USELESS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowUSELESS-USDC	0.1603	+0.0100	pay 0.0013% / 1h	11m 10s	$62K	$289K	12x	Long TxFlow5% off
SHORT	Variational OmniUSELESS	0.1604	+0.0100	get 0.0050% / 4h	1h 11m	$384K	$584K	50x	Short Variational Omni+15% pts

Price gap+0.052%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$5 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 forecast

Funding$00.0000% /8h now · paid −0.005% over the last 7D

Price+$5spread +0.052% now, avg −0.001% → +0.053% if it goes back

Costs−$860.856% of $10k · taker + slippage, in and out

Result−$81−0.81%+ Points / potential airdropTxFlow: points · Variational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+0.052%

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

/8h

USELESS on 29 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Watch: Thin at this size19.5 / 18.6 bp
At $10k entering TxFlow costs 19.5 bp, fee and slippage, 1.0× Variational Omni’s.
Note: Margin at max leverage$833 + $200
TxFlow 12x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short Variational Omni: 6 payments, +$3.00.
OK: Entry gap works for you+0.052% vs −0.001%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$62K vs $384K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Variational Omni points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Variational Omni No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0002%/8h × 21 periods−$0.46

Price spread+0.052% → −0.001% (7d avg)+$5.31

Slippage, 4 orderslive order books−$76.58

Fee TxFlow bp × 2 orders−$9.00

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$80.73

Costs to cover0.856%Break-evennever at this rate

Slippage: TxFlow: live order book, 7 min ago; Variational Omni: RFQ quote, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow3.4319.5 bp−$1997.8 bp−$978doesn’t fitdoesn’t fit

SELL · SHORTVariational Omni6.2018.6 bp−$1931.0 bp−$310doesn’t fitdoesn’t fit

Closing costs about the same again.

USELESS news

posts that mention USELESS, from every exchangeSearch all news →

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