USELESS Funding Rate — live across 14 venues
Perpetual funding · compared across 14 venues · net of estimated fees · updated every few minutesLive annualized USELESS perpetual funding across all 14 venues Perpia tracks. Right now USELESS funding is positive on 14 and negative on 0, ranging from +61.2% on Arcus to +3.7% on Gate.io — a spread of 57.4%. The widest delta-neutral trade is long Gate.io / short Arcus at 54.6% 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.
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Build a route
any two of the 14 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 14 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Arcus↗short | +61.2% | every 1h | |
| Extended↗ | +11.4% | every 1h | |
| MEXC↗ | +10.9% | every 4h | |
| OKX↗ | +10.9% | every 4h | |
| Binance↗ | +10.9% | every 4h | |
| BingX↗ | +10.9% | every 4h | |
| KuCoin↗ | +10.9% | every 4h | |
| Bybit↗ | +10.9% | every 4h | |
| Bitget↗ | +10.9% | every 4h | |
| Variational↗ | +10.9% | every 4h | |
| Aster↗ | +10.9% | every 4h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Lighter↗ | +10.5% | every 8h | |
| Gate.io↗long | +3.7% | every 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 Gate.io vs Arcus page. 25 pairs scanned for USELESS.
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USELESS — FAQ
Is USELESS funding positive right now?
USELESS perpetual funding is positive on 14 of 14 venues Perpia tracks. The highest is +61.2% on Arcus; the lowest is +3.7% on Gate.io.
What is the best USELESS funding arbitrage right now?
Go long Gate.io and short Arcus for about 54.6% net APR after fees — the widest delta-neutral USELESS spread Perpia currently sees.
Which exchange has the highest USELESS funding rate?
Arcus, at +61.2% 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
also quoted on both Arcus and Gate.ioThe same two exchanges you would already have funded for the USELESS trade. Every spread between them is on the Arcus vs Gate.io page.