USELESS

Alert

Funding spread now, next payment 14:00 UTC+0.0270%/8h

paid, last 24h+0.015%paid, last 7 days+0.014%to open and close $10k−$191

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. 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	Extended USELESS-USD	0.2793	0.0544	pay 0.0068% / 1h	38m 58s	$261K	$911K	5x
Short	Bybit USELESSUSDT	0.2790	0.0814	get 0.0407% / 4h	2h 38m	$27.3M	$30.9M	13x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BybitbpOrdersRate

Funding earned: $56.65
Slippage, 4 orders: −$174.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$133.89
Break-even: 23.5 days

Slippage from Extended: live order book, 21 min ago; Bybit: live order book, 1 min ago.

Price risk

price view

Price gap now: −0.127%
Avg gap 7d: +0.007%

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, 21 min ago	59.35 bp	77.4 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.26 bp	15.6 bp −$16	39.0 bp −$390	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
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.4M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	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	$21K	$275K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$491K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0176%	1h	$12.4M	$12.5M	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0218%	4h	$5.3M	$5.7M	20x	as long as short
edgeX USELESSUSDC	+0.0536%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USDlong	+0.0544%	1h	$261K	$911K	5x
Binance USELESSUSDT	+0.0548%	4h	$23.9M	$78.5M	50x	as long as short
MEXC USELESS_USDT	+0.0548%	4h	$16.6M	$4.1M	50x	as long as short
BingX USELESS-USDT	+0.0678%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Bybit USELESSUSDTshort	+0.0814%	4h	$27.3M	$30.9M	13x
Aster USELESSUSDT	+0.0872%	4h	$577K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0994%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1106%	4h	$18K	$1.4M	10x	as long as short