USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.5100%/8h

paid, last 24h+1.455%paid, last 4 days+1.164%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 1.164% in total (about 117.5% 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	0.2606	−0.5000	get 0.0625% / 1h	13m 42s	$3K	$18K	5.5x
Short	Gate USELESS_USDT	0.2791	0.0100	get 0.0050% / 4h	13m 42s	$6.5M	$5.9M	50x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee GatebpOrdersRate

Funding earned: $1,071
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $1,055.98
Break-even: 0.1 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +7.123%
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 Gate live order book, 1 min ago	0.89 bp	38.1 bp −$38	doesn't fit	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	$18K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$881K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$52.8M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.5M	$5.9M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$684K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$165K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$309K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0208%	4h	$5.2M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0317%	4h	$27.2M	$34.9M	13x	as long as short
BingX USELESS-USDT	+0.0410%	4h	—	$4.0M	—	as long as short
Extended USELESS-USD	+0.0416%	1h	$263K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0416%	4h	$17.5M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0425%	4h	$23.6M	$85.3M	50x	as long as short
edgeX USELESSUSDC	+0.0425%	4h	$21K	$184K	10x	as long as short
Variational Omni USELESS	+0.0453%	4h	$1.2M	$1.6M	—	as long as short
Phemex USELESSUSDT	+0.0483%	4h	$507K	$1.3M	20x	as long as short
BloFin USELESS-USDT	+0.0570%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0976%	4h	$659K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1022%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1152%	1h	$12.4M	$13.6M	3x	as long as short