USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0974%/8h

next payment, per $10,000+$4.87paid, last 24h−0.035%paid, last 7 days−0.207%to open and close $10k−$120

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.87 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	KuCoin USELESSUSDTM	0.2808	0.0100	pay 0.0050% / 4h	3h 57m	$5.1M	$6.9M	12x
Short	Gate USELESS_USDT	0.2804	0.1074	get 0.0537% / 4h	3h 57m	$6.5M	$5.8M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersRate

Funding earned: $204.54
Slippage, 4 orders: −$93.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $84.1
Break-even: 4.1 days

Slippage from KuCoin: live order book, 7 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.125%
Avg gap 7d: −0.059%

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, 7 min ago	2.84 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.68 bp	29.5 bp −$30	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	$3K	$18K	5.5x	as long as short
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	$9.4M	$52.8M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$5.1M	$6.9M	12x
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	$5.3M	$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
Extended USELESS-USD	+0.0424%	1h	$265K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0424%	4h	$17.7M	$4.4M	50x	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$185K	10x	as long as short
Binance USELESSUSDT	+0.0425%	4h	$23.7M	$85.5M	50x	as long as short
BloFin USELESS-USDT	+0.0574%	4h	$1.2M	$1.7M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0811%	1h	$38K	$109K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0986%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0997%	4h	$669K	$1.4M	10x	as long as short
Gate USELESS_USDTshort	+0.1074%	4h	$6.5M	$5.8M	50x
Hyperliquid USELESS	+0.1099%	1h	$12.4M	$13.7M	3x	as long as short
Bybit USELESSUSDT	+0.2397%	4h	$27.5M	$35.0M	13x	as long as short
Phemex USELESSUSDT	+0.3189%	4h	$512K	$1.3M	20x	as long as short