USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0850%/8h

next payment, per $10,000−$4.25paid, last 24h−0.156%paid, last 7 days−0.483%to open and close $10k−$127

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.483% in total (about -25.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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	BloFin USELESS-USDT	0.2938	0.0950	pay 0.0475% / 4h	3h 41m	$1.2M	$1.7M	12x
Short	KuCoin USELESSUSDTM	0.2957	0.0100	get 0.0050% / 4h	3h 41m	$5.5M	$7.0M	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee KuCoinbpOrdersRate

Funding earned: −$178.44
Slippage, 4 orders: −$102.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$304.96
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.643%
Avg gap 7d: −0.103%

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, 3 min ago	6.50 bp	13.8 bp −$14	41.1 bp −$411	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.62 bp	48.7 bp −$49	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
Pacifica USELESS	+0.0100%	1h	$29K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.1M	$56.8M	10x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.5M	$7.0M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$688K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$22K	$316K	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$11K	—	3x	as long as short
Lighter USELESS	+0.0208%	1h	$1.4M	$926K	3x	as long as short
Bitget USELESSUSDT	+0.0224%	4h	$5.5M	$6.7M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$22K	$183K	10x	as long as short
Extended USELESS-USD	+0.0504%	1h	$279K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0504%	4h	$18.8M	$4.5M	50x	as long as short
Binance USELESSUSDT	+0.0526%	4h	$25.4M	$87.2M	50x	as long as short
Gate USELESS_USDT	+0.0602%	4h	$6.9M	$6.0M	50x	as long as short
BingX USELESS-USDT	+0.0831%	4h	—	$4.0M	—	as long as short
BloFin USELESS-USDTlong	+0.0950%	4h	$1.2M	$1.7M	12x
Orderly PERP_USELESS_USDC	+0.1014%	4h	$21K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1121%	1h	$13.6M	$14.0M	3x	as long as short
Aster USELESSUSDT	+0.1192%	4h	$704K	$1.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.1204%	1h	$36K	$112K	3x	as long as short
Bybit USELESSUSDT	+0.1330%	4h	$29.5M	$35.8M	13x	as long as short
Phemex USELESSUSDT	+0.1560%	4h	$534K	$1.3M	20x	as long as short