Funding you earn now, next payment 00:00 UTC−0.0219%/8h= −24.0% APRnext payment −$1.10 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against Variational Omni+1.321%7-day average −0.123% · 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)−0.030%−$3 on $10k
+Price spread, last 7 days−1.293%−$129 · spread now +1.321%, 7d avg −0.123%
=Together, before fees−1.323%+ Points / potential airdropVariational Omni: Active · farm board−$132 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 1.444% dearer against Variational Omni than usual: you sell high and buy low (spread +1.321% now, against its 7-day average of −0.123%): +$144 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 3 days (−0.030% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.030% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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 | 0.2730 | 0.1473 | pay 0.0737% / 4h | 1h 01m | $1.1M | $1.7M | — |
| Short | BingX USELESS-USDT | 0.2766 | 0.1254 | get 0.0627% / 4h | 1h 01m | — | $5.0M | — |
Variational Omni USELESS
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$46.04
- Price spread: +1.321% → −0.123%
- $144.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $88.41
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 14 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 | 5.48 bp | doesn't fit | 34.7 bp −$347 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 3.10 bp | 16.6 bp −$17 | 81.2 bp −$812 | 384.5 bp −$38.5K | 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 | 0.2760 | +1.105% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2749 | +0.713% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2767 | +1.358% | $9.7M | $64.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2750 | +0.728% | $29K | $151K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2750 | +0.724% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2749 | +0.717% | $18K | $491K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2756 | +0.951% | $555K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2755 | +0.923% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0216% | 1h | 0.2731 | +0.043% | $38K | $701K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0334% | 4h | 0.2758 | +1.043% | $5.1M | $9.9M | 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 | +0.0354% | 4h | 0.2759 | +1.061% | $6.9M | $8.2M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0440% | 4h | 0.2768 | +1.413% | $5.3M | $9.2M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0475% | 4h | 0.2740 | +0.375% | $20K | $192K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0492% | 4h | 0.2764 | +1.270% | $10.1M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0501% | 4h | 0.2767 | +1.373% | $23.4M | $114.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2767 | +1.371% | $290K | $966K | 5x | as long as short |
| Hyperliquid USELESS | +0.0891% | 1h | 0.2766 | +1.321% | $13.5M | $20.8M | 3x | as long as short |
| Aster USELESSUSDT | +0.1105% | 4h | 0.2763 | +1.225% | $635K | $2.2M | 10x | as long as short |
| BingX USELESS-USDTshort | +0.1254% | 4h | 0.2766 | +1.321% | — | $5.0M | — | |
| Bybit USELESSUSDT | +0.1283% | 4h | 0.2766 | +1.340% | $27.5M | $45.2M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1305% | 4h | 0.2759 | +1.079% | $21K | $1.4M | 10x | as long as short |
| Variational Omni USELESSlong | +0.1473% | 4h | 0.2730 | long leg | $1.1M | $1.7M | — | |
| BloFin USELESS-USDT | +0.1687% | 4h | 0.2763 | +1.211% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +6.029% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Hyperliquid USELESS
Aster USELESSUSDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Injective USELESS/USDC PERP