USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0404%/8h

next payment, per $10,000+$2.02paid, last 24h+0.008%paid, last 7 days+0.087%to open and close $10k−$211

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.02 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	0.2842	0.0100	pay 0.0050% / 4h	3h 16m	$509K	$1.3M	20x
Short	BingX USELESS-USDT	0.2836	0.0504	get 0.0252% / 4h	3h 16m	—	$4.3M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BingXbpOrdersRate

Funding earned: $84.84
Slippage, 4 orders: −$189.49
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$126.65
Break-even: 17.4 days

Slippage from Phemex: live order book, 2 min ago; BingX: live order book, 10 min ago.

Price risk

price view

Price gap now: −0.194%
Avg gap 7d: −0.055%

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, 2 min ago	37.19 bp	89.4 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	1.23 bp	19.1 bp −$19	43.4 bp −$434	315.0 bp −$31.5K	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	$1.0M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.6M	$55.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$34K	$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	$323K	20x	as long as short
Phemex USELESSUSDTlong	+0.0100%	4h	$509K	$1.3M	20x

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0166%	4h	$5.3M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0466%	4h	$1.2M	$1.5M	—	as long as short
Binance USELESSUSDT	+0.0469%	4h	$24.0M	$89.7M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	$264K	$912K	5x	as long as short
MEXC USELESS_USDT	+0.0474%	4h	$18.0M	$4.7M	50x	as long as short
edgeX USELESSUSDC	+0.0487%	4h	$22K	$185K	10x	as long as short
BingX USELESS-USDTshort	+0.0504%	4h	—	$4.3M	—
Bybit USELESSUSDT	+0.0590%	4h	$27.8M	$36.6M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0757%	1h	$32K	$107K	3x	as long as short
BloFin USELESS-USDT	+0.0873%	4h	$1.2M	$1.7M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0963%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1003%	1h	$13.4M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1055%	4h	$643K	$1.5M	10x	as long as short