USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0311%/8h

paid, last 24h−0.115%paid, last 5 days−0.313%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2898	0.0411	pay 0.0205% / 4h	56m 56s	$22K	$186K	10x
Short	Pacifica USELESS	0.2897	0.0100	get 0.0013% / 1h	56m 56s	$32K	$76K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee PacificabpOrdersRate

Funding earned: −$65.25
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.25
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 36 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.050%
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, 36 min ago	1.05 bp	87.7 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Lighter USELESS	+0.0096%	1h	$1.3M	$946K	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	$13.4M	$16.0M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	$32K	$76K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$59.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.9M	$6.7M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$8.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$691K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$110K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$348K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$543K	$1.3M	20x	as long as short
Bybit USELESSUSDT	+0.0159%	4h	$28.1M	$37.7M	13x	as long as short
Bitget USELESSUSDT	+0.0162%	4h	$5.5M	$7.3M	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0288%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0400%	4h	—	$4.5M	—	as long as short
edgeX USELESSUSDClong	+0.0411%	4h	$22K	$186K	10x
BloFin USELESS-USDT	+0.0412%	4h	$1.2M	$1.8M	12x	as long as short
Binance USELESSUSDT	+0.0416%	4h	$24.6M	$95.8M	50x	as long as short
Extended USELESS-USD	+0.0416%	1h	$262K	$920K	5x	as long as short
MEXC USELESS_USDT	+0.0418%	4h	$19.5M	$5.0M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.0892%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0913%	4h	$664K	$2.0M	10x	as long as short
Injective USELESS/USDC PERP	+0.4654%	1h	$5K	$14K	5.5x	as long as short