USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0290%/8h

next payment, per $10,000+$1.45paid, last 24h+0.034%paid, last 3 days−0.041%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.041% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 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	0.2759	0.0461	pay 0.0230% / 4h	1h 50m	$21K	$184K	10x
Short	Variational Omni USELESS	0.2784	0.0751	get 0.0376% / 4h	1h 50m	$1.2M	$1.4M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Variational OmnibpOrdersRate

Funding earned: $60.98
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $51.98
Break-even: 1.0 days

Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.908%
Avg gap 7d: +0.061%

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, 2 min ago	5.61 bp	174.3 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	7.17 bp	doesn't fit	39.4 bp −$394	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	$25K	5.5x	as long as short
ApeX Omni USELESSUSDT	+0.0012%	1h	$41K	$679K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$286K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0186%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0327%	1h	$12.1M	$12.8M	3x	as long as short
Extended USELESS-USD	+0.0456%	1h	$261K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0458%	4h	$23.5M	$79.9M	50x	as long as short
MEXC USELESS_USDT	+0.0460%	4h	$16.6M	$4.1M	50x	as long as short
edgeX USELESSUSDClong	+0.0461%	4h	$21K	$184K	10x
Bybit USELESSUSDT	+0.0531%	4h	$27.1M	$31.6M	13x	as long as short
BingX USELESS-USDT	+0.0572%	4h	—	$3.8M	—	as long as short
Variational Omni USELESSshort	+0.0751%	4h	$1.2M	$1.4M	—
BloFin USELESS-USDT	+0.0792%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0850%	4h	$583K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1122%	4h	$18K	$1.4M	10x	as long as short