USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.1127%/8h

next payment, per $10,000+$5.63paid, last 24h+0.091%paid, last 7 days+0.591%to open and close $10k−$223

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.591% in total (about 30.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.63 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	0.2795	0.0100	pay 0.0050% / 4h	2h 32m	$493K	$1.3M	20x
Short	BloFin USELESS-USDT	0.2783	0.1227	get 0.0613% / 4h	2h 32m	$1.2M	$1.5M	12x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BloFinbpOrdersRate

Funding earned: $236.59
Slippage, 4 orders: −$199.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.52
Break-even: 6.6 days

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

Price risk

price view

Price gap now: −0.415%
Avg gap 7d: +0.018%

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	39.21 bp	104.0 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	5.73 bp	16.5 bp −$17	32.0 bp −$320	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	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$43K	$673K	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	$276K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$493K	$1.3M	20x
Hyperliquid USELESS	+0.0207%	1h	$12.3M	$12.6M	3x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0226%	4h	$5.3M	$5.7M	20x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	$21K	$183K	10x	as long as short
Binance USELESSUSDT	+0.0551%	4h	$23.8M	$78.5M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	$261K	$911K	5x	as long as short
MEXC USELESS_USDT	+0.0558%	4h	$16.5M	$4.1M	50x	as long as short
Variational Omni USELESS	+0.0839%	4h	$1.2M	$1.3M	—	as long as short
BingX USELESS-USDT	+0.0847%	4h	—	$3.7M	—	as long as short
Aster USELESSUSDT	+0.0905%	4h	$576K	$1.1M	10x	as long as short
Bybit USELESSUSDT	+0.0907%	4h	$27.2M	$31.0M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1111%	4h	$18K	$1.4M	10x	as long as short
BloFin USELESS-USDTshort	+0.1227%	4h	$1.2M	$1.5M	12x