USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0541%/8h= −59.3% APRnext payment −$2.71 per $10,000 · paid last 24h −0.151%

Price spread now: Gate against Variational Omni+0.693%7-day average −0.207% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.258%−$26 on $10k

Price spread, last 7 days−0.738%−$74 · spread now +0.693%, 7d avg −0.207%

Together, before fees−0.995%+ Points / potential airdropVariational Omni: Active · farm board−$100 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.900% dearer against Variational Omni than usual: you sell high and buy low (spread +0.693% now, against its 7-day average of −0.207%): +$90 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 3 days (−0.258% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2540	0.0751	pay 0.0376% / 4h	32m 14s	$1.0M	$1.8M	—
Short	Gate USELESS_USDT	0.2558	0.0210	get 0.0105% / 4h	32m 14s	$6.4M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.693%Rate

Funding earned: −$113.67
Price spread: +0.693% → −0.207%: $89.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.68
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: 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, 2 min ago	3.91 bp	doesn't fit	97.8 bp −$978	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.44 bp	63.4 bp −$63	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	0.2560	+0.779%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2565	+0.980%	$11.4M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2568	+1.098%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2565	+0.964%	$34K	$221K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2563	+0.882%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2557	+0.669%	$17K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2563	+0.897%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2560	+0.776%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0209%	4h	0.2563	+0.897%	$8.9M	$63.0M	10x	as long as short
Gate USELESS_USDTshort	+0.0210%	4h	0.2558	+0.693%	$6.4M	$8.7M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0240%	4h	0.2563	+0.889%	$4.6M	$10.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0285%	1h	0.2553	+0.500%	$33K	$697K	25x	as long as short
Bitget USELESSUSDT	+0.0368%	4h	0.2561	+0.807%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	+0.504%	$19K	$196K	10x	as long as short
Extended USELESS-USD	+0.0464%	1h	0.2562	+0.837%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2565	+0.972%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0466%	4h	0.2564	+0.933%	$21.4M	$123.4M	50x	as long as short
Aster USELESSUSDT	+0.0515%	4h	0.2565	+0.991%	$508K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0557%	4h	0.2562	+0.870%	$24.6M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0584%	4h	0.2563	+0.905%	—	$5.3M	—	as long as short
Variational Omni USELESSlong	+0.0751%	4h	0.2540	long leg	$1.0M	$1.8M	—
BloFin USELESS-USDT	+0.0804%	4h	0.2565	+0.952%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1324%	4h	0.2564	+0.937%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+6.452%	$5K	$11K	5.5x	as long as short