USELESS

Alert

Funding spread now, next payment 15:00 UTC−0.0004%/8h

paid, last 24h−0.030%paid, last 7 days+0.055%to open and close $10k−$83

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2752	0.0100	pay 0.0050% / 4h	1h 46m	$9.3M	$49.3M	10x
Short	Lighter USELESS	0.2746	0.0096	get 0.0012% / 1h	46m 01s	$1.3M	$835K	3x

Funding history

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Position, each leg$Hold fordaysFee OKXbpFee LighterbpOrdersRate

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 6 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 OKX live order book, 4 min ago	0.72 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.79 bp	20.5 bp −$21	102.6 bp −$1,026	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	$25K	5.5x	as long as short
Lighter USELESSshort	+0.0096%	1h	$1.3M	$835K	3x
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	$9.3M	$49.3M	10x
Gate USELESS_USDT	+0.0100%	4h	$6.3M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.1M	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	$53K	$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	$287K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$493K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0186%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0241%	1h	$11.9M	$12.9M	3x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$21K	$184K	10x	as long as short
Extended USELESS-USD	+0.0472%	1h	$258K	$915K	5x	as long as short
Bybit USELESSUSDT	+0.0474%	4h	$26.7M	$31.7M	13x	as long as short
MEXC USELESS_USDT	+0.0474%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0476%	4h	$23.3M	$80.3M	50x	as long as short
BingX USELESS-USDT	+0.0508%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0759%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0867%	4h	$578K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	$18K	$1.4M	10x	as long as short