USELESS

Alert

Funding spread now, next payment 19:00 UTC+0.5100%/8h

paid, last 24h+1.431%paid, last 4 days+1.298%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 1.298% in total (about 127.0% 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	0.2937	−0.5000	get 0.0625% / 1h	27m 29s	$855	$14K	5.5x
Short	SunX USELESS-USDT	0.2876	0.0100	get 0.0050% / 4h	1h 27m	—	$1.3M	10x

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 SunXbpOrdersRate

Funding earned: $1,071
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 5 bp × 2 orders: −$10
Net: $1,060.98
Break-even: 0.1 days

Slippage unknown: Injective: no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −2.070%
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 SunX live order book, 3 min ago	44.69 bp	65.2 bp −$65	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	$855	$14K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$58.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.9M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$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	$120K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	—	$1.3M	10x
HTX USELESS-USDT	+0.0100%	4h	$21K	$340K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$533K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0180%	4h	$5.5M	$7.1M	20x	as long as short
Bybit USELESSUSDT	+0.0289%	4h	$28.1M	$37.3M	13x	as long as short
Variational Omni USELESS	+0.0349%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0365%	4h	$22K	$186K	10x	as long as short
BingX USELESS-USDT	+0.0392%	4h	—	$4.4M	—	as long as short
MEXC USELESS_USDT	+0.0398%	4h	$19.2M	$5.0M	50x	as long as short
Binance USELESSUSDT	+0.0399%	4h	$24.4M	$93.6M	50x	as long as short
Extended USELESS-USD	+0.0400%	1h	$262K	$920K	5x	as long as short
BloFin USELESS-USDT	+0.0577%	4h	$1.2M	$1.8M	12x	as long as short
Hyperliquid USELESS	+0.0750%	1h	$13.9M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0880%	4h	$597K	$1.9M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0901%	4h	$22K	$1.4M	10x	as long as short