USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.0288%/8h

next payment, per $10,000−$0.36paid, last 24h−0.083%paid, last 5 days−0.213%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended USELESS-USD	0.2841	0.0488	pay 0.0061% / 1h	19m 42s	$265K	$912K	5x
Short	Aevo USELESS-PERP	0.2840	0.0200	get 0.0025% / 1h	19m 42s	$10K	—	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee AevobpOrdersRate

Funding earned: −$60.48
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$81.48
Break-even: never at this rate

Slippage unknown: Extended: live order book, 25 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.039%
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 Extended live order book, 25 min ago	61.16 bp	78.1 bp −$78	374.1 bp −$3,741	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
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	$28K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$55.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$6.1M	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	$37K	$690K	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	$322K	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	+0.0182%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERPshort	+0.0200%	1h	$10K	—	3x
Variational Omni USELESS	+0.0466%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0481%	4h	$22K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0487%	4h	$24.1M	$89.5M	50x	as long as short
Extended USELESS-USDlong	+0.0488%	1h	$265K	$912K	5x
MEXC USELESS_USDT	+0.0488%	4h	$18.1M	$4.7M	50x	as long as short
Bybit USELESSUSDT	+0.0574%	4h	$27.9M	$36.5M	13x	as long as short
BingX USELESS-USDT	+0.0626%	4h	—	$4.3M	—	as long as short
Polymarket Perps USELESS-USD	+0.0762%	1h	$33K	$107K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0964%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1013%	1h	$13.5M	$14.4M	3x	as long as short
BloFin USELESS-USDT	+0.1034%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1080%	4h	$646K	$1.5M	10x	as long as short