USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0393%/8h

next payment, per $10,000−$1.97paid, last 24h−0.015%paid, last 7 days−0.028%to open and close $10k−$56

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 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	0.2789	0.0951	pay 0.0476% / 4h	2h 33m	$27.3M	$30.9M	13x
Short	MEXC USELESS_USDT	0.2788	0.0558	get 0.0279% / 4h	2h 33m	$16.6M	$4.1M	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 MEXCbpOrdersRate

Funding earned: −$82.62
Slippage, 4 orders: −$36.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$138.19
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.032%
Avg gap 7d: +0.039%

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, 2 min ago	1.79 bp	18.2 bp −$18	43.0 bp −$430	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.18 bp	12.5 bp −$12	49.6 bp −$496	143.8 bp −$14.4K	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 USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$43K	$673K	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	$494K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0228%	4h	$5.3M	$5.7M	20x	as long as short
Hyperliquid USELESS	+0.0229%	1h	$12.3M	$12.6M	3x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	$21K	$183K	10x	as long as short
MEXC USELESS_USDTshort	+0.0558%	4h	$16.6M	$4.1M	50x
Binance USELESSUSDT	+0.0559%	4h	$23.8M	$78.5M	50x	as long as short
Extended USELESS-USD	+0.0560%	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	+0.0911%	4h	$577K	$1.1M	10x	as long as short
Bybit USELESSUSDTlong	+0.0951%	4h	$27.3M	$30.9M	13x
Orderly PERP_USELESS_USDC	+0.1114%	4h	$18K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1227%	4h	$1.2M	$1.5M	12x	as long as short