USELESS

Alert

Funding spread now, next payment 15:00 UTC+0.5100%/8h

next payment, per $10,000+$6.38paid, last 24h+1.644%paid, last 4 days+1.743%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 1.743% in total (about 179.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.38 per $10,000. 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	0.3063	−0.5000	get 0.0625% / 1h	59m 08s	$3K	$25K	5.5x
Short	Hyperliquid USELESS	0.2788	0.0100	get 0.0013% / 1h	59m 08s	$12.1M	$12.8M	3x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee HyperliquidbpOrdersRate

Funding earned: $1,071
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1,061.98
Break-even: 0.1 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −8.997%
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 Hyperliquid live order book, 5 min ago	1.62 bp	doesn't fit	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	$25K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$833K	3x	as long as short
Hyperliquid USELESSshort	+0.0100%	1h	$12.1M	$12.8M	3x
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.8M	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

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$284K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$497K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0206%	4h	$5.3M	$5.8M	20x	as long as short
edgeX USELESSUSDC	+0.0489%	4h	$21K	$184K	10x	as long as short
Extended USELESS-USD	+0.0496%	1h	$263K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0498%	4h	$16.7M	$4.0M	50x	as long as short
Binance USELESSUSDT	+0.0498%	4h	$23.7M	$79.6M	50x	as long as short
Bybit USELESSUSDT	+0.0654%	4h	$27.2M	$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	+0.0888%	4h	$586K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1129%	4h	$18K	$1.4M	10x	as long as short