USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0326%/8h

next payment, per $10,000−$1.63paid, last 24h−0.098%paid, last 7 days−0.158%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 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	0.2861	0.0426	pay 0.0213% / 4h	39m 25s	$22K	$183K	10x
Short	HTX USELESS-USDT	0.2847	0.0100	get 0.0050% / 4h	39m 25s	$21K	$303K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee HTXbpOrdersRate

Funding earned: −$68.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.38
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 9 min ago; HTX: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.520%
Avg gap 7d: −0.207%

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, 9 min ago	1.07 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	45.22 bp	doesn't fit	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	−0.0389%	1h	$41K	$208K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$777K	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	$53.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$5.7M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$43K	$679K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	$21K	$303K	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$519K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0234%	4h	$5.4M	$6.5M	20x	as long as short
Bybit USELESSUSDT	+0.0377%	4h	$28.1M	$34.2M	13x	as long as short
edgeX USELESSUSDClong	+0.0426%	4h	$22K	$183K	10x
BingX USELESS-USDT	+0.0428%	4h	—	$3.9M	—	as long as short
Extended USELESS-USD	+0.0448%	1h	$268K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0450%	4h	$17.4M	$4.3M	50x	as long as short
Binance USELESSUSDT	+0.0455%	4h	$24.1M	$83.9M	50x	as long as short
Variational Omni USELESS	+0.0540%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0621%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1001%	4h	$621K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1059%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1389%	1h	$12.6M	$13.3M	3x	as long as short