USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0961%/8h= +105.2% APRnext payment +$4.80 per $10,000 · paid last 24h +0.030%

Price spread now: Variational Omni against edgeX+0.278%7-day average +0.066% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.086%+$9 on $10k

Price spread, last 3 days (all we have)−0.475%−$48 · spread now +0.278%, 7d avg +0.066%

Together, before fees−0.389%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Variational Omni is 0.212% dearer against edgeX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.066%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.80 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	edgeX USELESSUSDC	0.2740	0.0475	pay 0.0237% / 4h	59m 35s	$20K	$192K	10x
Short	Variational Omni USELESS	0.2748	0.1435	get 0.0718% / 4h	59m 35s	$1.2M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now +0.278%Rate

Funding earned: $201.71
Price spread: +0.278% → +0.066%: $21.17
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $213.88
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 17 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 edgeX live order book, 17 min ago	1.28 bp	84.4 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	5.48 bp	doesn't fit	67.6 bp −$676	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	0.2765	+0.895%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2763	+0.855%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2769	+1.074%	$9.7M	$64.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2767	+0.998%	$29K	$152K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2768	+1.016%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2760	+0.713%	$18K	$491K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2758	+0.644%	$555K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2768	+1.005%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0216%	1h	0.2731	−0.331%	$38K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2765	+0.903%	$5.1M	$9.9M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0354%	4h	0.2767	+1.001%	$6.9M	$8.2M	50x	as long as short
Bitget USELESSUSDT	+0.0440%	4h	0.2770	+1.085%	$5.3M	$9.2M	20x	as long as short
edgeX USELESSUSDClong	+0.0475%	4h	0.2740	long leg	$20K	$192K	10x
MEXC USELESS_USDT	+0.0508%	4h	0.2763	+0.852%	$10.1M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2767	+0.971%	$290K	$966K	5x	as long as short
Binance USELESSUSDT	+0.0520%	4h	0.2770	+1.098%	$23.4M	$114.8M	50x	as long as short
Aster USELESSUSDT	+0.1127%	4h	0.2771	+1.115%	$637K	$2.2M	10x	as long as short
Hyperliquid USELESS	+0.1198%	1h	0.2769	+1.064%	$13.7M	$20.8M	3x	as long as short
BingX USELESS-USDT	+0.1254%	4h	0.2772	+1.165%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1264%	4h	0.2770	+1.092%	$27.5M	$45.2M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1308%	4h	0.2769	+1.041%	$21K	$1.4M	10x	as long as short
Variational Omni USELESSshort	+0.1435%	4h	0.2748	+0.278%	$1.2M	$1.7M	—
BloFin USELESS-USDT	+0.1687%	4h	0.2763	+0.833%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+5.632%	$5K	$9K	5.5x	as long as short