USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0533%/8h= +58.4% APRnext payment +$2.67 per $10,000 · paid last 24h +0.028%

Price spread now: Variational Omni against MEXC+0.708%7-day average +0.100% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 7 days−0.783%−$78 · spread now +0.708%, 7d avg +0.100%

Together, before fees−0.703%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.608% dearer against MEXC than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.080% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.67 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	MEXC USELESS_USDT	0.2803	0.0496	pay 0.0248% / 4h	8m 24s	$10.3M	$6.0M	50x
Short	Variational Omni USELESS	0.2823	0.1029	get 0.0515% / 4h	8m 24s	$1.2M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.708%Rate

Funding earned: $112
Price spread: +0.708% → +0.100%: $60.77
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $164.77
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.35 bp	10.7 bp −$11	52.6 bp −$526	172.9 bp −$17.3K	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.33 bp	doesn't fit	58.7 bp −$587	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	0.2808	+0.175%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2808	+0.162%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2800	−0.114%	$9.8M	$66.2M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2802	−0.043%	$40K	$163K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2807	+0.143%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2803	−0.004%	$18K	$499K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2796	−0.260%	$574K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0102%	1h	0.2812	+0.314%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0198%	4h	0.2803	+0.004%	$5.2M	$10.0M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2804	+0.036%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0294%	4h	0.2802	−0.032%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0354%	4h	0.2802	−0.029%	$7.0M	$8.3M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2800	−0.115%	$295K	$966K	5x	as long as short
Binance USELESSUSDT	+0.0489%	4h	0.2801	−0.095%	$23.6M	$116.5M	50x	as long as short
MEXC USELESS_USDTlong	+0.0496%	4h	0.2803	long leg	$10.3M	$6.0M	50x
edgeX USELESSUSDC	+0.0496%	4h	0.2818	+0.545%	$21K	$192K	10x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2802	−0.025%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.0941%	4h	0.2802	−0.046%	$27.5M	$45.8M	13x	as long as short
Variational Omni USELESSshort	+0.1029%	4h	0.2823	+0.708%	$1.2M	$1.8M	—
Aster USELESSUSDT	+0.1056%	4h	0.2809	+0.207%	$645K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1228%	4h	0.2813	+0.350%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1314%	4h	0.2803	+0.007%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1465%	1h	0.2805	+0.068%	$14.0M	$21.1M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2983	+6.425%	$5K	$9K	5.5x	as long as short