Funding you earn now, next payment 01:00 UTC−0.0543%/8h= −59.4% APRpaid last 24h −0.052%
Price spread now: Extended against Variational Omni+1.020%7-day average −0.297% · 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)−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)−3.974%−$397 · spread now +1.020%, 7d avg −0.297%
=Together, before fees−4.075%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$408 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 1.317% dearer against Variational Omni than usual: you sell high and buy low (spread +1.020% now, against its 7-day average of −0.297%): +$132 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 3 days (−0.101% in total) that is about 44 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.101% in total (about -11.0% a year). A funding rate is set anew for every payment. 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 | 0.2792 | 0.1015 | pay 0.0507% / 4h | 3h 46m | $1.2M | $1.7M | — |
| Short | Extended USELESS-USD | 0.2820 | 0.0472 | get 0.0059% / 1h | 46m 53s | $297K | $1.0M | 5x |
Variational Omni USELESS
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$113.96
- Price spread: +1.020% → −0.297%
- $131.7
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $12.75
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Extended: live order book, 26 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, 2 min ago | 5.36 bp | doesn't fit | 33.9 bp −$339 | doesn't fit | doesn't fit |
| Sell Extended live order book, 26 min ago | 81.54 bp | 100.0 bp −$100 | 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 | 0.2818 | +0.927% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2814 | +0.791% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2818 | +0.952% | $9.9M | $66.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2815 | +0.848% | $45K | $168K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2820 | +1.017% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2808 | +0.583% | $18K | $503K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2809 | +0.637% | $590K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2821 | +1.063% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0220% | 4h | 0.2817 | +0.906% | $5.2M | $10.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0354% | 4h | 0.2822 | +1.092% | $5.4M | $9.5M | 20x | 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
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0442% | 4h | 0.2799 | +0.250% | $21K | $193K | 10x | as long as short |
| Extended USELESS-USDshort | +0.0472% | 1h | 0.2820 | +1.020% | $297K | $1.0M | 5x | |
| MEXC USELESS_USDT | +0.0474% | 4h | 0.2821 | +1.035% | $10.6M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0475% | 4h | 0.2821 | +1.035% | $23.8M | $116.1M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0646% | 1h | 0.2795 | +0.118% | $39K | $702K | 25x | as long as short |
| Gate USELESS_USDT | +0.0998% | 4h | 0.2815 | +0.830% | $7.1M | $8.3M | 50x | as long as short |
| Variational Omni USELESSlong | +0.1015% | 4h | 0.2792 | long leg | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1030% | 4h | 0.2816 | +0.853% | $646K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1249% | 1h | 0.2825 | +1.178% | $14.1M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1300% | 4h | 0.2823 | +1.110% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.2143% | 4h | 0.2818 | +0.941% | $1.2M | $2.0M | 12x | as long as short |
| BingX USELESS-USDT | +0.2322% | 4h | 0.2820 | +1.017% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.2590% | 4h | 0.2820 | +1.017% | $27.7M | $45.9M | 13x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2983 | +6.848% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
ApeX Omni USELESSUSDT
Gate USELESS_USDT
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
BingX USELESS-USDT
Bybit USELESSUSDT
Injective USELESS/USDC PERP