USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0316%/8h

next payment, per $10,000+$1.58paid, last 24h+0.115%paid, last 7 days+0.193%to open and close $10k−$80

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.58 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	Gate USELESS_USDT	0.2887	0.0100	pay 0.0050% / 4h	2h 37m	$6.8M	$6.3M	50x
Short	BingX USELESS-USDT	0.2889	0.0416	get 0.0208% / 4h	2h 37m	—	$4.4M	—

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersRate

Funding earned: $66.36
Slippage, 4 orders: −$54.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.19
Break-even: 8.4 days

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.080%
Avg gap 7d: +0.087%

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	2.76 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.77 bp	20.4 bp −$20	42.1 bp −$421	301.9 bp −$30.2K	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 USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$83K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.9M	10x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	$6.8M	$6.3M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.4M	$7.0M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$113K	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	$332K	20x	as long as short
Bybit USELESSUSDT	+0.0126%	4h	$28.4M	$36.8M	13x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0353%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0394%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDTshort	+0.0416%	4h	—	$4.4M	—
edgeX USELESSUSDC	+0.0423%	4h	$22K	$185K	10x	as long as short
MEXC USELESS_USDT	+0.0428%	4h	$18.8M	$4.8M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	$269K	$912K	5x	as long as short
Binance USELESSUSDT	+0.0436%	4h	$24.5M	$91.8M	50x	as long as short
Phemex USELESSUSDT	+0.0746%	4h	$533K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0847%	1h	$14.0M	$15.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0953%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1038%	4h	$674K	$1.6M	10x	as long as short