USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0338%/8h

next payment, per $10,000+$1.69paid, last 24h−0.013%paid, last 7 days+0.024%to open and close $10k−$255

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.69 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	0.2916	0.0100	pay 0.0050% / 4h	2h 56m	$526K	$1.3M	20x
Short	MEXC USELESS_USDT	0.2919	0.0438	get 0.0219% / 4h	2h 56m	$18.7M	$4.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee MEXCbpOrdersRate

Funding earned: $70.98
Slippage, 4 orders: −$234.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$183.61
Break-even: 25.1 days

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.089%
Avg gap 7d: −0.024%

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, 3 min ago	35.64 bp	138.6 bp −$139	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.34 bp	7.6 bp −$8	17.6 bp −$176	114.9 bp −$11.5K	477.4 bp −$238.7K

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	$16K	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	$29K	$93K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$10.0M	$57.8M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.3M	$7.5M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$694K	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	$328K	20x	as long as short
Phemex USELESSUSDTlong	+0.0100%	4h	$526K	$1.3M	20x
Bitget USELESSUSDT	+0.0112%	4h	$5.5M	$6.8M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0148%	1h	$29K	$111K	3x	as long as short
Gate USELESS_USDT	+0.0148%	4h	$6.8M	$6.1M	50x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0197%	4h	$28.7M	$36.6M	13x	as long as short
BloFin USELESS-USDT	+0.0402%	4h	$1.2M	$1.7M	12x	as long as short
Variational Omni USELESS	+0.0413%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0422%	4h	—	$4.3M	—	as long as short
edgeX USELESSUSDC	+0.0430%	4h	$22K	$185K	10x	as long as short
MEXC USELESS_USDTshort	+0.0438%	4h	$18.7M	$4.7M	50x
Binance USELESSUSDT	+0.0439%	4h	$24.7M	$90.6M	50x	as long as short
Extended USELESS-USD	+0.0440%	1h	$272K	$912K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.0968%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1057%	4h	$707K	$1.6M	10x	as long as short
Hyperliquid USELESS	+0.1166%	1h	$14.0M	$14.8M	3x	as long as short