USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0349%/8h= +38.2% APRnext payment +$1.74 per $10,000 · paid last 24h +0.049%

Price spread now: Variational Omni against Binance+0.655%7-day average +0.098% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 7 days−0.714%−$71 · spread now +0.655%, 7d avg +0.098%

Together, before fees−0.607%+ Points / potential airdropVariational Omni: Active · farm board−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Variational Omni is 0.556% dearer against Binance than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.098%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.107% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 per $10,000. 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	Binance USELESSUSDT	0.2540	0.0550	pay 0.0275% / 4h	54m 33s	$21.2M	$122.7M	50x
Short	Variational Omni USELESS	0.2557	0.0899	get 0.0449% / 4h	54m 33s	$1.0M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Variational OmnibpOrdersPrice spread, now +0.655%Rate

Funding earned: $73.27
Price spread: +0.655% → +0.098%: $55.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $118.89
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 3 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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 Binance live order book, 3 min ago	0.20 bp	13.2 bp −$13	67.9 bp −$679	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	7.80 bp	doesn't fit	81.9 bp −$819	doesn't fit	doesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2538	−0.106%	$1.1M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2541	+0.039%	$11.5M	$22.6M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2541	+0.039%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2536	−0.177%	$6.4M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2542	+0.087%	$35K	$219K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2542	+0.063%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2541	+0.035%	$17K	$517K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2538	−0.102%	$556K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0210%	4h	0.2540	−0.031%	$8.8M	$62.2M	10x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2542	+0.051%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0242%	4h	0.2542	+0.067%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0473%	1h	0.2549	+0.342%	$33K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0476%	4h	0.2542	+0.071%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0546%	4h	0.2552	+0.447%	$19K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0550%	4h	0.2543	+0.122%	$10.1M	$6.2M	50x	as long as short
Binance USELESSUSDTlong	+0.0550%	4h	0.2540	long leg	$21.2M	$122.7M	50x
Extended USELESS-USD	+0.0552%	1h	0.2543	+0.118%	$112K	$1.2M	5x	as long as short
Aster USELESSUSDT	+0.0709%	4h	0.2536	−0.166%	$502K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0752%	4h	0.2540	−0.016%	$24.4M	$48.6M	13x	as long as short
BingX USELESS-USDT	+0.0764%	4h	0.2547	+0.276%	—	$5.3M	—	as long as short
Variational Omni USELESSshort	+0.0899%	4h	0.2557	+0.655%	$1.0M	$1.8M	—
BloFin USELESS-USDT	+0.1030%	4h	0.2544	+0.134%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1348%	4h	0.2542	+0.067%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2708	+6.609%	$5K	$11K	5.5x	as long as short