USELESS

Alert

Funding spread now, next payment 14:00 UTC−0.0877%/8h

paid, last 24h−0.117%paid, last 7 days−0.110%to open and close $10k−$71

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.8% a year). A funding rate is set anew for every payment. 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	0.2800	0.0973	pay 0.0487% / 4h	2h 35m	$27.4M	$30.9M	13x
Short	Lighter USELESS	0.2799	0.0096	get 0.0012% / 1h	35m 21s	$1.3M	$822K	3x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersRate

Funding earned: −$184.22
Slippage, 4 orders: −$60.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$255.45
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.050%
Avg gap 7d: +0.010%

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	1.26 bp	19.8 bp −$20	44.1 bp −$441	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.02 bp	22.6 bp −$23	105.0 bp −$1,050	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	$25K	5.5x	as long as short
Lighter USELESSshort	+0.0096%	1h	$1.3M	$822K	3x
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$49.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$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	$21K	$276K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0232%	4h	$5.3M	$5.7M	20x	as long as short
Hyperliquid USELESS	+0.0238%	1h	$12.4M	$12.5M	3x	as long as short
edgeX USELESSUSDC	+0.0526%	4h	$22K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0562%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0568%	4h	$23.9M	$78.5M	50x	as long as short
Extended USELESS-USD	+0.0568%	1h	$263K	$911K	5x	as long as short
BingX USELESS-USDT	+0.0774%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0839%	4h	$1.2M	$1.3M	—	as long as short
Aster USELESSUSDT	+0.0918%	4h	$580K	$1.1M	10x	as long as short
Bybit USELESSUSDTlong	+0.0973%	4h	$27.4M	$30.9M	13x
Orderly PERP_USELESS_USDC	+0.1120%	4h	$18K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1149%	4h	$1.2M	$1.5M	12x	as long as short