USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.0380%/8h

paid, last 24h−0.105%paid, last 7 days−0.186%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% 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	0.2745	0.0480	pay 0.0060% / 1h	41m 12s	$258K	$915K	5x
Short	HTX USELESS-USDT	0.2744	0.0100	get 0.0050% / 4h	1h 41m	$20K	$288K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HTXbpOrdersRate

Funding earned: −$79.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$96.8
Break-even: never at this rate

Slippage unknown: Extended: live order book, 13 min ago; HTX: live order book, 12 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.031%
Avg gap 7d: −0.079%

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, 13 min ago	67.30 bp	85.6 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 12 min ago	44.66 bp	doesn't fit	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	$25K	5.5x	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	$9.3M	$49.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.3M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$4.9M	$6.1M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$678K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$53K	$200K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	$20K	$288K	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$498K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0194%	4h	$5.2M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0276%	1h	$11.9M	$12.9M	3x	as long as short
Bybit USELESSUSDT	+0.0450%	4h	$26.7M	$31.8M	13x	as long as short
BingX USELESS-USDT	+0.0450%	4h	—	$3.8M	—	as long as short
edgeX USELESSUSDC	+0.0459%	4h	$21K	$185K	10x	as long as short
Binance USELESSUSDT	+0.0477%	4h	$23.2M	$80.2M	50x	as long as short
MEXC USELESS_USDT	+0.0478%	4h	$16.5M	$4.1M	50x	as long as short
Extended USELESS-USDlong	+0.0480%	1h	$258K	$915K	5x
Variational Omni USELESS	+0.0666%	4h	$1.1M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0711%	4h	$1.1M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0869%	4h	$577K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1109%	4h	$18K	$1.4M	10x	as long as short