USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.2764%/8h

next payment, per $10,000+$13.82paid, last 24h+0.002%paid, last 7 days−0.028%to open and close $10k−$301

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.82 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	0.2815	0.0424	pay 0.0212% / 4h	3h 57m	$21K	$185K	10x
Short	Phemex USELESSUSDT	0.2819	0.3189	get 0.1594% / 4h	3h 57m	$512K	$1.3M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee PhemexbpOrdersRate

Funding earned: $580.5
Slippage, 4 orders: −$279.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: $279.72
Break-even: 3.6 days

Slippage from edgeX: live order book, 50 min ago; Phemex: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.138%
Avg gap 7d: −0.055%

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, 50 min ago	1.07 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	15.45 bp	63.4 bp −$63	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
Lighter USELESS	+0.0096%	1h	$1.3M	$902K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$52.8M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$685K	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	$312K	20x	as long as short
Bitget USELESSUSDT	+0.0184%	4h	$5.2M	$6.6M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni USELESS	+0.0415%	4h	$1.2M	$1.6M	—	as long as short
BingX USELESS-USDT	+0.0422%	4h	—	$4.0M	—	as long as short
Extended USELESS-USD	+0.0424%	1h	$265K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0424%	4h	$17.7M	$4.4M	50x	as long as short
edgeX USELESSUSDClong	+0.0424%	4h	$21K	$185K	10x
Binance USELESSUSDT	+0.0425%	4h	$23.7M	$85.3M	50x	as long as short
BloFin USELESS-USDT	+0.0574%	4h	$1.2M	$1.7M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0643%	1h	$38K	$108K	3x	as long as short
Gate USELESS_USDT	+0.0658%	4h	$6.5M	$5.8M	50x	as long as short
Bybit USELESSUSDT	+0.0692%	4h	$27.5M	$34.9M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.0986%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0997%	4h	$669K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1099%	1h	$12.4M	$13.7M	3x	as long as short
Phemex USELESSUSDTshort	+0.3189%	4h	$512K	$1.3M	20x