USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetUSELESSUSDT	0.1375	+0.0100	pay 0.0050% / 4h	18m 19s	$2.4M	$2.2M	20x	Long Bitget
SHORT	Variational OmniUSELESS	0.1368	+0.0100	get 0.0050% / 4h	18m 19s	$298K	$491K	50x	Short Variational Omni+15% pts

Price gap−0.509%

Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.411% under its 7d average: the price leg works against you, −$41 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$120.0000% /8h now · paid −0.120% over the last 7D

Price−$41spread −0.509% now, avg −0.098% → −0.411% if it goes back

Costs−$1411.406% of $10k · taker + slippage, in and out

Result−$194−1.94%+ Points / potential airdropVariational Omni: points · farm board

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.509%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

USELESS on 28 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size34.9 / 40.2 bp
At $10k entering Variational Omni costs 40.2 bp, fee and slippage, 1.2× Bitget’s.
Note: Margin at max leverage$500 + $200
Bitget 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: $0.00Long Bitget: 6 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
Watch: Gap narrower than usual−0.509% vs −0.098%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$298K vs $2.4M OI
Variational Omni sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
Watch: KYCBitget Yes · Variational Omni No
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0057%/8h × 21 periods−$11.99

Price spread−0.509% → −0.098% (7d avg)−$41.12

Slippage, 4 orderslive order books−$128.61

Fee Bitget bp × 2 orders−$12.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$193.72

Costs to cover1.406%Break-evennever at this rate

Slippage: Bitget: live order book, 3 min ago; Variational Omni: RFQ quote, 25 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget4.0134.9 bp−$35102.3 bp−$1,023doesn’t fitdoesn’t fit

SELL · SHORTVariational Omni7.3040.2 bp−$4065.7 bp−$657doesn’t fitdoesn’t fit

Closing costs about the same again.

USELESS news

posts that mention USELESS, from every exchange

10-02 16:07	Lighter RH	Listing	New perp listing! You can now trade $USELESS on Lighter on Robinhood Chain at 3x leverage. @Lighter_xyz on X ↗
10-02 14:14	Lighter RH	Listing	new market USELESS ($USELESS) seen by our collector
10-01 10:34	Avantis	Listing	new market USELESS/USD ($USELESS) seen by our collector
09-25 05:25	Arcus	Listing	$USELESS perpetuals are now live on Arcus. Up to 10x leverage. @arcus_xyz on X ↗
09-24 17:18	Arcus	Listing	new market USELESS-USD ($USELESS) seen by our collector
09-22 14:31	Nado	Listing	new market USELESS-PERP ($USELESS) seen by our collector