USELESS

Alert

Funding spread now, next payment 17:00 UTC−0.0726%/8h

paid, last 24h+0.024%paid, last 7 days+0.097%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% a year). A funding rate is set anew for every payment. 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	Polymarket Perps USELESS-USD	0.2854	0.0826	pay 0.0103% / 1h	25m 37s	$34K	$112K	3x
Short	Gate USELESS_USDT	0.2840	0.0100	get 0.0050% / 4h	3h 25m	$6.6M	$6.1M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee GatebpOrdersRate

Funding earned: −$152.44
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$175.44
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 24 min ago; Gate: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.505%
Avg gap 7d: −0.135%

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 live order book, 24 min ago	0.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.18 bp	55.5 bp −$56	doesn't fit	doesn't fit	doesn't fit

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	$952K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$55.7M	10x	as long as short
Gate USELESS_USDTshort	+0.0100%	4h	$6.6M	$6.1M	50x
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$689K	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	$320K	20x	as long as short
Phemex USELESSUSDT	+0.0188%	4h	$509K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0202%	4h	$5.4M	$6.7M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	$10K	—	3x	as long as short
Variational Omni USELESS	+0.0467%	4h	$1.2M	$1.5M	—	as long as short
Binance USELESSUSDT	+0.0493%	4h	$24.1M	$89.2M	50x	as long as short
Extended USELESS-USD	+0.0496%	1h	$265K	$917K	5x	as long as short
MEXC USELESS_USDT	+0.0496%	4h	$18.1M	$4.7M	50x	as long as short
edgeX USELESSUSDC	+0.0498%	4h	$22K	$184K	10x	as long as short
BingX USELESS-USDT	+0.0662%	4h	—	$4.2M	—	as long as short
Bybit USELESSUSDT	+0.0756%	4h	$28.0M	$36.4M	13x	as long as short
Polymarket Perps USELESS-USDlong	+0.0826%	1h	$34K	$112K	3x
Orderly PERP_USELESS_USDC	+0.0974%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.0978%	1h	$13.6M	$14.4M	3x	as long as short
BloFin USELESS-USDT	+0.1052%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1102%	4h	$676K	$1.4M	10x	as long as short