USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0331%/8h

next payment, per $10,000−$1.65paid, last 24h−0.085%paid, last 7 days−0.145%to open and close $10k−$224

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.65 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	0.2875	0.0431	pay 0.0215% / 4h	3h 00m	$22K	$185K	10x
Short	OKX USELESS-USDT-SWAP	0.2880	0.0100	get 0.0050% / 4h	3h 00m	$9.8M	$56.9M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee OKXbpOrdersRate

Funding earned: −$69.41
Slippage, 4 orders: −$204.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$293.01
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; OKX: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.179%
Avg gap 7d: −0.145%

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, 42 min ago	0.85 bp	148.6 bp −$149	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.17 bp	18.0 bp −$18	84.2 bp −$842	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 USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0100%	4h	$9.8M	$56.9M	10x
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.4M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$326K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$520K	$1.3M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0121%	1h	$35K	$694K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0128%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0279%	4h	$28.2M	$36.4M	13x	as long as short
Variational Omni USELESS	+0.0382%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0424%	4h	—	$4.3M	—	as long as short
edgeX USELESSUSDClong	+0.0431%	4h	$22K	$185K	10x
MEXC USELESS_USDT	+0.0438%	4h	$18.5M	$4.8M	50x	as long as short
Binance USELESSUSDT	+0.0447%	4h	$24.4M	$90.1M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$269K	$912K	5x	as long as short
BloFin USELESS-USDT	+0.0565%	4h	$1.2M	$1.7M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0754%	1h	$30K	$110K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0967%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1025%	1h	$13.7M	$14.5M	3x	as long as short
Aster USELESSUSDT	+0.1054%	4h	$662K	$1.6M	10x	as long as short