USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0647%/8h= −70.8% APRnext payment −$3.24 per $10,000 · paid last 24h −0.049%

Price spread now: MEXC against Variational Omni+0.077%7-day average −0.099% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.077%, 7d avg −0.099%

Together, before fees−0.125%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.177% dearer against Variational Omni than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.099%): +$18 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 3 days (−0.107% in total) that is about 5.5 days.

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 -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.24 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	0.2823	0.1125	pay 0.0563% / 4h	3h 42m	$1.2M	$1.7M	—
Short	MEXC USELESS_USDT	0.2825	0.0478	get 0.0239% / 4h	3h 42m	$10.7M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 it

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 MEXCbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$135.87
Price spread: +0.077% → −0.099%: $17.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$126.17
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 5 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	5.32 bp	doesn't fit	26.6 bp −$266	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.35 bp	24.1 bp −$24	50.9 bp −$509	158.0 bp −$15.8K	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	0.2826	+0.102%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2825	+0.067%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2822	−0.029%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2823	+0.017%	$46K	$169K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2830	+0.262%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2818	−0.185%	$19K	$504K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2821	−0.068%	$592K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2831	+0.273%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0210%	4h	0.2824	+0.042%	$5.2M	$10.1M	12x	as long as short
Bitget USELESSUSDT	+0.0398%	4h	0.2825	+0.077%	$5.4M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0466%	4h	0.2817	−0.214%	$21K	$194K	10x	as long as short
MEXC USELESS_USDTshort	+0.0478%	4h	0.2825	+0.077%	$10.7M	$5.9M	50x
Binance USELESSUSDT	+0.0479%	4h	0.2825	+0.077%	$23.8M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2822	−0.017%	$297K	$1.2M	5x	as long as short
Gate USELESS_USDT	+0.0506%	4h	0.2821	−0.054%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−0.454%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1031%	4h	0.2825	+0.067%	$649K	$2.3M	10x	as long as short
Variational Omni USELESSlong	+0.1125%	4h	0.2823	long leg	$1.2M	$1.7M	—
Hyperliquid USELESS	+0.1184%	1h	0.2833	+0.343%	$14.2M	$21.1M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1292%	4h	0.2828	+0.166%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1499%	4h	0.2826	+0.127%	$27.8M	$45.9M	13x	as long as short
BloFin USELESS-USDT	+0.2221%	4h	0.2830	+0.251%	$1.2M	$2.0M	12x	as long as short
BingX USELESS-USDT	+0.2322%	4h	0.2824	+0.056%	—	$5.0M	—	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2990	+5.909%	$5K	$9K	5.5x	as long as short