USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0401%/8h

next payment, per $10,000+$2.00paid, last 24h+0.051%paid, last 5 days−0.149%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.149% in total (about -11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.00 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	0.2759	0.0714	pay 0.0357% / 4h	1h 44m	$1.2M	$1.5M	12x
Short	Orderly PERP_USELESS_USDC	0.2756	0.1115	get 0.0557% / 4h	1h 44m	$18K	$1.4M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OrderlybpOrdersRate

Funding earned: $84.19
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $66.19
Break-even: 1.5 days

Slippage unknown: BloFin: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.101%
Avg gap 7d: −0.063%

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, 4 min ago	7.61 bp	23.1 bp −$23	47.9 bp −$479	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$49.4M	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	$4.9M	$6.1M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$678K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$53K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$287K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0192%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0291%	1h	$12.0M	$12.9M	3x	as long as short
Bybit USELESSUSDT	+0.0452%	4h	$26.8M	$31.7M	13x	as long as short
MEXC USELESS_USDT	+0.0468%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0469%	4h	$23.4M	$80.2M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	$260K	$915K	5x	as long as short
edgeX USELESSUSDC	+0.0477%	4h	$21K	$184K	10x	as long as short
BingX USELESS-USDT	+0.0508%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0666%	4h	$1.1M	$1.5M	—	as long as short
BloFin USELESS-USDTlong	+0.0714%	4h	$1.2M	$1.5M	12x
Aster USELESSUSDT	+0.0858%	4h	$579K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1115%	4h	$18K	$1.4M	10x