USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0593%/8h

paid, last 24h+0.022%paid, last 7 days+0.042%to open and close $10k−$68

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. 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	BloFin USELESS-USDT	0.2778	0.0570	pay 0.0285% / 4h	14m 11s	$1.2M	$1.6M	12x
Short	Hyperliquid USELESS	0.2797	0.1163	get 0.0145% / 1h	14m 11s	$12.3M	$13.6M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee HyperliquidbpOrdersRate

Funding earned: $124.55
Slippage, 4 orders: −$47.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $56.25
Break-even: 3.8 days

Slippage from BloFin: live order book, 5 min ago; Hyperliquid: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.659%
Avg gap 7d: +0.021%

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 BloFin live order book, 5 min ago	0.72 bp	13.5 bp −$13	33.0 bp −$330	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.43 bp	17.5 bp −$18	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
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$881K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$52.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.9M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$684K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$165K	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	$309K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0208%	4h	$5.2M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0317%	4h	$27.2M	$34.8M	13x	as long as short
BingX USELESS-USDT	+0.0410%	4h	—	$4.0M	—	as long as short
Extended USELESS-USD	+0.0416%	1h	$263K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0416%	4h	$17.4M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0418%	4h	$23.6M	$85.3M	50x	as long as short
edgeX USELESSUSDC	+0.0425%	4h	$21K	$184K	10x	as long as short
Variational Omni USELESS	+0.0453%	4h	$1.2M	$1.6M	—	as long as short
Phemex USELESSUSDT	+0.0483%	4h	$507K	$1.3M	20x	as long as short
BloFin USELESS-USDTlong	+0.0570%	4h	$1.2M	$1.6M	12x
Aster USELESSUSDT	+0.0949%	4h	$658K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1022%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESSshort	+0.1163%	1h	$12.3M	$13.6M	3x