Funding you earn now, next payment 04:00 UTC+0.0264%/8h= +28.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.015%
Price spread now: Variational Omni against Bybit−0.897%7-day average +0.134% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.057%+$6 on $10k
+Price spread, last 7 days+0.876%+$88 · spread now −0.897%, 7d avg +0.134%
=Together, before fees+0.934%+ Points / potential airdropVariational Omni: Active · farm board+$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 1.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.897% now, against its 7-day average of +0.134%). If the spread goes back, that is −$103 on $10k: about 13 days of funding at the current rate (+$8 a day). At the pace of the last 3 days (+0.057% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.057% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 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 | Bybit USELESSUSDT | 0.2843 | 0.0626 | pay 0.0313% / 4h | 2h 32m | $27.6M | $46.6M | 13x |
| Short | Variational Omni USELESS | 0.2817 | 0.0890 | get 0.0445% / 4h | 2h 32m | $1.2M | $1.7M | — |
Bybit USELESSUSDT
Variational Omni USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.37
- Price spread: −0.897% → +0.134%
- −$103.1
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$58.74
- Costs to cover
- 0.110%
- Break-even
- 14.4 days
Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Bybit live order book, 1 min ago | 0.35 bp | 23.9 bp −$24 | 110.1 bp −$1,101 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.32 bp | doesn't fit | 58.5 bp −$585 | doesn't fit | doesn't fit |
USELESS on 23 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 | 0.2841 | −0.056% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2839 | −0.126% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2841 | −0.056% | $10.0M | $67.3M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2844 | +0.032% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2836 | −0.236% | $19K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2832 | −0.380% | $606K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0122% | 4h | 0.2841 | −0.053% | $5.2M | $10.3M | 12x | as long as short |
| Gate USELESS_USDT | +0.0130% | 4h | 0.2834 | −0.306% | $7.1M | $8.4M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2843 | +0.015% | $10K | — | 3x | as long as short |
| edgeX USELESSUSDC | +0.0527% | 4h | 0.2821 | −0.752% | $21K | $194K | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Gate USELESS_USDT
Aevo USELESS-PERP
edgeX USELESSUSDCShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC USELESS_USDT | +0.0536% | 4h | 0.2843 | +0.004% | $11.0M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2842 | −0.030% | $303K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0552% | 4h | 0.2842 | −0.021% | $24.1M | $117.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0582% | 4h | 0.2842 | −0.039% | $5.4M | $9.9M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0608% | 1h | 0.2843 | +0.025% | $34K | $195K | 3x | as long as short |
| BingX USELESS-USDT | +0.0622% | 4h | 0.2842 | −0.014% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDTlong | +0.0626% | 4h | 0.2843 | long leg | $27.6M | $46.6M | 13x | |
| Variational Omni USELESSshort | +0.0890% | 4h | 0.2817 | −0.897% | $1.2M | $1.7M | — | |
| ApeX Omni USELESSUSDT | +0.0893% | 1h | 0.2817 | −0.908% | $39K | $700K | 25x | as long as short |
| Aster USELESSUSDT | +0.1080% | 4h | 0.2842 | −0.046% | $652K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1280% | 4h | 0.2846 | +0.113% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1336% | 1h | 0.2847 | +0.137% | $14.2M | $20.9M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2985 | +5.002% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
BingX USELESS-USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP