USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0004%/8h

paid, last 24h+0.131%paid, last 7 days+0.075%to open and close $10k−$227

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter USELESS	0.2882	0.0096	pay 0.0012% / 1h	0m 24s	$1.3M	$1.0M	3x
Short	Phemex USELESSUSDT	0.2884	0.0100	get 0.0050% / 4h	3h 00m	$520K	$1.3M	20x

Funding history

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Position, each leg$Hold fordaysFee LighterbpFee PhemexbpOrdersRate

Slippage from Lighter: live order book, 2 min ago; Phemex: live order book, 4 min ago.

A gap far from its average can cost days of funding.

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

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, 2 min ago	5.72 bp	19.2 bp −$19	49.9 bp −$499	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	37.62 bp	115.0 bp −$115	doesn't fit	doesn't fit	doesn't fit

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	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.4M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$326K	20x	as long as short
Phemex USELESSUSDTshort	+0.0100%	4h	$520K	$1.3M	20x
ApeX Omni USELESSUSDT	+0.0121%	1h	$35K	$694K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0124%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0236%	4h	$28.3M	$36.4M	13x	as long as short
Variational Omni USELESS	+0.0413%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0424%	4h	—	$4.3M	—	as long as short
edgeX USELESSUSDC	+0.0431%	4h	$22K	$185K	10x	as long as short
MEXC USELESS_USDT	+0.0446%	4h	$18.6M	$4.8M	50x	as long as short
Binance USELESSUSDT	+0.0447%	4h	$24.6M	$90.1M	50x	as long as short
Extended USELESS-USD	+0.0448%	1h	$269K	$912K	5x	as long as short
BloFin USELESS-USDT	+0.0565%	4h	$1.2M	$1.7M	12x	as long as short
Polymarket Perps USELESS-USD	+0.0738%	1h	$30K	$110K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0967%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1035%	1h	$13.8M	$14.5M	3x	as long as short
Aster USELESSUSDT	+0.1053%	4h	$665K	$1.6M	10x	as long as short