USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0864%/8h

paid, last 24h+0.263%paid, last 5 days+0.537%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USELESS	0.2838	0.0096	pay 0.0012% / 1h	13m 35s	$1.3M	$1.0M	3x
Short	Orderly PERP_USELESS_USDC	0.2844	0.0960	get 0.0480% / 4h	3h 13m	$22K	$1.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee OrderlybpOrdersRate

Funding earned: $181.36
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $175.36
Break-even: 0.2 days

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

Price risk

price view

Price gap now: +0.215%
Avg gap 7d: +0.022%

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	1.76 bp	22.8 bp −$23	49.5 bp −$495	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	$6.2M	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	$34K	$691K	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	$509K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0152%	4h	$5.3M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0401%	4h	$27.9M	$36.6M	13x	as long as short
edgeX USELESSUSDC	+0.0451%	4h	$22K	$185K	10x	as long as short
Extended USELESS-USD	+0.0456%	1h	$265K	$912K	5x	as long as short
MEXC USELESS_USDT	+0.0458%	4h	$18.0M	$4.7M	50x	as long as short
Binance USELESSUSDT	+0.0460%	4h	$24.0M	$89.8M	50x	as long as short
Variational Omni USELESS	+0.0472%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0504%	4h	—	$4.2M	—	as long as short
Polymarket Perps USELESS-USD	+0.0769%	1h	$32K	$106K	3x	as long as short
BloFin USELESS-USDT	+0.0798%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.0960%	4h	$22K	$1.4M	10x
Hyperliquid USELESS	+0.1009%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1047%	4h	$656K	$1.5M	10x	as long as short