Funding you earn now, next payment 00:00 UTC−0.0669%/8h= −73.3% APRnext payment −$3.35 per $10,000 · paid last 24h −0.030%
Price spread now: edgeX against Variational Omni+0.090%7-day average −0.068% · 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)−0.086%−$9 on $10k
+Price spread, last 3 days (all we have)+0.220%+$22 · spread now +0.090%, 7d avg −0.068%
=Together, before fees+0.134%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.158% dearer against Variational Omni than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.068%): +$16 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.086% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.086% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.35 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 | 0.2930 | 0.1330 | pay 0.0665% / 4h | 2h 15m | $1.2M | $1.7M | — |
| Short | edgeX USELESSUSDC | 0.2932 | 0.0661 | get 0.0330% / 4h | 2h 15m | $22K | $190K | 10x |
Variational Omni USELESS
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$140.5
- Price spread: +0.090% → −0.068%
- $15.75
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$133.75
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 6 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, 4 min ago | 5.09 bp | doesn't fit | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 1.53 bp | 160.6 bp −$161 | doesn't fit | 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 | 0.2921 | −0.287% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2914 | −0.518% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2921 | −0.287% | $10.5M | $65.5M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2924 | −0.178% | $29K | $138K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2931 | +0.040% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2921 | −0.298% | $20K | $384K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2911 | −0.618% | $582K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0238% | 4h | 0.2920 | −0.332% | $5.4M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2923 | −0.207% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0386% | 4h | 0.2918 | −0.400% | $7.3M | $7.8M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0396% | 1h | 0.2925 | −0.154% | $42K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0526% | 4h | 0.2922 | −0.246% | $5.6M | $8.8M | 20x | as long as short |
| Extended USELESS-USD | +0.0648% | 1h | 0.2923 | −0.219% | $308K | $968K | 5x | as long as short |
| Binance USELESSUSDT | +0.0650% | 4h | 0.2922 | −0.241% | $25.2M | $110.0M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0660% | 4h | 0.2923 | −0.233% | $10.3M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0661% | 4h | 0.2932 | +0.090% | $22K | $190K | 10x | |
| Orderly PERP_USELESS_USDC | +0.1179% | 4h | 0.2923 | −0.240% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1200% | 4h | 0.2924 | −0.182% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1237% | 4h | 0.2924 | −0.175% | $29.6M | $42.8M | 13x | as long as short |
| Variational Omni USELESSlong | +0.1330% | 4h | 0.2930 | long leg | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1381% | 4h | 0.2923 | −0.233% | $675K | $2.2M | 10x | as long as short |
| Hyperliquid USELESS | +0.1608% | 1h | 0.2928 | −0.055% | $15.0M | $19.7M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1617% | 4h | 0.2927 | −0.089% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3111 | +6.185% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP