USELESS Funding Rate — live across 12 venues
Compared across 12 supported venues · net of estimated fees · updated every few minutes
Live annualized USELESS perpetual funding across all 12 venues Perpia tracks. Right now USELESS funding is positive on 7 and negative on 5, ranging from +11.4% on Extended to -120.6% on OKX — a spread of 132.0%. The widest delta-neutral trade is long OKX / short Extended at 129.6% net APR.
USELESS funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
USELESS funding rate by venue
31 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended↗ | +11.4% | 1h |
| Binance↗ | +10.9% | 4h |
| MEXC↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 4h |
| Variational↗ | +10.9% | 4h |
| Lighter↗ | +10.5% | 8h |
| Aster↗ | +3.5% | 1h |
| KuCoin↗ | -8.5% | 4h |
| Bitget↗ | -16.9% | 4h |
| Gate.io↗ | -107.3% | 4h |
| BingX↗ | -108.5% | 4h |
| OKX↗ | -120.6% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Extended page.
Loading USELESS backtest…
USELESS funding — FAQ
Is USELESS funding positive right now?
USELESS perpetual funding is positive on 7 of 12 venues Perpia tracks and negative on 5. The highest is +11.4% on Extended; the lowest is -120.6% on OKX.
What is the best USELESS funding arbitrage right now?
Go long OKX and short Extended for about 129.6% net APR after fees — the widest delta-neutral USELESS spread Perpia currently sees.
Which exchange has the highest USELESS funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How USELESS funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to USELESS
Markets also quoted on both Extended and OKX — the same two exchanges you would already have funded for the USELESS trade.
See every spread between them on the Extended vs OKX page.