USELESS

Alert

Funding spread now, next payment 19:00 UTC+0.0180%/8h

paid, last 24h+0.019%paid, last 5 days−0.175%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2821	0.0705	pay 0.0088% / 1h	16m 51s	$13.6M	$15.5M	3x
Short	Orderly PERP_USELESS_USDC	0.2821	0.0886	get 0.0443% / 4h	1h 16m	$22K	$1.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee OrderlybpOrdersRate

Funding earned: $37.82
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $22.82
Break-even: 2.8 days

Slippage unknown: Hyperliquid: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.004%
Avg gap 7d: −0.088%

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, 7 min ago	0.70 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$31K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$8.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$122K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$341K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$529K	$1.3M	20x	as long as short
Bybit USELESSUSDT	+0.0165%	4h	$27.5M	$37.1M	13x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0178%	4h	$5.4M	$7.1M	20x	as long as short
Variational Omni USELESS	+0.0329%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USD	+0.0368%	1h	$258K	$920K	5x	as long as short
MEXC USELESS_USDT	+0.0368%	4h	$18.9M	$5.0M	50x	as long as short
Binance USELESSUSDT	+0.0368%	4h	$24.0M	$93.3M	50x	as long as short
edgeX USELESSUSDC	+0.0369%	4h	$22K	$187K	10x	as long as short
BingX USELESS-USDT	+0.0378%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0419%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESSlong	+0.0705%	1h	$13.6M	$15.5M	3x
Aster USELESSUSDT	+0.0826%	4h	$632K	$1.9M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.0886%	4h	$22K	$1.4M	10x