USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0358%/8h

next payment, per $10,000−$1.79paid, last 24h−0.073%paid, last 7 days+0.067%to open and close $10k−$96

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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	MEXC USELESS_USDT	0.2900	0.0458	pay 0.0229% / 4h	2h 47m	$18.7M	$4.7M	50x
Short	KuCoin USELESSUSDTM	0.2898	0.0100	get 0.0050% / 4h	2h 47m	$5.2M	$7.5M	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersRate

Funding earned: −$75.18
Slippage, 4 orders: −$75.75
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$170.93
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.055%
Avg gap 7d: −0.048%

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 MEXC live order book, 3 min ago	0.85 bp	8.4 bp −$8	42.2 bp −$422	153.5 bp −$15.4K	567.8 bp −$283.9K
Sell KuCoin live order book, 7 min ago	2.06 bp	37.5 bp −$37	doesn't fit	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	$16K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.9M	$57.6M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.2M	50x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.2M	$7.5M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$696K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$111K	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	$329K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$532K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0102%	4h	$5.4M	$6.9M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0240%	4h	$28.6M	$36.5M	13x	as long as short
Variational Omni USELESS	+0.0371%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0426%	4h	—	$4.3M	—	as long as short
edgeX USELESSUSDC	+0.0429%	4h	$22K	$185K	10x	as long as short
Binance USELESSUSDT	+0.0452%	4h	$24.6M	$90.8M	50x	as long as short
Extended USELESS-USD	+0.0456%	1h	$270K	$912K	5x	as long as short
MEXC USELESS_USDTlong	+0.0458%	4h	$18.7M	$4.7M	50x
BloFin USELESS-USDT	+0.0480%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0905%	1h	$13.9M	$14.8M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0977%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1044%	4h	$678K	$1.6M	10x	as long as short