USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0163%/8h

next payment, per $10,000−$0.81paid, last 24h−0.125%paid, last 7 days−0.206%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2874	0.0263	pay 0.0131% / 4h	2h 06m	$28.1M	$37.2M	13x
Short	HTX USELESS-USDT	0.2877	0.0100	get 0.0050% / 4h	2h 06m	$21K	$337K	20x

Funding history

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Position, each leg$Hold fordaysFee BybitbpFee HTXbpOrdersRate

Slippage unknown: Bybit: live order book, 4 min ago; HTX: live order book, 32 min ago. Net counts fees only.

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, 4 min ago	2.80 bp	20.8 bp −$21	52.9 bp −$529	doesn't fit	doesn't fit
Sell HTX live order book, 32 min ago	80.16 bp	doesn't fit	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	$855	$20K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$80K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$58.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$116K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	$21K	$337K	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$522K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0108%	4h	$5.4M	$7.0M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDTlong	+0.0263%	4h	$28.1M	$37.2M	13x
Variational Omni USELESS	+0.0335%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USD	+0.0384%	1h	$269K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0386%	4h	$18.9M	$5.0M	50x	as long as short
BingX USELESS-USDT	+0.0390%	4h	—	$4.4M	—	as long as short
Binance USELESSUSDT	+0.0392%	4h	$24.5M	$93.0M	50x	as long as short
edgeX USELESSUSDC	+0.0393%	4h	$22K	$186K	10x	as long as short
BloFin USELESS-USDT	+0.0483%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0865%	1h	$14.1M	$15.4M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0930%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0936%	4h	$664K	$1.7M	10x	as long as short