USELESS

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h−0.077%paid, last 7 days−0.077%to open and close $10k−$343

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex USELESSUSDT	0.2807	0.0100	pay 0.0050% / 4h	2h 36m	$495K	$1.3M	20x
Short	Gate USELESS_USDT	0.2806	0.0100	get 0.0050% / 4h	2h 36m	$6.4M	$5.0M	50x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee PhemexbpFee GatebpOrdersRate

Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 3 min ago.

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 Phemex live order book, 2 min ago	40.25 bp	155.1 bp −$155	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.52 bp	55.5 bp −$56	doesn't fit	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	$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	$9.6M	$49.7M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.4M	$5.0M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$55K	$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	$21K	$276K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$495K	$1.3M	20x
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0218%	1h	$12.4M	$12.5M	3x	as long as short
Bitget USELESSUSDT	+0.0226%	4h	$5.3M	$5.7M	20x	as long as short
MEXC USELESS_USDT	+0.0544%	4h	$16.7M	$4.1M	50x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USD	+0.0560%	1h	$264K	$911K	5x	as long as short
Binance USELESSUSDT	+0.0564%	4h	$24.0M	$78.5M	50x	as long as short
BingX USELESS-USDT	+0.0774%	4h	—	$3.7M	—	as long as short
Variational Omni USELESS	+0.0774%	4h	$1.2M	$1.3M	—	as long as short
Aster USELESSUSDT	+0.0899%	4h	$583K	$1.1M	10x	as long as short
Bybit USELESSUSDT	+0.0931%	4h	$27.6M	$30.9M	13x	as long as short
BloFin USELESS-USDT	+0.1070%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1121%	4h	$18K	$1.4M	10x	as long as short