USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0272%/8h

next payment, per $10,000+$1.36paid, last 24h+0.094%paid, last 7 days+0.131%to open and close $10k−$78

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 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	0.2865	0.0100	pay 0.0050% / 4h	1h 30m	$6.9M	$6.5M	50x
Short	MEXC USELESS_USDT	0.2878	0.0372	get 0.0186% / 4h	1h 30m	$19.1M	$5.0M	50x

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 GatebpFee MEXCbpOrdersRate

Funding earned: $57.12
Slippage, 4 orders: −$54.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$20.5
Break-even: 9.5 days

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

Price risk

price view

Price gap now: +0.457%
Avg gap 7d: +0.107%

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, 5 min ago	2.12 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.35 bp	8.2 bp −$8	49.5 bp −$495	168.3 bp −$16.8K	562.9 bp −$281.5K

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	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$58.3M	10x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	$6.9M	$6.5M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$8.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$120K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$339K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$531K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0176%	4h	$5.5M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0341%	4h	$28.1M	$37.3M	13x	as long as short
Variational Omni USELESS	+0.0349%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0370%	4h	$22K	$187K	10x	as long as short
MEXC USELESS_USDTshort	+0.0372%	4h	$19.1M	$5.0M	50x
Extended USELESS-USD	+0.0376%	1h	$262K	$920K	5x	as long as short
BingX USELESS-USDT	+0.0378%	4h	—	$4.4M	—	as long as short
Binance USELESSUSDT	+0.0378%	4h	$24.4M	$93.5M	50x	as long as short
BloFin USELESS-USDT	+0.0545%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0745%	1h	$13.9M	$15.6M	3x	as long as short
Aster USELESSUSDT	+0.0843%	4h	$596K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0905%	4h	$22K	$1.4M	10x	as long as short