USELESS

Alert

Funding spread now, next payment 15:00 UTC+0.0815%/8h

paid, last 24h+0.184%paid, last 5 days+0.310%to open and close $10k−$79

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.310% in total (about 22.8% 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	Lighter USELESS	0.2768	0.0096	pay 0.0012% / 1h	1m 17s	$1.3M	$846K	3x
Short	Aster USELESSUSDT	0.2766	0.0911	get 0.0456% / 4h	1h 01m	$589K	$1.2M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee AsterbpOrdersRate

Funding earned: $171.17
Slippage, 4 orders: −$71.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $92.1
Break-even: 3.2 days

Slippage from Lighter: live order book, 1 min ago; Aster: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.065%
Avg gap 7d: −0.003%

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 Lighter live order book, 1 min ago	4.51 bp	16.2 bp −$16	58.3 bp −$583	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.98 bp	26.2 bp −$26	90.1 bp −$901	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	$25K	5.5x	as long as short
Lighter USELESSlong	+0.0096%	1h	$1.3M	$846K	3x
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$50.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.5M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$678K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$167K	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	$298K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$503K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0226%	4h	$5.3M	$6.1M	20x	as long as short
Hyperliquid USELESS	+0.0395%	1h	$12.0M	$13.1M	3x	as long as short
edgeX USELESSUSDC	+0.0443%	4h	$21K	$183K	10x	as long as short
Binance USELESSUSDT	+0.0447%	4h	$23.3M	$82.5M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$261K	$915K	5x	as long as short
MEXC USELESS_USDT	+0.0450%	4h	$16.7M	$4.3M	50x	as long as short
BingX USELESS-USDT	+0.0536%	4h	—	$3.9M	—	as long as short
Bybit USELESSUSDT	+0.0547%	4h	$26.8M	$33.1M	13x	as long as short
Variational Omni USELESS	+0.0629%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0804%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDTshort	+0.0911%	4h	$589K	$1.2M	10x
Orderly PERP_USELESS_USDC	+0.1099%	4h	$18K	$1.4M	10x	as long as short