0.2898	0.0411	get 0.0205% / 4h	56m 11s	$22K	$186K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee edgeXbpOrdersRate

Funding earned: $53.07
Slippage, 4 orders: −$213.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$181.45
Break-even: 30.9 days

Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 37 min ago.

Price risk

price view

Price gap now: +0.875%
Avg gap 7d: +0.089%

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	3.26 bp	28.5 bp −$28	96.1 bp −$961	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	1.05 bp	93.6 bp −$94	doesn't fit	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
Lighter USELESS	+0.0096%	1h	$1.3M	$946K	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	$13.4M	$16.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$59.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.9M	$6.7M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$8.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$691K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$110K	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	$348K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$543K	$1.3M	20x	as long as short
Bybit USELESSUSDT	+0.0150%	4h	$28.1M	$37.7M	13x	as long as short
Bitget USELESSUSDTlong	+0.0158%	4h	$5.5M	$7.3M	20x
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0288%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0400%	4h	—	$4.5M	—	as long as short
edgeX USELESSUSDCshort	+0.0411%	4h	$22K	$186K	10x
BloFin USELESS-USDT	+0.0412%	4h	$1.2M	$1.8M	12x	as long as short
MEXC USELESS_USDT	+0.0414%	4h	$19.6M	$5.0M	50x	as long as short
Binance USELESSUSDT	+0.0416%	4h	$24.6M	$95.8M	50x	as long as short
Extended USELESS-USD	+0.0416%	1h	$262K	$920K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.0887%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0895%	4h	$664K	$2.0M	10x	as long as short
Injective USELESS/USDC PERP	+0.4654%	1h	$5K	$14K	5.5x	as long as short