USELESS

Alert

Funding spread now, next payment 18:00 UTC+0.0284%/8h

paid, last 24h+0.071%paid, last 7 days−0.052%to open and close $10k−$269

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% 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	KuCoin USELESSUSDTM	0.2869	0.0100	pay 0.0050% / 4h	2h 06m	$5.2M	$7.8M	12x
Short	Extended USELESS-USD	0.2872	0.0384	get 0.0048% / 1h	6m 20s	$269K	$915K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ExtendedbpOrdersRate

Funding earned: $59.64
Slippage, 4 orders: −$251.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$208.92
Break-even: 31.5 days

Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 33 min ago.

Price risk

price view

Price gap now: +0.072%
Avg gap 7d: +0.024%

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, 8 min ago	3.48 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 33 min ago	79.76 bp	97.3 bp −$97	doesn't fit	doesn't fit	doesn't fit

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	$855	$20K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$80K	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	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$5.2M	$7.8M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$694K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$116K	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	$337K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$522K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0108%	4h	$5.4M	$7.0M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0241%	4h	$28.1M	$37.2M	13x	as long as short
Variational Omni USELESS	+0.0335%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USDshort	+0.0384%	1h	$269K	$915K	5x
MEXC USELESS_USDT	+0.0386%	4h	$18.8M	$5.0M	50x	as long as short
BingX USELESS-USDT	+0.0390%	4h	—	$4.4M	—	as long as short
Binance USELESSUSDT	+0.0392%	4h	$24.3M	$93.0M	50x	as long as short
edgeX USELESSUSDC	+0.0393%	4h	$22K	$186K	10x	as long as short
BloFin USELESS-USDT	+0.0483%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0854%	1h	$14.1M	$15.5M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0930%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0936%	4h	$662K	$1.7M	10x	as long as short