USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.5096%/8h

next payment, per $10,000−$6.37paid, last 24h−1.430%paid, last 4 days−1.133%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 -1.133% in total (about -116.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.37 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	Lighter USELESS	0.2764	0.0096	pay 0.0012% / 1h	48m 26s	$1.3M	$835K	3x
Short	Injective USELESS/USDC PERP	0.2600	−0.5000	pay 0.0625% / 1h	48m 26s	$3K	$25K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee InjectivebpOrdersRate

Funding earned: −$1,070.16
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,070.18
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −5.954%
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 Lighter live order book, 4 min ago	3.79 bp	27.7 bp −$28	73.1 bp −$731	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	$25K	5.5x
Lighter USELESSlong	+0.0096%	1h	$1.3M	$835K	3x
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$286K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$495K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0190%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0350%	1h	$12.0M	$12.8M	3x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0478%	4h	$16.6M	$4.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	$260K	$915K	5x	as long as short
Binance USELESSUSDT	+0.0480%	4h	$23.5M	$80.0M	50x	as long as short
Bybit USELESSUSDT	+0.0519%	4h	$26.9M	$31.6M	13x	as long as short
BingX USELESS-USDT	+0.0572%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0790%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0871%	4h	$582K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1123%	4h	$18K	$1.4M	10x	as long as short