USELESS

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h−0.086%paid, last 7 days+0.091%to open and close $10k−$195

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex USELESSUSDT	0.2908	0.0100	pay 0.0050% / 4h	1h 00m	$549K	$1.3M	20x
Short	KuCoin USELESSUSDTM	0.2904	0.0100	get 0.0050% / 4h	1h 00m	$5.2M	$8.2M	12x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee PhemexbpFee KuCoinbpOrdersRate

Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	11.32 bp	57.4 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	4.46 bp	35.7 bp −$36	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	$5K	$17K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$951K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.0M	$59.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$7.0M	$6.7M	50x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.2M	$8.2M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$691K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$109K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$347K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$549K	$1.3M	20x
Bitget USELESSUSDT	+0.0168%	4h	$5.5M	$7.2M	20x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0190%	4h	$28.5M	$37.6M	13x	as long as short
Variational Omni USELESS	+0.0288%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0400%	4h	—	$4.5M	—	as long as short
edgeX USELESSUSDC	+0.0421%	4h	$22K	$187K	10x	as long as short
Binance USELESSUSDT	+0.0422%	4h	$24.9M	$95.4M	50x	as long as short
MEXC USELESS_USDT	+0.0422%	4h	$19.8M	$5.1M	50x	as long as short
Extended USELESS-USD	+0.0424%	1h	$265K	$920K	5x	as long as short
BloFin USELESS-USDT	+0.0438%	4h	$1.2M	$1.8M	12x	as long as short
Hyperliquid USELESS	+0.0622%	1h	$13.8M	$15.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0888%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0923%	4h	$671K	$2.0M	10x	as long as short