USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0108%/8h

paid, last 24h+0.006%paid, last 5 days−0.071%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2846	0.0100	pay 0.0050% / 4h	3h 26m	$6.7M	$6.1M	50x
Short	Aevo USELESS-PERP	0.2860	0.0208	get 0.0026% / 1h	26m 27s	$10K	—	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GatebpFee AevobpOrdersRate

Funding earned: $22.68
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.32
Break-even: 9.6 days

Slippage unknown: Gate: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.475%
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 Gate live order book, 3 min ago	4.18 bp	42.4 bp −$42	doesn't fit	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	$951K	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_USDTlong	+0.0100%	4h	$6.7M	$6.1M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.2M	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	$320K	20x	as long as short
Bitget USELESSUSDT	+0.0204%	4h	$5.4M	$6.7M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERPshort	+0.0208%	1h	$10K	—	3x
Phemex USELESSUSDT	+0.0262%	4h	$512K	$1.3M	20x	as long as short
Variational Omni USELESS	+0.0429%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USD	+0.0496%	1h	$266K	$917K	5x	as long as short
MEXC USELESS_USDT	+0.0496%	4h	$18.1M	$4.7M	50x	as long as short
Binance USELESSUSDT	+0.0497%	4h	$24.2M	$89.1M	50x	as long as short
edgeX USELESSUSDC	+0.0523%	4h	$22K	$185K	10x	as long as short
BingX USELESS-USDT	+0.0662%	4h	—	$4.2M	—	as long as short
Polymarket Perps USELESS-USD	+0.0826%	1h	$34K	$112K	3x	as long as short
Bybit USELESSUSDT	+0.0863%	4h	$28.1M	$36.4M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.0976%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.0982%	1h	$13.6M	$14.4M	3x	as long as short
BloFin USELESS-USDT	+0.1052%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1118%	4h	$678K	$1.4M	10x	as long as short