USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0778%/8h

next payment, per $10,000+$3.89paid, last 24h+0.082%paid, last 5 days+0.265%to open and close $10k−$178

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.265% in total (about 19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.89 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	Phemex USELESSUSDT	0.2768	0.0100	pay 0.0050% / 4h	1h 49m	$495K	$1.4M	20x
Short	Aster USELESSUSDT	0.2767	0.0878	get 0.0439% / 4h	1h 49m	$583K	$1.1M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee AsterbpOrdersRate

Funding earned: $163.47
Slippage, 4 orders: −$157.88
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.41
Break-even: 7.6 days

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, just now.

Price risk

price view

Price gap now: −0.043%
Avg gap 7d: −0.072%

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 Phemex live order book, 5 min ago	29.63 bp	67.3 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, just now	6.14 bp	25.8 bp −$26	doesn't fit	doesn't fit	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	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$6.0M	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	$54K	$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	$286K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$495K	$1.4M	20x
Bitget USELESSUSDT	+0.0188%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0328%	1h	$12.0M	$12.8M	3x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$21K	$184K	10x	as long as short
MEXC USELESS_USDT	+0.0478%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0479%	4h	$23.5M	$80.0M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	$261K	$915K	5x	as long as short
Bybit USELESSUSDT	+0.0535%	4h	$26.9M	$31.6M	13x	as long as short
BingX USELESS-USDT	+0.0572%	4h	—	$3.8M	—	as long as short
Variational Omni USELESS	+0.0690%	4h	$1.2M	$1.4M	—	as long as short
BloFin USELESS-USDT	+0.0790%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDTshort	+0.0878%	4h	$583K	$1.1M	10x
Orderly PERP_USELESS_USDC	+0.1123%	4h	$18K	$1.4M	10x	as long as short