USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.5100%/8h

paid, last 24h−1.431%paid, last 4 days−1.111%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -1.111% in total (about -112.1% 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	0.2808	0.0100	pay 0.0050% / 4h	10m 04s	$21K	$310K	20x
Short	Injective USELESS/USDC PERP	0.2630	−0.5000	pay 0.0625% / 1h	10m 04s	$3K	$18K	5.5x

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 HTXbpFee InjectivebpOrdersRate

Funding earned: −$1,071
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,083.02
Break-even: never at this rate

Slippage unknown: HTX: live order book, 38 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −6.366%
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 HTX live order book, 38 min ago	45.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 PERPshort	−0.5000%	1h	$3K	$18K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$882K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$53.3M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.9M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$683K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$153K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	$21K	$310K	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0212%	4h	$5.3M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0338%	4h	$27.5M	$34.9M	13x	as long as short
edgeX USELESSUSDC	+0.0404%	4h	$21K	$183K	10x	as long as short
BingX USELESS-USDT	+0.0410%	4h	—	$4.0M	—	as long as short
MEXC USELESS_USDT	+0.0432%	4h	$17.6M	$4.4M	50x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.6M	—	as long as short
Extended USELESS-USD	+0.0440%	1h	$265K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0442%	4h	$23.8M	$85.5M	50x	as long as short
Phemex USELESSUSDT	+0.0559%	4h	$512K	$1.3M	20x	as long as short
BloFin USELESS-USDT	+0.0567%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1007%	4h	$663K	$1.4M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1030%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1138%	1h	$12.5M	$13.6M	3x	as long as short