USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.2263%/8h

next payment, per $10,000−$2.83paid, last 24h−0.111%paid, last 7 days−0.230%to open and closeno order book

Long on Extended Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.230% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.83 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	0.2755	0.0424	pay 0.0053% / 1h	55m 35s	$259K	$915K	5x
Short	Polymarket Perps USELESS-USD	0.2746	−0.1839	pay 0.0230% / 1h	55m 35s	$53K	$166K	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$475.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$488.14
Break-even: never at this rate

Slippage unknown: Extended: live order book, 59 min ago; Polymarket Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.312%
Avg gap 7d: +0.206%

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, 59 min ago	67.30 bp	85.6 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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
Polymarket Perps USELESS-USDshort	−0.1839%	1h	$53K	$166K	3x
ApeX Omni USELESSUSDT	−0.0044%	1h	$41K	$679K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	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	$50.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$4.9M	$6.5M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$300K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$500K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0222%	4h	$5.3M	$6.1M	20x	as long as short
MEXC USELESS_USDT	+0.0422%	4h	$16.7M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0423%	4h	$23.2M	$82.5M	50x	as long as short
Extended USELESS-USDlong	+0.0424%	1h	$259K	$915K	5x
edgeX USELESSUSDC	+0.0424%	4h	$21K	$182K	10x	as long as short
Bybit USELESSUSDT	+0.0466%	4h	$26.6M	$33.1M	13x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.9M	—	as long as short
Variational Omni USELESS	+0.0600%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0738%	4h	$1.1M	$1.6M	12x	as long as short
Hyperliquid USELESS	+0.0793%	1h	$12.0M	$13.1M	3x	as long as short
Aster USELESSUSDT	+0.0876%	4h	$600K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1087%	4h	$18K	$1.4M	10x	as long as short