USELESS

Alert

Funding spread now, next payment 18:00 UTC−0.0312%/8h

next payment, per $10,000−$0.39paid, last 24h−0.117%paid, last 7 days−0.114%to open and close $10k−$235

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Extended USELESS-USD	0.2916	0.0408	pay 0.0051% / 1h	20m 59s	$272K	$915K	5x
Short	Lighter USELESS	0.2919	0.0096	get 0.0012% / 1h	20m 59s	$1.3M	$1.0M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee LighterbpOrdersRate

Funding earned: −$65.52
Slippage, 4 orders: −$229.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$300.19
Break-even: never at this rate

Slippage from Extended: live order book, 19 min ago; Lighter: live order book, 12 min ago.

Price risk

price view

Price gap now: +0.083%
Avg gap 7d: +0.004%

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, 19 min ago	79.76 bp	96.8 bp −$97	384.9 bp −$3,849	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	2.95 bp	17.3 bp −$17	69.9 bp −$699	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	$855	$20K	5.5x	as long as short
Lighter USELESSshort	+0.0096%	1h	$1.3M	$1.0M	3x
Pacifica USELESS	+0.0100%	1h	$29K	$74K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.0M	$58.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.9M	$6.4M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.3M	$7.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.5M	$7.0M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$114K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$336K	20x	as long as short
Bybit USELESSUSDT	+0.0182%	4h	$28.7M	$36.9M	13x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Phemex USELESSUSDT	+0.0225%	4h	$534K	$1.2M	20x	as long as short
Variational Omni USELESS	+0.0315%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0392%	4h	—	$4.4M	—	as long as short
MEXC USELESS_USDT	+0.0398%	4h	$19.1M	$4.9M	50x	as long as short
edgeX USELESSUSDC	+0.0406%	4h	$22K	$185K	10x	as long as short
Binance USELESSUSDT	+0.0408%	4h	$24.8M	$92.1M	50x	as long as short
Extended USELESS-USDlong	+0.0408%	1h	$272K	$915K	5x
BloFin USELESS-USDT	+0.0422%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0924%	1h	$14.3M	$15.2M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0934%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0977%	4h	$709K	$1.7M	10x	as long as short