USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0265%/8h

next payment, per $10,000+$1.33paid, last 24h−0.015%paid, last 7 days+0.015%to open and close $10k−$285

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.33 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	0.2849	0.0100	pay 0.0050% / 4h	1h 25m	$530K	$1.3M	20x
Short	edgeX USELESSUSDC	0.2885	0.0365	get 0.0183% / 4h	1h 25m	$22K	$186K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee edgeXbpOrdersRate

Funding earned: $55.67
Slippage, 4 orders: −$263.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$228.93
Break-even: 35.8 days

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 8 min ago.

Price risk

price view

Price gap now: +1.290%
Avg gap 7d: +0.030%

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, 4 min ago	14.39 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	1.05 bp	93.6 bp −$94	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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.8M	$57.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$8.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$120K	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	$340K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$530K	$1.3M	20x
Bitget USELESSUSDT	+0.0182%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0296%	4h	$27.9M	$37.1M	13x	as long as short
Variational Omni USELESS	+0.0332%	4h	$1.2M	$1.5M	—	as long as short
edgeX USELESSUSDCshort	+0.0365%	4h	$22K	$186K	10x
Extended USELESS-USD	+0.0376%	1h	$261K	$920K	5x	as long as short
Binance USELESSUSDT	+0.0380%	4h	$24.3M	$93.6M	50x	as long as short
MEXC USELESS_USDT	+0.0388%	4h	$19.1M	$5.0M	50x	as long as short
BingX USELESS-USDT	+0.0398%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0522%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0757%	1h	$13.9M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0862%	4h	$591K	$1.9M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0893%	4h	$22K	$1.4M	10x	as long as short