USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0303%/8h

next payment, per $10,000−$1.52paid, last 24h−0.116%paid, last 7 days−0.195%to open and close $10k−$237

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 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	0.2839	0.0403	pay 0.0202% / 4h	45m 03s	$27.6M	$33.5M	13x
Short	SunX USELESS-USDT	0.2830	0.0100	get 0.0050% / 4h	45m 03s	—	$1.3M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersRate

Funding earned: −$63.72
Slippage, 4 orders: −$215.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 5 bp × 2 orders: −$10
Net: −$300.33
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.317%
Avg gap 7d: +0.047%

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	1.61 bp	22.7 bp −$23	58.3 bp −$583	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	79.84 bp	99.9 bp −$100	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	−0.1172%	1h	$55K	$167K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	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	$52.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$6.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$679K	25x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	—	$1.3M	10x
HTX USELESS-USDT	+0.0100%	4h	$21K	$302K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$516K	$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	$6.2M	20x	as long as short
Bybit USELESSUSDTlong	+0.0403%	4h	$27.6M	$33.5M	13x
BingX USELESS-USDT	+0.0426%	4h	—	$3.9M	—	as long as short
edgeX USELESSUSDC	+0.0434%	4h	$21K	$183K	10x	as long as short
MEXC USELESS_USDT	+0.0438%	4h	$17.2M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0438%	4h	$24.0M	$83.1M	50x	as long as short
Extended USELESS-USD	+0.0440%	1h	$266K	$915K	5x	as long as short
Variational Omni USELESS	+0.0538%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0658%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0936%	4h	$617K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1067%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1129%	1h	$12.6M	$13.1M	3x	as long as short