USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0481%/8h

paid, last 24h+0.139%paid, last 7 days+0.162%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% 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	0.2826	0.0096	pay 0.0012% / 1h	18m 02s	$1.3M	$1.0M	3x
Short	BingX USELESS-USDT	0.2833	0.0577	get 0.0289% / 4h	3h 18m	—	$4.3M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BingXbpOrdersRate

Funding earned: $101.05
Slippage, 4 orders: −$52.39
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $38.66
Break-even: 4.3 days

Slippage from Lighter: live order book, 5 min ago; BingX: live order book, 9 min ago.

Price risk

price view

Price gap now: +0.255%
Avg gap 7d: +0.011%

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, 5 min ago	2.28 bp	19.4 bp −$19	52.7 bp −$527	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.23 bp	19.1 bp −$19	43.4 bp −$434	315.0 bp −$31.5K	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 USELESSlong	+0.0096%	1h	$1.3M	$1.0M	3x
Pacifica USELESS	+0.0100%	1h	$28K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$55.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$6.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$689K	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	$323K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$508K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0170%	4h	$5.3M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0466%	4h	$1.2M	$1.5M	—	as long as short
Extended USELESS-USD	+0.0472%	1h	$264K	$912K	5x	as long as short
Binance USELESSUSDT	+0.0475%	4h	$24.0M	$89.7M	50x	as long as short
edgeX USELESSUSDC	+0.0481%	4h	$22K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	$18.0M	$4.7M	50x	as long as short
Bybit USELESSUSDT	+0.0569%	4h	$27.8M	$36.6M	13x	as long as short
BingX USELESS-USDTshort	+0.0577%	4h	—	$4.3M	—
Polymarket Perps USELESS-USD	+0.0759%	1h	$32K	$107K	3x	as long as short
BloFin USELESS-USDT	+0.0950%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0961%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1001%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1062%	4h	$641K	$1.5M	10x	as long as short