USELESS

Alert

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

next payment, per $10,000+$1.79paid, last 24h+0.088%paid, last 7 days+0.154%to open and close $10k−$51

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% 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	OKX USELESS-USDT-SWAP	0.2892	0.0100	pay 0.0050% / 4h	3h 45m	$9.7M	$54.6M	10x
Short	MEXC USELESS_USDT	0.2872	0.0458	get 0.0229% / 4h	3h 45m	$18.1M	$4.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersRate

Funding earned: $75.18
Slippage, 4 orders: −$32.75
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $24.43
Break-even: 4.7 days

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.685%
Avg gap 7d: +0.074%

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 OKX live order book, 5 min ago	1.24 bp	15.6 bp −$16	64.4 bp −$644	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.18 bp	10.5 bp −$11	49.3 bp −$493	161.2 bp −$16.1K	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	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$912K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	$9.7M	$54.6M	10x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$688K	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	$315K	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0204%	4h	$5.4M	$6.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0252%	4h	$6.7M	$5.9M	50x	as long as short
edgeX USELESSUSDC	+0.0434%	4h	$22K	$185K	10x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.5M	—	as long as short
Binance USELESSUSDT	+0.0454%	4h	$24.4M	$85.8M	50x	as long as short
Extended USELESS-USD	+0.0456%	1h	$269K	$915K	5x	as long as short
MEXC USELESS_USDTshort	+0.0458%	4h	$18.1M	$4.4M	50x
BloFin USELESS-USDT	+0.0766%	4h	$1.2M	$1.7M	12x	as long as short
BingX USELESS-USDT	+0.0856%	4h	—	$4.0M	—	as long as short
Hyperliquid USELESS	+0.0869%	1h	$12.8M	$13.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1002%	4h	$19K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1021%	4h	$28.4M	$35.4M	13x	as long as short
Aster USELESSUSDT	+0.1062%	4h	$678K	$1.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.1145%	1h	$37K	$109K	3x	as long as short
Phemex USELESSUSDT	+0.2242%	4h	$517K	$1.3M	20x	as long as short