USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.0391%/8h

paid, last 24h−0.116%paid, last 7 days−0.090%to open and close $10k−$232

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment. 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	0.2837	0.0487	pay 0.0243% / 4h	3h 14m	$22K	$185K	10x
Short	Lighter USELESS	0.2839	0.0096	get 0.0012% / 1h	14m 11s	$1.3M	$1.0M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee LighterbpOrdersRate

Funding earned: −$82.06
Slippage, 4 orders: −$222.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$313.97
Break-even: never at this rate

Slippage from edgeX: live order book, 29 min ago; Lighter: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.079%
Avg gap 7d: −0.123%

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, 29 min ago	0.85 bp	148.6 bp −$149	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.76 bp	19.7 bp −$20	75.2 bp −$752	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
Lighter USELESSshort	+0.0096%	1h	$1.3M	$1.0M	3x
Pacifica USELESS	+0.0100%	1h	$28K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$56.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$34K	$691K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$323K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$509K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0154%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0416%	4h	$27.9M	$36.6M	13x	as long as short
Extended USELESS-USD	+0.0456%	1h	$265K	$912K	5x	as long as short
Binance USELESSUSDT	+0.0460%	4h	$24.0M	$89.8M	50x	as long as short
MEXC USELESS_USDT	+0.0462%	4h	$18.1M	$4.7M	50x	as long as short
Variational Omni USELESS	+0.0472%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDClong	+0.0487%	4h	$22K	$185K	10x
BingX USELESS-USDT	+0.0504%	4h	—	$4.3M	—	as long as short
Polymarket Perps USELESS-USD	+0.0769%	1h	$32K	$106K	3x	as long as short
BloFin USELESS-USDT	+0.0798%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0960%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1010%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1057%	4h	$644K	$1.5M	10x	as long as short