USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.5430%/8h

paid, last 24h+1.532%paid, last 4 days+1.277%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 1.277% in total (about 128.6% 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	0.2638	−0.5000	get 0.0625% / 1h	58m 34s	$3K	$18K	5.5x
Short	MEXC USELESS_USDT	0.2808	0.0430	get 0.0215% / 4h	3h 58m	$17.6M	$4.4M	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 MEXCbpOrdersRate

Funding earned: $1,140.3
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 4 bp × 2 orders: −$8
Net: $1,132.28
Break-even: 0.0 days

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

Price risk

price view

Price gap now: +6.417%
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 MEXC live order book, 1 min ago	0.53 bp	8.3 bp −$8	51.8 bp −$518	176.7 bp −$17.7K	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	$902K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$52.8M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$685K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$312K	20x	as long as short
Bitget USELESSUSDT	+0.0184%	4h	$5.2M	$6.6M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni USELESS	+0.0415%	4h	$1.2M	$1.6M	—	as long as short
BingX USELESS-USDT	+0.0422%	4h	—	$4.0M	—	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$185K	10x	as long as short
Binance USELESSUSDT	+0.0425%	4h	$23.7M	$85.4M	50x	as long as short
MEXC USELESS_USDTshort	+0.0430%	4h	$17.6M	$4.4M	50x
Extended USELESS-USD	+0.0432%	1h	$265K	$915K	5x	as long as short
BloFin USELESS-USDT	+0.0574%	4h	$1.2M	$1.7M	12x	as long as short
Phemex USELESSUSDT	+0.0708%	4h	$512K	$1.3M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0811%	1h	$38K	$109K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0991%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0997%	4h	$668K	$1.4M	10x	as long as short
Gate USELESS_USDT	+0.1074%	4h	$6.5M	$5.8M	50x	as long as short
Hyperliquid USELESS	+0.1177%	1h	$12.5M	$13.7M	3x	as long as short
Bybit USELESSUSDT	+0.2397%	4h	$27.4M	$35.0M	13x	as long as short