Funding arb · Price arb / Crypto
USELESS
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1281 | +0.0100 | pay 0.0050% / 4h | 2h 08m | $17.6M | $2.1M | 50x | Long Gate | |
| SHORT | 0.1282 | +0.0100 | get 0.0050% / 4h | 2h 08m | $206K | $513K | 50x | Short Variational Omni+15% pts |
Price gap+0.108%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$13 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$150.0000% /8h now · paid +0.146% over the last 7D
Price+$13spread +0.108% now, avg −0.024% → +0.131% if it goes back
Costs−$1391.385% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / 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+0.108%
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
/8hUSELESS on 28 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size27.9 / 39.1 bpAt $10k entering Variational Omni costs 39.1 bp, fee and slippage, 1.4× Gate’s.
- Note: Margin at max leverage$200 + $200Gate 50x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Gate: 6 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
- OK: Entry gap works for you+0.108% vs −0.024%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$206K vs $17.6M OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCGate Yes · Variational Omni NoKYC before the futures account opens; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0070%/8h × 21 periods+$14.64
Price spread+0.108% → −0.024% (7d avg)+$13.15
Slippage, 4 orderslive order books−$123.54
Fee Gate bp × 2 orders−$15.00
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$110.75
Costs to cover1.385%Break-even60.0 days
Slippage: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 28 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGate2.7327.9 bp−$284015.0 bp−$40.2Kdoesn’t fitdoesn’t fit
SELL · SHORTVariational Omni3.9139.1 bp−$3966.4 bp−$664doesn’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 |
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