USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0348%/8h

paid, last 24h+0.109%paid, last 7 days+0.190%to open and close $10k−$240

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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	SunX USELESS-USDT	0.2825	0.0100	pay 0.0050% / 4h	9m 03s	—	$1.3M	10x
Short	Extended USELESS-USD	0.2825	0.0448	get 0.0056% / 1h	9m 03s	$265K	$915K	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee ExtendedbpOrdersRate

Funding earned: $73.08
Slippage, 4 orders: −$225.3
Fee SunX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$167.22
Break-even: 23.0 days

Slippage from SunX: live order book, 2 min ago; Extended: live order book, 41 min ago.

Price risk

price view

Price gap now: −0.006%
Avg gap 7d: −0.056%

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 SunX live order book, 2 min ago	46.21 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	6.30 bp	45.6 bp −$46	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	$882K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$53.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.5M	$5.9M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$6.9M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$36K	$683K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$38K	$147K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	—	$1.3M	10x
HTX USELESS-USDT	+0.0100%	4h	$21K	$310K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0192%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0210%	4h	$5.3M	$6.6M	20x	as long as short
Bybit USELESSUSDT	+0.0344%	4h	$27.6M	$35.0M	13x	as long as short
BingX USELESS-USDT	+0.0410%	4h	—	$4.0M	—	as long as short
edgeX USELESSUSDC	+0.0429%	4h	$21K	$183K	10x	as long as short
Variational Omni USELESS	+0.0437%	4h	$1.2M	$1.6M	—	as long as short
MEXC USELESS_USDT	+0.0442%	4h	$17.7M	$4.4M	50x	as long as short
Binance USELESSUSDT	+0.0448%	4h	$23.9M	$85.5M	50x	as long as short
Extended USELESS-USDshort	+0.0448%	1h	$265K	$915K	5x
Phemex USELESSUSDT	+0.0546%	4h	$512K	$1.3M	20x	as long as short
BloFin USELESS-USDT	+0.0578%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1007%	4h	$665K	$1.4M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1027%	4h	$19K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1146%	1h	$12.5M	$13.6M	3x	as long as short