Funding you earn now, next payment 00:00 UTC−0.1088%/8h= −119.2% APRnext payment −$5.44 per $10,000 · paid last 24h −0.120%
Price spread now: KuCoin against Variational Omni−0.222%7-day average −0.151% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.107%−$11 on $10k
+Price spread, last 7 days+0.329%+$33 · spread now −0.222%, 7d avg −0.151%
=Together, before fees+0.223%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and KuCoin is 0.071% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.107% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.44 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 | 0.2853 | 0.1388 | pay 0.0694% / 4h | 2h 02m | $1.2M | $1.8M | — |
| Short | KuCoin USELESSUSDTM | 0.2847 | 0.0300 | get 0.0150% / 4h | 2h 02m | $5.3M | $9.7M | 12x |
Variational Omni USELESS
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$228.56
- Price spread: −0.222% → −0.151%
- −$7.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$247.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: 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, 1 min ago | 3.50 bp | doesn't fit | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 8.97 bp | 48.5 bp −$49 | 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 | 0.2849 | −0.134% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2850 | −0.120% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2845 | −0.292% | $10.1M | $64.2M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2863 | +0.339% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2861 | +0.273% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2858 | +0.185% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2837 | −0.586% | $572K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2855 | +0.078% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0300% | 4h | 0.2847 | −0.222% | $5.3M | $9.7M | 12x | |
| ApeX Omni USELESSUSDT | +0.0327% | 1h | 0.2850 | −0.113% | $41K | $698K | 25x | 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 USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0424% | 4h | 0.2846 | −0.243% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2847 | −0.204% | $5.5M | $8.8M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0588% | 4h | 0.2856 | +0.087% | $21K | $190K | 10x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.2848 | −0.198% | $300K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0602% | 4h | 0.2851 | −0.078% | $10.0M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0604% | 4h | 0.2850 | −0.113% | $24.3M | $110.8M | 50x | as long as short |
| BingX USELESS-USDT | +0.1140% | 4h | 0.2848 | −0.194% | — | $4.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1217% | 4h | 0.2862 | +0.304% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1291% | 4h | 0.2854 | +0.032% | $661K | $2.2M | 10x | as long as short |
| Variational Omni USELESSlong | +0.1388% | 4h | 0.2853 | long leg | $1.2M | $1.8M | — | |
| Bybit USELESSUSDT | +0.1428% | 4h | 0.2847 | −0.218% | $28.9M | $43.1M | 13x | as long as short |
| Hyperliquid USELESS | +0.1517% | 1h | 0.2854 | +0.037% | $14.6M | $19.8M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1696% | 4h | 0.2862 | +0.322% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.369% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP