USELESS

Alert

Funding spread now, next payment 14:00 UTC+0.5564%/8h

paid, last 24h+1.531%paid, last 4 days+1.152%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 1.152% in total (about 119.6% 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	Injective USELESS/USDC PERP	0.2616	−0.5000	get 0.0625% / 1h	37m 43s	$3K	$25K	5.5x
Short	Binance USELESSUSDT	0.2807	0.0564	get 0.0282% / 4h	2h 37m	$24.0M	$78.5M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BinancebpOrdersRate

Funding earned: $1,168.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $1,158.32
Break-even: 0.1 days

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

Price risk

price view

Price gap now: +7.341%
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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.18 bp	14.5 bp −$14	51.4 bp −$514	doesn't fit	doesn't fit

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 PERPlong	−0.5000%	1h	$3K	$25K	5.5x
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	$9.6M	$49.7M	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-USDT	+0.0100%	4h	$21K	$275K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$495K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0214%	1h	$12.4M	$12.5M	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0226%	4h	$5.3M	$5.7M	20x	as long as short
edgeX USELESSUSDC	+0.0536%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USD	+0.0544%	1h	$262K	$911K	5x	as long as short
MEXC USELESS_USDT	+0.0544%	4h	$16.7M	$4.1M	50x	as long as short
Binance USELESSUSDTshort	+0.0564%	4h	$24.0M	$78.5M	50x
BingX USELESS-USDT	+0.0755%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Bybit USELESSUSDT	+0.0831%	4h	$27.5M	$30.9M	13x	as long as short
Aster USELESSUSDT	+0.0899%	4h	$580K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0994%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1112%	4h	$18K	$1.4M	10x	as long as short