USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.1460%/8h

next payment, per $10,000+$7.30paid, last 24h+0.086%paid, last 7 days−0.091%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.30 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	0.2963	0.0100	pay 0.0050% / 4h	3h 41m	$5.6M	$7.0M	12x
Short	Phemex USELESSUSDT	0.2953	0.1560	get 0.0780% / 4h	3h 41m	$534K	$1.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersRate

Funding earned: $306.61
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: $282.61
Break-even: 0.5 days

Slippage unknown: KuCoin: live order book, 3 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.348%
Avg gap 7d: +0.095%

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, 3 min ago	4.62 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	50.97 bp	doesn't fit	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
Pacifica USELESS	+0.0100%	1h	$29K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.1M	$56.5M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$5.6M	$7.0M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$688K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$22K	$316K	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$11K	—	3x	as long as short
Lighter USELESS	+0.0208%	1h	$1.4M	$926K	3x	as long as short
Bitget USELESSUSDT	+0.0224%	4h	$5.5M	$6.7M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0434%	4h	$22K	$185K	10x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.5M	—	as long as short
MEXC USELESS_USDT	+0.0478%	4h	$18.7M	$4.5M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	$278K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0504%	4h	$25.3M	$87.1M	50x	as long as short
BingX USELESS-USDT	+0.0831%	4h	—	$4.0M	—	as long as short
Gate USELESS_USDT	+0.0866%	4h	$6.9M	$6.0M	50x	as long as short
BloFin USELESS-USDT	+0.0950%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1014%	4h	$21K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1121%	1h	$13.6M	$14.0M	3x	as long as short
Aster USELESSUSDT	+0.1167%	4h	$701K	$1.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.1204%	1h	$36K	$112K	3x	as long as short
Bybit USELESSUSDT	+0.1330%	4h	$29.3M	$35.8M	13x	as long as short
Phemex USELESSUSDTshort	+0.1560%	4h	$534K	$1.3M	20x