USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0132%/8h

next payment, per $10,000−$0.66paid, last 24h+0.016%paid, last 7 days+0.022%to open and close $10k−$169

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2776	0.0232	pay 0.0116% / 4h	1h 02m	$5.3M	$6.1M	20x
Short	Phemex USELESSUSDT	0.2777	0.0100	get 0.0050% / 4h	1h 02m	$503K	$1.4M	20x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersRate

Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 1 min ago.

A gap far from its average can cost days of funding.

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

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	2.34 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	17.63 bp	53.8 bp −$54	doesn't fit	doesn't fit	doesn't fit

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	$846K	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	$51.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$678K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$167K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$298K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTshort	+0.0100%	4h	$503K	$1.4M	20x
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDTlong	+0.0232%	4h	$5.3M	$6.1M	20x
Hyperliquid USELESS	+0.0386%	1h	$12.0M	$13.1M	3x	as long as short
edgeX USELESSUSDC	+0.0433%	4h	$21K	$183K	10x	as long as short
Extended USELESS-USD	+0.0448%	1h	$261K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0448%	4h	$16.8M	$4.3M	50x	as long as short
Binance USELESSUSDT	+0.0450%	4h	$23.4M	$82.5M	50x	as long as short
BingX USELESS-USDT	+0.0510%	4h	—	$3.8M	—	as long as short
Bybit USELESSUSDT	+0.0552%	4h	$26.9M	$33.1M	13x	as long as short
Variational Omni USELESS	+0.0629%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0804%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0913%	4h	$591K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short