USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0324%/8h

next payment, per $10,000−$1.62paid, last 24h−0.074%paid, last 7 days−0.105%to open and close $10k−$278

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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	edgeX USELESSUSDC	0.2739	0.0424	pay 0.0212% / 4h	1h 04m	$21K	$183K	10x
Short	Gate USELESS_USDT	0.2767	0.0100	get 0.0050% / 4h	1h 04m	$6.4M	$5.6M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee GatebpOrdersRate

Funding earned: −$68.02
Slippage, 4 orders: −$253.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$345.66
Break-even: never at this rate

Slippage from edgeX: live order book, 49 min ago; Gate: live order book, just now.

Price risk

price view

Price gap now: +1.014%
Avg gap 7d: −0.206%

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, 49 min ago	5.61 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.61 bp	29.5 bp −$30	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	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$846K	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	$50.8M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.4M	$5.6M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$174K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$298K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$502K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	$5.3M	$6.1M	20x	as long as short
Hyperliquid USELESS	+0.0372%	1h	$12.0M	$13.1M	3x	as long as short
edgeX USELESSUSDClong	+0.0424%	4h	$21K	$183K	10x
Extended USELESS-USD	+0.0448%	1h	$261K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0448%	4h	$16.7M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0449%	4h	$23.3M	$82.4M	50x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.8M	—	as long as short
Bybit USELESSUSDT	+0.0564%	4h	$26.9M	$33.0M	13x	as long as short
Variational Omni USELESS	+0.0629%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0759%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0902%	4h	$592K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short