USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0462%/8h

next payment, per $10,000+$2.31paid, last 24h+0.101%paid, last 7 days+0.167%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 0.167% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.31 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	HTX USELESS-USDT	0.2821	0.0100	pay 0.0050% / 4h	2h 36m	$21K	$275K	20x
Short	MEXC USELESS_USDT	0.2800	0.0562	get 0.0281% / 4h	2h 36m	$16.6M	$4.1M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee MEXCbpOrdersRate

Funding earned: $97.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: $77.02
Break-even: 1.4 days

Slippage unknown: HTX: live order book, 22 min ago; MEXC: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.745%
Avg gap 7d: +0.128%

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, 22 min ago	54.16 bp	733.2 bp −$733	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	0.18 bp	10.2 bp −$10	46.6 bp −$466	168.2 bp −$16.8K	591.1 bp −$295.5K

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	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	$21K	$275K	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0232%	4h	$5.3M	$5.7M	20x	as long as short
Hyperliquid USELESS	+0.0233%	1h	$12.4M	$12.5M	3x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USD	+0.0560%	1h	$263K	$911K	5x	as long as short
MEXC USELESS_USDTshort	+0.0562%	4h	$16.6M	$4.1M	50x
Binance USELESSUSDT	+0.0564%	4h	$23.9M	$78.5M	50x	as long as short
BingX USELESS-USDT	+0.0774%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Aster USELESSUSDT	+0.0923%	4h	$580K	$1.1M	10x	as long as short
Bybit USELESSUSDT	+0.0996%	4h	$27.5M	$30.9M	13x	as long as short
BloFin USELESS-USDT	+0.1070%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1120%	4h	$18K	$1.4M	10x	as long as short