USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0790%/8h= +86.5% APRnext payment +$3.95 per $10,000 · paid last 24h +0.162%

Price spread now: Variational Omni against HTX−0.641%7-day average +0.229% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.325%+$33 on $10k

Price spread, last 3 days (all we have)+0.951%+$95 · spread now −0.641%, 7d avg +0.229%

Together, before fees+1.276%+ Points / potential airdropVariational Omni: Active · farm board+$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.870% cheaper against HTX than usual: you would sell low and buy high (spread −0.641% now, against its 7-day average of +0.229%). If the spread goes back, that is −$87 on $10k: about 3.7 days of funding at the current rate (+$24 a day). At the pace of the last 3 days (+0.325% in total) that is about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2836	0.0100	pay 0.0050% / 4h	2h 33m	$19K	$518K	20x
Short	Variational Omni USELESS	0.2817	0.0890	get 0.0445% / 4h	2h 33m	$1.2M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.641%Rate

Funding earned: $165.86
Price spread: −0.641% → +0.229%: −$87.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $66.85
Costs to cover: 0.120%
Break-even: 4.2 days

Slippage unknown: HTX: live order book, 35 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 HTX live order book, 35 min ago	35.00 bp	doesn't fit	doesn't fit	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	0.2837	+0.039%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2839	+0.132%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2845	+0.328%	$10.0M	$67.4M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2843	+0.247%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2836	long leg	$19K	$518K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2832	−0.138%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0122%	4h	0.2843	+0.261%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0130%	4h	0.2831	−0.169%	$7.1M	$8.3M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2836	+0.027%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0527%	4h	0.2821	−0.497%	$21K	$194K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USELESS-USD	+0.0536%	1h	0.2838	+0.086%	$303K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0536%	4h	0.2842	+0.236%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0552%	4h	0.2843	+0.282%	$24.1M	$117.8M	50x	as long as short
BingX USELESS-USDT	+0.0580%	4h	0.2844	+0.286%	—	$5.1M	—	as long as short
Bitget USELESSUSDT	+0.0582%	4h	0.2842	+0.240%	$5.4M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0608%	1h	0.2843	+0.282%	$34K	$195K	3x	as long as short
Bybit USELESSUSDT	+0.0626%	4h	0.2844	+0.314%	$27.7M	$46.6M	13x	as long as short
Variational Omni USELESSshort	+0.0890%	4h	0.2817	−0.641%	$1.2M	$1.7M	—
ApeX Omni USELESSUSDT	+0.0893%	1h	0.2817	−0.652%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1080%	4h	0.2842	+0.212%	$652K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1275%	4h	0.2843	+0.275%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1334%	1h	0.2846	+0.363%	$14.2M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2980	+5.093%	$5K	$9K	5.5x	as long as short