USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0971%/8h

next payment, per $10,000+$4.86paid, last 24h+0.213%paid, last 5 days+0.542%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2828	0.0100	pay 0.0050% / 4h	45m 32s	$9.6M	$52.3M	10x
Short	Orderly PERP_USELESS_USDC	0.2818	0.1071	get 0.0536% / 4h	45m 32s	$19K	$1.4M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee OrderlybpOrdersRate

Funding earned: $204
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $188
Break-even: 0.5 days

Slippage unknown: OKX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.318%
Avg gap 7d: +0.038%

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	2.14 bp	17.3 bp −$17	86.4 bp −$864	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
Polymarket Perps USELESS-USD	−0.1172%	1h	$55K	$167K	3x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	$9.6M	$52.3M	10x
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.6M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$6.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$679K	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	$302K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$512K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	$5.4M	$6.2M	20x	as long as short
Bybit USELESSUSDT	+0.0403%	4h	$27.5M	$33.5M	13x	as long as short
BingX USELESS-USDT	+0.0426%	4h	—	$3.9M	—	as long as short
edgeX USELESSUSDC	+0.0434%	4h	$21K	$183K	10x	as long as short
MEXC USELESS_USDT	+0.0438%	4h	$17.2M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0438%	4h	$23.9M	$83.1M	50x	as long as short
Extended USELESS-USD	+0.0440%	1h	$266K	$915K	5x	as long as short
Variational Omni USELESS	+0.0538%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0656%	4h	$1.1M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0936%	4h	$617K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1071%	4h	$19K	$1.4M	10x
Hyperliquid USELESS	+0.1102%	1h	$12.5M	$13.1M	3x	as long as short