USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0291%/8h

next payment, per $10,000−$1.45paid, last 24h−0.057%paid, last 7 days+0.065%to open and close $10k−$136

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.45 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	0.2845	0.0391	pay 0.0195% / 4h	39m 56s	$28.2M	$34.2M	13x
Short	KuCoin USELESSUSDTM	0.2848	0.0100	get 0.0050% / 4h	39m 56s	$5.2M	$6.6M	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersRate

Funding earned: −$61.07
Slippage, 4 orders: −$113.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.39
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.134%
Avg gap 7d: −0.009%

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, 5 min ago	3.70 bp	29.7 bp −$30	56.0 bp −$560	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.10 bp	36.0 bp −$36	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
Polymarket Perps USELESS-USD	−0.0406%	1h	$41K	$207K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$777K	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	$53.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$5.7M	50x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.2M	$6.6M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$43K	$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	$303K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$519K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	$5.4M	$6.5M	20x	as long as short
Bybit USELESSUSDTlong	+0.0391%	4h	$28.2M	$34.2M	13x
BingX USELESS-USDT	+0.0428%	4h	—	$3.9M	—	as long as short
edgeX USELESSUSDC	+0.0438%	4h	$22K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0444%	4h	$17.4M	$4.3M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$269K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0451%	4h	$24.1M	$83.8M	50x	as long as short
Variational Omni USELESS	+0.0540%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0621%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.0966%	4h	$621K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1066%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1377%	1h	$12.6M	$13.3M	3x	as long as short