USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0292%/8h

next payment, per $10,000+$1.46paid, last 24h+0.073%paid, last 7 days−0.067%to open and close $10k−$86

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 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	0.2850	0.0100	pay 0.0050% / 4h	1h 48m	$5.2M	$7.9M	12x
Short	MEXC USELESS_USDT	0.2851	0.0392	get 0.0196% / 4h	1h 48m	$18.9M	$4.9M	50x

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 KuCoinbpFee MEXCbpOrdersRate

Funding earned: $61.32
Slippage, 4 orders: −$65.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$24.56
Break-even: 9.8 days

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.014%
Avg gap 7d: +0.047%

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	2.62 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.17 bp	9.6 bp −$10	45.5 bp −$455	165.6 bp −$16.6K	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	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$923K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.8M	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	$7.9M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$118K	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	$340K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$516K	$1.2M	20x	as long as short
Bitget USELESSUSDT	+0.0156%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0350%	4h	$27.8M	$37.4M	13x	as long as short
Variational Omni USELESS	+0.0361%	4h	$1.2M	$1.6M	—	as long as short
edgeX USELESSUSDC	+0.0366%	4h	$22K	$186K	10x	as long as short
BingX USELESS-USDT	+0.0380%	4h	—	$4.4M	—	as long as short
Extended USELESS-USD	+0.0392%	1h	$261K	$921K	5x	as long as short
Binance USELESSUSDT	+0.0392%	4h	$24.1M	$93.8M	50x	as long as short
MEXC USELESS_USDTshort	+0.0392%	4h	$18.9M	$4.9M	50x
BloFin USELESS-USDT	+0.0632%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0736%	1h	$13.9M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0883%	4h	$591K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0917%	4h	$22K	$1.4M	10x	as long as short