Funding you earn now, next payment 22:00 UTC−0.3670%/8h= −401.9% APRpaid last 24h +1.431%
Price spread now: Variational Omni against Injective−4.302%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$110 a day on $10k at the current rate, and Variational Omni is 4.302% cheaper against Injective than usual: you would sell low and buy high (−$430 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USELESS/USDC PERP | 0.3061 | 0.5000 | pay 0.0625% / 1h | 13m 17s | $5K | $10K | 5.5x |
| Short | Variational Omni USELESS | 0.2930 | 0.1330 | get 0.0665% / 4h | 2h 13m | $1.2M | $1.7M | — |
Injective USELESS/USDC PERP
Variational Omni USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. 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
- −$770.75
- Price spread: −4.302% → 0.000%
- −$430.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$1,200.93
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 1 min ago | 6.84 bp | doesn't fit | 82.1 bp −$821 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2870 | −6.239% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2872 | −6.187% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2869 | −6.282% | $10.3M | $64.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2872 | −6.197% | $28K | $138K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2872 | −6.190% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2872 | −6.190% | $21K | $384K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2862 | −6.494% | $573K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0232% | 4h | 0.2867 | −6.344% | $5.3M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2872 | −6.196% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0366% | 4h | 0.2865 | −6.399% | $7.1M | $7.8M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0371% | 1h | 0.2918 | −4.678% | $41K | $700K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0530% | 4h | 0.2872 | −6.190% | $5.5M | $8.8M | 20x | as long as short |
| Extended USELESS-USD | +0.0648% | 1h | 0.2869 | −6.282% | $303K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0648% | 4h | 0.2870 | −6.239% | $10.1M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0649% | 4h | 0.2869 | −6.291% | $24.6M | $110.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0650% | 4h | 0.2925 | −4.456% | $22K | $191K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1182% | 4h | 0.2871 | −6.217% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1187% | 4h | 0.2873 | −6.158% | $29.1M | $42.9M | 13x | as long as short |
| BingX USELESS-USDT | +0.1200% | 4h | 0.2872 | −6.181% | — | $4.9M | — | as long as short |
| Variational Omni USELESSshort | +0.1330% | 4h | 0.2930 | −4.302% | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1361% | 4h | 0.2869 | −6.292% | $662K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1564% | 4h | 0.2878 | −5.968% | $1.2M | $1.9M | 12x | as long as short |
| Hyperliquid USELESS | +0.1579% | 1h | 0.2876 | −6.065% | $14.7M | $19.7M | 3x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.3061 | long leg | $5K | $10K | 5.5x |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BingX USELESS-USDT
Aster USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS