USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0324%/8h

next payment, per $10,000+$0.41paid, last 24h+0.111%paid, last 7 days+0.230%to open and closeno order book

Long on Polymarket Perps Short on Extended

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2750	0.0100	pay 0.0013% / 1h	55m 44s	$53K	$166K	3x
Short	Extended USELESS-USD	0.2754	0.0424	get 0.0053% / 1h	55m 44s	$259K	$915K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ExtendedbpOrdersRate

Funding earned: $68.04
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $55.04
Break-even: 1.3 days

Slippage unknown: Polymarket Perps: no order-book sample; Extended: live order book, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.160%
Avg gap 7d: −0.206%

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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Extended live order book, 59 min ago	67.30 bp	86.0 bp −$86	doesn't fit	doesn't fit	doesn't fit

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$773K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$50.6M	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
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$678K	25x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	$53K	$166K	3x
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$300K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$500K	$1.4M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0216%	4h	$5.3M	$6.1M	20x	as long as short
Binance USELESSUSDT	+0.0423%	4h	$23.2M	$82.5M	50x	as long as short
Extended USELESS-USDshort	+0.0424%	1h	$259K	$915K	5x
edgeX USELESSUSDC	+0.0424%	4h	$21K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0428%	4h	$16.7M	$4.2M	50x	as long as short
BingX USELESS-USDT	+0.0472%	4h	—	$3.9M	—	as long as short
Bybit USELESSUSDT	+0.0482%	4h	$26.7M	$33.1M	13x	as long as short
Variational Omni USELESS	+0.0600%	4h	$1.2M	$1.5M	—	as long as short
BloFin USELESS-USDT	+0.0738%	4h	$1.1M	$1.6M	12x	as long as short
Hyperliquid USELESS	+0.0793%	1h	$12.0M	$13.1M	3x	as long as short
Aster USELESSUSDT	+0.0876%	4h	$600K	$1.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1087%	4h	$18K	$1.4M	10x	as long as short