USELESS

Alert

Funding spread now, next payment 20:00 UTC−0.0340%/8h

next payment, per $10,000−$1.70paid, last 24h−0.124%paid, last 5 days−0.375%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2856	0.0966	pay 0.0483% / 4h	3h 21m	$22K	$1.4M	10x
Short	BingX USELESS-USDT	0.2854	0.0626	get 0.0313% / 4h	3h 21m	—	$4.3M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BingXbpOrdersRate

Funding earned: −$71.46
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$87.46
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.074%
Avg gap 7d: −0.002%

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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	1.23 bp	19.1 bp −$19	43.4 bp −$434	315.0 bp −$31.5K	doesn't fit

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
Lighter USELESS	+0.0096%	1h	$1.3M	$988K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$56.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.7M	$6.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$690K	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	$322K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$511K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0188%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0467%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDC	+0.0481%	4h	$22K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	$18.2M	$4.7M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	$265K	$917K	5x	as long as short
Binance USELESSUSDT	+0.0490%	4h	$24.2M	$89.4M	50x	as long as short
BingX USELESS-USDTshort	+0.0626%	4h	—	$4.3M	—
Bybit USELESSUSDT	+0.0657%	4h	$28.0M	$36.5M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0777%	1h	$33K	$107K	3x	as long as short
Orderly PERP_USELESS_USDClong	+0.0966%	4h	$22K	$1.4M	10x
Hyperliquid USELESS	+0.1019%	1h	$13.6M	$14.3M	3x	as long as short
BloFin USELESS-USDT	+0.1035%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1088%	4h	$647K	$1.4M	10x	as long as short