Funding you earn now, next payment 00:00 UTC−0.0831%/8h= −90.9% APRnext payment −$4.15 per $10,000 · paid last 24h −0.029%
Price spread now: Binance against Variational Omni+0.147%7-day average −0.105% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.081%−$8 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.147%, 7d avg −0.105%
=Together, before fees−0.181%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.252% dearer against Variational Omni than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.105%): +$25 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 3 days (−0.081% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.081% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.15 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 | Variational Omni USELESS | 0.2857 | 0.1422 | pay 0.0711% / 4h | 1h 55m | $1.2M | $1.8M | — |
| Short | Binance USELESSUSDT | 0.2861 | 0.0592 | get 0.0296% / 4h | 1h 55m | $24.4M | $111.1M | 50x |
Variational Omni USELESS
Binance USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Variational Omni. 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
- −$174.41
- Price spread: +0.147% → −0.105%
- $25.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$159.19
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Binance: live order book, 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 Variational Omni RFQ quote, 3 min ago | 5.24 bp | doesn't fit | 40.2 bp −$402 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.35 bp | 17.3 bp −$17 | 97.5 bp −$975 | 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 | 0.2862 | +0.155% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2872 | +0.505% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2859 | +0.061% | $10.1M | $64.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2868 | +0.369% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2865 | +0.285% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2867 | +0.344% | $20K | $389K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2844 | −0.472% | $577K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2863 | +0.209% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0270% | 1h | 0.2851 | −0.213% | $41K | $698K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0294% | 4h | 0.2860 | +0.096% | $5.3M | $9.7M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0326% | 4h | 0.2855 | −0.062% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2859 | +0.078% | $5.5M | $8.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0571% | 4h | 0.2869 | +0.414% | $21K | $189K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0590% | 4h | 0.2862 | +0.183% | $10.1M | $5.7M | 50x | as long as short |
| Binance USELESSUSDTshort | +0.0592% | 4h | 0.2861 | +0.147% | $24.4M | $111.1M | 50x | |
| Extended USELESS-USD | +0.0592% | 1h | 0.2860 | +0.109% | $301K | $968K | 5x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1225% | 4h | 0.2863 | +0.190% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1274% | 1h | 0.2865 | +0.278% | $14.7M | $19.8M | 3x | as long as short |
| Aster USELESSUSDT | +0.1282% | 4h | 0.2860 | +0.086% | $662K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2860 | +0.117% | — | $4.9M | — | as long as short |
| Variational Omni USELESSlong | +0.1422% | 4h | 0.2857 | long leg | $1.2M | $1.8M | — | |
| Bybit USELESSUSDT | +0.1440% | 4h | 0.2862 | +0.180% | $29.0M | $43.2M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1853% | 4h | 0.2861 | +0.152% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3032 | +6.126% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP