USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.155%

Price spread now: Variational Omni against Polymarket Perps−0.634%7-day average +0.070% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.384%+$38 on $10k

Price spread, last 7 days+0.643%+$64 · spread now −0.634%, 7d avg +0.070%

Together, before fees+1.026%+ Points / potential airdropVariational Omni: Active · farm board+$103 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.705% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.634% now, against its 7-day average of +0.070%). If the spread goes back, that is −$70 on $10k: about 7.7 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2835	0.0584	pay 0.0073% / 1h	32m 31s	$34K	$195K	3x
Short	Variational Omni USELESS	0.2817	0.0890	get 0.0445% / 4h	2h 32m	$1.2M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.634%Rate

Funding earned: $64.29
Price spread: −0.634% → +0.070%: −$70.46
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.17
Costs to cover: 0.080%
Break-even: 8.5 days

Slippage unknown: Polymarket Perps: live order book, 34 min ago; Variational Omni: RFQ quote, 2 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 Polymarket Perps live order book, 34 min ago	6.55 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 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	0.2840	+0.159%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2841	+0.201%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2834	−0.046%	$10.0M	$67.1M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2844	+0.296%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2836	+0.028%	$19K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2832	−0.116%	$606K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0122%	4h	0.2839	+0.148%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0154%	4h	0.2833	−0.085%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2843	+0.280%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0527%	4h	0.2821	−0.490%	$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	+0.0552%	1h	0.2837	+0.055%	$303K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2843	+0.257%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0552%	4h	0.2834	−0.035%	$24.0M	$117.8M	50x	as long as short
Bitget USELESSUSDT	+0.0582%	4h	0.2834	−0.039%	$5.4M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USDlong	+0.0584%	1h	0.2835	long leg	$34K	$195K	3x
Bybit USELESSUSDT	+0.0604%	4h	0.2835	−0.021%	$27.6M	$46.6M	13x	as long as short
BingX USELESS-USDT	+0.0632%	4h	0.2836	+0.018%	—	$5.1M	—	as long as short
Variational Omni USELESSshort	+0.0890%	4h	0.2817	−0.634%	$1.2M	$1.7M	—
ApeX Omni USELESSUSDT	+0.0893%	1h	0.2817	−0.645%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1083%	4h	0.2842	+0.219%	$652K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1280%	4h	0.2846	+0.377%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1323%	1h	0.2837	+0.049%	$14.2M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.280%	$5K	$9K	5.5x	as long as short