USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0032%/8h

next payment, per $10,000+$0.16paid, last 24h−0.018%paid, last 7 days−0.037%to open and close $10k−$214

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2803	0.0402	pay 0.0201% / 4h	47m 27s	$27.2M	$33.3M	13x
Short	edgeX USELESSUSDC	0.2811	0.0434	get 0.0217% / 4h	47m 27s	$21K	$183K	10x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersRate

Slippage from Bybit: live order book, 3 min ago; edgeX: 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 Bybit live order book, 3 min ago	1.61 bp	22.7 bp −$23	58.3 bp −$583	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	1.07 bp	151.9 bp −$152	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	$18K	5.5x	as long as short
Polymarket Perps USELESS-USD	−0.1547%	1h	$54K	$167K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$51.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.5M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$679K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$302K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$510K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0232%	4h	$5.4M	$6.2M	20x	as long as short
Bybit USELESSUSDTlong	+0.0402%	4h	$27.2M	$33.3M	13x
BingX USELESS-USDT	+0.0427%	4h	—	$3.9M	—	as long as short
edgeX USELESSUSDCshort	+0.0434%	4h	$21K	$183K	10x
MEXC USELESS_USDT	+0.0446%	4h	$17.0M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0448%	4h	$23.6M	$82.9M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$265K	$915K	5x	as long as short
Variational Omni USELESS	+0.0587%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0686%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0942%	4h	$611K	$1.2M	10x	as long as short
Hyperliquid USELESS	+0.1050%	1h	$12.3M	$13.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1077%	4h	$18K	$1.4M	10x	as long as short