USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.99 per $10,000 · paid last 24h −0.061%

Price spread now: Variational Omni against BloFin+0.357%7-day average +0.079% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.197%−$20 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.357%, 7d avg +0.079%

Together, before fees−0.308%+ Points / potential airdropVariational Omni: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.278% dearer against BloFin than usual: you sell high and buy low (spread +0.357% now, against its 7-day average of +0.079%): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin USELESS-USDT	0.2813	0.1228	pay 0.0614% / 4h	9m 07s	$1.2M	$2.0M	12x
Short	Variational Omni USELESS	0.2823	0.1029	get 0.0515% / 4h	9m 07s	$1.2M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.357%Rate

Funding earned: −$41.64
Price spread: +0.357% → +0.079%: $27.79
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.85
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	6.20 bp	17.5 bp −$18	31.8 bp −$318	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.37 bp	doesn't fit	87.7 bp −$877	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	0.2814	+0.028%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2815	+0.082%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2814	+0.021%	$9.9M	$66.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2811	−0.060%	$40K	$163K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2816	+0.100%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2818	+0.196%	$19K	$499K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2807	−0.203%	$575K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0102%	1h	0.2812	−0.036%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0206%	4h	0.2813	+0.014%	$5.2M	$10.0M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2817	+0.143%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0300%	4h	0.2815	+0.078%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0362%	4h	0.2810	−0.103%	$7.0M	$8.3M	50x	as long as short
Extended USELESS-USD	+0.0496%	1h	0.2814	+0.039%	$297K	$966K	5x	as long as short
Binance USELESSUSDT	+0.0496%	4h	0.2815	+0.069%	$23.7M	$116.5M	50x	as long as short
edgeX USELESSUSDC	+0.0496%	4h	0.2818	+0.195%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0502%	4h	0.2815	+0.057%	$10.4M	$6.0M	50x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2815	+0.068%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.0953%	4h	0.2816	+0.092%	$27.7M	$45.8M	13x	as long as short
Variational Omni USELESSshort	+0.1029%	4h	0.2823	+0.357%	$1.2M	$1.8M	—
Aster USELESSUSDT	+0.1065%	4h	0.2818	+0.162%	$647K	$2.3M	10x	as long as short
BloFin USELESS-USDTlong	+0.1228%	4h	0.2813	long leg	$1.2M	$2.0M	12x
Orderly PERP_USELESS_USDC	+0.1315%	4h	0.2817	+0.135%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1484%	1h	0.2816	+0.110%	$14.1M	$21.1M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2983	+6.054%	$5K	$9K	5.5x	as long as short