USELESS

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Funding spread now, next payment 16:00 UTC+0.0255%/8h

paid, last 24h+0.116%paid, last 5 days+0.337%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2783	0.0100	pay 0.0013% / 1h	18m 32s	$28K	$103K	3x
Short	Bybit USELESSUSDT	0.2781	0.0355	get 0.0177% / 4h	18m 32s	$27.1M	$34.8M	13x

Funding history

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Position, each leg$Hold fordaysFee PacificabpFee BybitbpOrdersRate

Slippage unknown: Pacifica: live order book, 30 min ago; Bybit: live order book, 2 min ago. Net counts fees only.

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 Pacifica live order book, 30 min ago	33.81 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.18 bp	19.6 bp −$20	44.6 bp −$446	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	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$880K	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	$28K	$103K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$52.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.8M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$684K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$174K	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	$307K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0210%	4h	$5.3M	$6.5M	20x	as long as short
Bybit USELESSUSDTshort	+0.0355%	4h	$27.1M	$34.8M	13x
Phemex USELESSUSDT	+0.0384%	4h	$510K	$1.3M	20x	as long as short
BingX USELESS-USDT	+0.0416%	4h	—	$4.0M	—	as long as short
edgeX USELESSUSDC	+0.0417%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0430%	4h	$17.3M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0431%	4h	$23.4M	$85.0M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	$263K	$915K	5x	as long as short
Variational Omni USELESS	+0.0487%	4h	$1.2M	$1.6M	—	as long as short
BloFin USELESS-USDT	+0.0593%	4h	$1.2M	$1.6M	12x	as long as short
Aster USELESSUSDT	+0.0964%	4h	$657K	$1.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1029%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1218%	1h	$12.3M	$13.5M	3x	as long as short