USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.5100%/8h

paid, last 24h−1.475%paid, last 4 days−1.423%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 -1.423% in total (about -143.0% 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	KuCoin USELESSUSDTM	0.2843	0.0100	pay 0.0050% / 4h	3h 48m	$5.2M	$7.0M	12x
Short	Injective USELESS/USDC PERP	0.2664	−0.5000	pay 0.0625% / 1h	48m 14s	$3K	$18K	5.5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee InjectivebpOrdersRate

Funding earned: −$1,071
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,083.02
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −6.303%
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, 6 min ago	3.20 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	−0.5000%	1h	$3K	$18K	5.5x
Lighter USELESS	+0.0096%	1h	$1.3M	$912K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$53.6M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$5.2M	$7.0M	12x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$315K	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0196%	4h	$5.3M	$6.6M	20x	as long as short
Gate USELESS_USDT	+0.0234%	4h	$6.6M	$5.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0273%	1h	$36K	$687K	25x	as long as short
BingX USELESS-USDT	+0.0394%	4h	—	$4.0M	—	as long as short
Variational Omni USELESS	+0.0395%	4h	$1.2M	$1.6M	—	as long as short
edgeX USELESSUSDC	+0.0398%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0426%	4h	$17.9M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0438%	4h	$24.2M	$85.7M	50x	as long as short
Extended USELESS-USD	+0.0440%	1h	$268K	$915K	5x	as long as short
BloFin USELESS-USDT	+0.0623%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0843%	1h	$12.7M	$13.7M	3x	as long as short
Polymarket Perps USELESS-USD	+0.0980%	1h	$37K	$109K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1002%	4h	$19K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1030%	4h	$673K	$1.3M	10x	as long as short
Bybit USELESSUSDT	+0.1217%	4h	$28.0M	$35.1M	13x	as long as short
Phemex USELESSUSDT	+0.3143%	4h	$518K	$1.3M	20x	as long as short