USELESS

Alert

Funding spread now, next payment 18:00 UTC−0.0682%/8h

paid, last 24h−0.110%paid, last 7 days−0.581%to open and close $10k−$76

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2885	0.0875	pay 0.0109% / 1h	41m 34s	$13.9M	$14.9M	3x
Short	Bybit USELESSUSDT	0.2885	0.0193	get 0.0096% / 4h	2h 41m	$28.4M	$36.5M	13x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersRate

Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 4 min ago.

A gap far from its average can cost days of funding.

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

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, 3 min ago	1.03 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.17 bp	23.1 bp −$23	49.4 bp −$494	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$16K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.4M	$6.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$111K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$330K	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDTshort	+0.0193%	4h	$28.4M	$36.5M	13x
Variational Omni USELESS	+0.0377%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0415%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDT	+0.0430%	4h	—	$4.4M	—	as long as short
Binance USELESSUSDT	+0.0432%	4h	$24.5M	$90.9M	50x	as long as short
MEXC USELESS_USDT	+0.0438%	4h	$18.6M	$4.8M	50x	as long as short
Extended USELESS-USD	+0.0440%	1h	$269K	$912K	5x	as long as short
edgeX USELESSUSDC	+0.0448%	4h	$22K	$186K	10x	as long as short
Hyperliquid USELESSlong	+0.0875%	1h	$13.9M	$14.9M	3x
Phemex USELESSUSDT	+0.0953%	4h	$535K	$1.3M	20x	as long as short
Orderly PERP_USELESS_USDC	+0.0970%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1001%	4h	$674K	$1.6M	10x	as long as short