USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0308%/8h

paid, last 24h+0.114%paid, last 7 days+0.202%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% a year). A funding rate is set anew for every payment. 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	HTX USELESS-USDT	0.2872	0.0100	pay 0.0050% / 4h	54m 45s	$20K	$349K	20x
Short	Extended USELESS-USD	0.2889	0.0408	get 0.0051% / 1h	54m 45s	$264K	$920K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee ExtendedbpOrdersRate

Funding earned: $64.68
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $47.68
Break-even: 1.8 days

Slippage unknown: HTX: live order book, 39 min ago; Extended: live order book, 40 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.591%
Avg gap 7d: +0.096%

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 HTX live order book, 39 min ago	57.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	70.55 bp	88.6 bp −$89	doesn't fit	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
Lighter USELESS	+0.0096%	1h	$1.3M	$946K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.9M	$59.4M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.9M	$6.7M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$8.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$691K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$110K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	$20K	$349K	20x
Phemex USELESSUSDT	+0.0100%	4h	$544K	$1.4M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0160%	4h	$5.5M	$7.3M	20x	as long as short
Bybit USELESSUSDT	+0.0160%	4h	$28.3M	$37.7M	13x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0186%	1h	$13.5M	$16.0M	3x	as long as short
Variational Omni USELESS	+0.0255%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0390%	4h	$1.2M	$1.8M	12x	as long as short
BingX USELESS-USDT	+0.0400%	4h	—	$4.5M	—	as long as short
Binance USELESSUSDT	+0.0404%	4h	$24.8M	$95.9M	50x	as long as short
Extended USELESS-USDshort	+0.0408%	1h	$264K	$920K	5x
edgeX USELESSUSDC	+0.0411%	4h	$22K	$186K	10x	as long as short
MEXC USELESS_USDT	+0.0414%	4h	$19.8M	$5.0M	50x	as long as short
Aster USELESSUSDT	+0.0887%	4h	$665K	$2.0M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0887%	4h	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.4654%	1h	$5K	$14K	5.5x	as long as short