USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0415%/8h= +45.4% APRnext payment +$2.07 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Variational Omni+1.029%7-day average −0.126% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$7 on $10k

Price spread, last 7 days−1.005%−$101 · spread now +1.029%, 7d avg −0.126%

Together, before fees−1.070%+ Points / potential airdropVariational Omni: Active · farm board−$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 1.154% dearer against Variational Omni than usual: you sell high and buy low: +$115 more if the spread goes back to its 7-day average of −0.126%. Mind the row above: over the last 4 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.065% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 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	0.2978	0.0937	pay 0.0469% / 4h	3h 23m	$1.2M	$1.9M	—
Short	Bybit USELESSUSDT	0.3008	0.1352	get 0.0676% / 4h	3h 23m	$29.8M	$53.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +1.029%Rate

Funding earned: $87.13
Price spread: +1.029% → −0.126%: $115.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $191.55
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, 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 Variational Omni RFQ quote, 1 min ago	6.71 bp	doesn't fit	36.9 bp −$369	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.17 bp	15.4 bp −$15	40.7 bp −$407	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	0.3008	+1.025%	$1.4M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2994	+0.548%	$32K	$19K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2996	+0.629%	$7.5M	$9.1M	50x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.3010	+1.086%	$5.8M	$11.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2994	+0.565%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.3008	+1.009%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.3013	+1.187%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.3008	+1.005%	$684K	$1.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0101%	4h	0.3011	+1.123%	$11.0M	$79.3M	10x	as long as short
KuCoin USELESSUSDTM	+0.0134%	4h	0.3004	+0.898%	$5.5M	$11.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0216%	1h	0.3000	+0.769%	$11K	—	3x	as long as short
Aster USELESSUSDT	+0.0337%	4h	0.3008	+1.019%	$628K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0524%	4h	0.2987	+0.329%	$22K	$199K	10x	as long as short
Extended USELESS-USD	+0.0536%	1h	0.3005	+0.908%	$284K	$1.7M	5x	as long as short
MEXC USELESS_USDT	+0.0538%	4h	0.3009	+1.066%	$14.6M	$6.8M	50x	as long as short
Binance USELESSUSDT	+0.0540%	4h	0.3010	+1.091%	$25.8M	$134.2M	50x	as long as short
Variational Omni USELESSlong	+0.0937%	4h	0.2978	long leg	$1.2M	$1.9M	—
Orderly PERP_USELESS_USDC	+0.0959%	4h	0.3004	+0.891%	$22K	$1.9M	10x	as long as short
ApeX Omni USELESSUSDT	+0.1037%	1h	0.2979	+0.048%	$55K	$699K	25x	as long as short
Hyperliquid USELESS	+0.1135%	1h	0.3001	+0.794%	$13.5M	$24.1M	3x	as long as short
Bybit USELESSUSDTshort	+0.1352%	4h	0.3008	+1.029%	$29.8M	$53.6M	13x
BingX USELESS-USDT	+0.1358%	4h	0.3012	+1.156%	—	$5.6M	—	as long as short
BloFin USELESS-USDT	+0.1826%	4h	0.3010	+1.096%	$1.3M	$2.4M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3176	+6.654%	$5K	$11K	5.5x	as long as short