USELESS

Alert

Funding spread now, next payment 19:00 UTC+0.0273%/8h

paid, last 24h+0.109%paid, last 7 days+0.219%to open and close $10k−$57

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2838	0.0100	pay 0.0013% / 1h	39m 59s	$27K	$119K	3x
Short	Binance USELESSUSDT	0.2841	0.0373	get 0.0187% / 4h	1h 39m	$24.1M	$93.4M	50x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BinancebpOrdersRate

Slippage from Polymarket Perps: live order book, 64 min ago; Binance: 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 Polymarket Perps live order book, 64 min ago	3.28 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.35 bp	13.2 bp −$13	43.2 bp −$432	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	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$944K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.6M	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	$694K	25x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	$27K	$119K	3x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$338K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$518K	$1.2M	20x	as long as short
Bitget USELESSUSDT	+0.0160%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0337%	4h	$27.8M	$37.3M	13x	as long as short
Binance USELESSUSDTshort	+0.0373%	4h	$24.1M	$93.4M	50x
edgeX USELESSUSDC	+0.0374%	4h	$22K	$185K	10x	as long as short
Extended USELESS-USD	+0.0376%	1h	$260K	$921K	5x	as long as short
MEXC USELESS_USDT	+0.0380%	4h	$18.8M	$4.9M	50x	as long as short
Variational Omni USELESS	+0.0382%	4h	$1.2M	$1.5M	—	as long as short
BingX USELESS-USDT	+0.0386%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0608%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0708%	1h	$13.8M	$15.7M	3x	as long as short
Aster USELESSUSDT	+0.0845%	4h	$588K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0904%	4h	$22K	$1.4M	10x	as long as short