USELESS

Alert

Funding spread now, next payment 15:00 UTC+0.0100%/8h

paid, last 24h−0.031%paid, last 5 days−0.283%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2750	0.0100	pay 0.0050% / 4h	1h 42m	$5.0M	$6.1M	12x
Short	Aevo USELESS-PERP	0.2758	0.0200	get 0.0025% / 1h	42m 55s	$10K	—	3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee AevobpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7
Break-even: 9.3 days

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

Price risk

price view

Price gap now: +0.271%
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 KuCoin live order book, 1 min ago	3.44 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
ApeX Omni USELESSUSDT	+0.0054%	1h	$41K	$678K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$49.4M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$5.0M	$6.1M	12x
Polymarket Perps USELESS-USD	+0.0100%	1h	$53K	$200K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$288K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$499K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0192%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERPshort	+0.0200%	1h	$10K	—	3x
Hyperliquid USELESS	+0.0317%	1h	$12.0M	$12.9M	3x	as long as short
Bybit USELESSUSDT	+0.0447%	4h	$26.8M	$31.8M	13x	as long as short
edgeX USELESSUSDC	+0.0459%	4h	$21K	$185K	10x	as long as short
MEXC USELESS_USDT	+0.0468%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0478%	4h	$23.4M	$80.3M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	$260K	$915K	5x	as long as short
BingX USELESS-USDT	+0.0508%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0666%	4h	$1.1M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0687%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0868%	4h	$580K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1115%	4h	$18K	$1.4M	10x	as long as short