USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0227%/8h

next payment, per $10,000−$1.13paid, last 24h−0.092%paid, last 7 days−0.142%to open and close $10k−$102

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.13 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	Bybit USELESSUSDT	0.2792	0.0327	pay 0.0163% / 4h	12m 24s	$27.2M	$34.9M	13x
Short	Gate USELESS_USDT	0.2789	0.0100	get 0.0050% / 4h	12m 24s	$6.5M	$5.9M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersRate

Funding earned: −$47.64
Slippage, 4 orders: −$75.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$149.6
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.129%
Avg gap 7d: −0.068%

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 Bybit live order book, 3 min ago	0.54 bp	18.6 bp −$19	42.3 bp −$423	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.89 bp	38.1 bp −$38	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_USDTshort	+0.0100%	4h	$6.5M	$5.9M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$683K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$162K	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	+0.0210%	4h	$5.2M	$6.6M	20x	as long as short
Bybit USELESSUSDTlong	+0.0327%	4h	$27.2M	$34.9M	13x
BingX USELESS-USDT	+0.0404%	4h	—	$4.0M	—	as long as short
edgeX USELESSUSDC	+0.0410%	4h	$21K	$185K	10x	as long as short
Extended USELESS-USD	+0.0424%	1h	$263K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0424%	4h	$17.4M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0432%	4h	$23.5M	$85.4M	50x	as long as short
Variational Omni USELESS	+0.0453%	4h	$1.2M	$1.6M	—	as long as short
Phemex USELESSUSDT	+0.0496%	4h	$507K	$1.3M	20x	as long as short
BloFin USELESS-USDT	+0.0557%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0985%	4h	$659K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1022%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1130%	1h	$12.4M	$13.6M	3x	as long as short