USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.0109%/8h

next payment, per $10,000−$0.14paid, last 24h−0.186%paid, last 5 days−0.783%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2802	0.0309	pay 0.0039% / 1h	58m 17s	$12.2M	$12.8M	3x
Short	Aevo USELESS-PERP	0.2803	0.0200	get 0.0025% / 1h	58m 17s	$10K	—	3x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersRate

Funding earned: −$22.82
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$47.82
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Aevo: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.051%
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 Hyperliquid live order book, 6 min ago	1.62 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$833K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$50.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	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-USDT	+0.0100%	4h	$21K	$284K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$499K	$1.4M	20x	as long as short
Aevo USELESS-PERPshort	+0.0200%	1h	$10K	—	3x
Bitget USELESSUSDT	+0.0206%	4h	$5.3M	$5.8M	20x	as long as short
Hyperliquid USELESSlong	+0.0309%	1h	$12.2M	$12.8M	3x
Extended USELESS-USD	+0.0488%	1h	$264K	$915K	5x	as long as short
edgeX USELESSUSDC	+0.0489%	4h	$21K	$184K	10x	as long as short
Binance USELESSUSDT	+0.0491%	4h	$23.8M	$79.6M	50x	as long as short
MEXC USELESS_USDT	+0.0498%	4h	$16.8M	$4.0M	50x	as long as short
Bybit USELESSUSDT	+0.0651%	4h	$27.4M	$31.4M	13x	as long as short
BingX USELESS-USDT	+0.0706%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0777%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0883%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0884%	4h	$588K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1132%	4h	$18K	$1.4M	10x	as long as short