USELESS

Alert

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

paid, last 24h−0.101%paid, last 5 days−0.273%to open and close $10k−$342

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex USELESSUSDT	0.2757	0.0100	pay 0.0050% / 4h	54m 26s	$499K	$1.4M	20x
Short	Pacifica USELESS	0.2753	0.0100	get 0.0013% / 1h	54m 26s	$27K	$103K	3x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee PhemexbpFee PacificabpOrdersRate

Slippage from Phemex: live order book, 5 min ago; Pacifica: live order book, 59 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, 5 min ago	36.49 bp	165.9 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 59 min ago	22.68 bp	43.3 bp −$43	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	$18K	5.5x	as long as short
Polymarket Perps USELESS-USD	−0.2002%	1h	$53K	$167K	3x	as long as short
ApeX Omni USELESSUSDT	−0.0044%	1h	$41K	$679K	25x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	$27K	$103K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$50.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$4.9M	$6.5M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$300K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDTlong	+0.0100%	4h	$499K	$1.4M	20x
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0226%	4h	$5.3M	$6.1M	20x	as long as short
MEXC USELESS_USDT	+0.0422%	4h	$16.7M	$4.2M	50x	as long as short
Binance USELESSUSDT	+0.0423%	4h	$23.2M	$82.5M	50x	as long as short
Extended USELESS-USD	+0.0424%	1h	$259K	$915K	5x	as long as short
edgeX USELESSUSDC	+0.0424%	4h	$21K	$182K	10x	as long as short
Bybit USELESSUSDT	+0.0450%	4h	$26.6M	$33.1M	13x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.9M	—	as long as short
Variational Omni USELESS	+0.0600%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0722%	4h	$1.1M	$1.6M	12x	as long as short
Hyperliquid USELESS	+0.0753%	1h	$11.9M	$13.0M	3x	as long as short
Aster USELESSUSDT	+0.0879%	4h	$600K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1086%	4h	$18K	$1.4M	10x	as long as short