USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.0092%/8h

paid, last 24h−0.091%paid, last 7 days−0.153%to open and closeno order book

Long on Bitget Short on Polymarket Perps

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget USELESSUSDT	0.2762	0.0192	pay 0.0096% / 4h	1h 53m	$5.3M	$5.8M	20x
Short	Polymarket Perps USELESS-USD	0.2763	0.0100	get 0.0013% / 1h	53m 56s	$54K	$201K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$19.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.32
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 6 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.051%
Avg gap 7d: +0.036%

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, 6 min ago	3.59 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$834K	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	$49.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$678K	25x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	$54K	$201K	3x
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$285K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$493K	$1.4M	20x	as long as short
Bitget USELESSUSDTlong	+0.0192%	4h	$5.3M	$5.8M	20x
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0217%	1h	$12.0M	$12.8M	3x	as long as short
Extended USELESS-USD	+0.0472%	1h	$261K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0473%	4h	$23.4M	$79.7M	50x	as long as short
MEXC USELESS_USDT	+0.0482%	4h	$16.6M	$4.1M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	$22K	$183K	10x	as long as short
Bybit USELESSUSDT	+0.0602%	4h	$27.0M	$31.4M	13x	as long as short
BingX USELESS-USDT	+0.0618%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0751%	4h	$1.2M	$1.4M	—	as long as short
Aster USELESSUSDT	+0.0865%	4h	$582K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0916%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1119%	4h	$18K	$1.4M	10x	as long as short