USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0240%/8h

paid, last 24h−0.070%paid, last 5 days−0.182%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2767	0.0424	pay 0.0212% / 4h	55m 10s	$21K	$182K	10x
Short	Aevo USELESS-PERP	0.2747	0.0184	get 0.0023% / 1h	55m 10s	$10K	—	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee AevobpOrdersRate

Funding earned: −$50.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$75.41
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 58 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.697%
Avg gap 7d: —

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 edgeX live order book, 58 min ago	5.61 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1839%	1h	$53K	$166K	3x	as long as short
ApeX Omni USELESSUSDT	−0.0044%	1h	$41K	$679K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$50.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$4.9M	$6.5M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$300K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$499K	$1.4M	20x	as long as short
Aevo USELESS-PERPshort	+0.0184%	1h	$10K	—	3x
Bitget USELESSUSDT	+0.0222%	4h	$5.3M	$6.1M	20x	as long as short
MEXC USELESS_USDT	+0.0422%	4h	$16.7M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0423%	4h	$23.2M	$82.5M	50x	as long as short
Extended USELESS-USD	+0.0424%	1h	$259K	$915K	5x	as long as short
edgeX USELESSUSDClong	+0.0424%	4h	$21K	$182K	10x
Bybit USELESSUSDT	+0.0466%	4h	$26.6M	$33.1M	13x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.9M	—	as long as short
Variational Omni USELESS	+0.0600%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0722%	4h	$1.1M	$1.6M	12x	as long as short
Hyperliquid USELESS	+0.0812%	1h	$12.0M	$13.1M	3x	as long as short
Aster USELESSUSDT	+0.0876%	4h	$599K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1087%	4h	$18K	$1.4M	10x	as long as short