USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.114%

Price spread now: Orderly against Variational Omni+0.003%48s7-day average −0.127% · you sell dearer than you buy

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.351%+$35 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.003%, 7d avg −0.127%

Together, before fees+0.223%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.130% dearer against Variational Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.127%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2814	0.1218	pay 0.0609% / 4h	35m 33s	$1.2M	$1.8M	—
Short	Orderly PERP_USELESS_USDC	0.2814	0.1336	get 0.0668% / 4h	35m 33s	$22K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.003%Rate

Funding earned: $24.81
Price spread: +0.003% → −0.127%: $13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $31.81
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Orderly: no order-book sample. 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	5.30 bp	doesn't fit	33.6 bp −$336	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2809	−0.175%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2809	−0.196%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2808	−0.225%	$9.8M	$66.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2811	−0.129%	$33K	$156K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2813	−0.044%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2810	−0.150%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2808	−0.221%	$568K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2815	+0.035%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0263%	1h	0.2826	+0.411%	$39K	$700K	25x	as long as short
KuCoin USELESSUSDTM	+0.0300%	4h	0.2806	−0.314%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0350%	4h	0.2810	−0.147%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0392%	4h	0.2803	−0.388%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0506%	4h	0.2813	−0.056%	$21K	$192K	10x	as long as short
Binance USELESSUSDT	+0.0510%	4h	0.2810	−0.147%	$23.6M	$116.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2810	−0.141%	$297K	$966K	5x	as long as short
MEXC USELESS_USDT	+0.0514%	4h	0.2810	−0.154%	$10.3M	$6.0M	50x	as long as short
BingX USELESS-USDT	+0.1040%	4h	0.2811	−0.132%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1073%	4h	0.2810	−0.164%	$27.7M	$45.6M	13x	as long as short
Aster USELESSUSDT	+0.1107%	4h	0.2810	−0.174%	$646K	$2.3M	10x	as long as short
Variational Omni USELESSlong	+0.1218%	4h	0.2814	long leg	$1.2M	$1.8M	—
Orderly PERP_USELESS_USDCshort	+0.1336%	4h	0.2814	+0.003%	$22K	$1.4M	10x
BloFin USELESS-USDT	+0.1401%	4h	0.2813	−0.036%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1500%	1h	0.2815	+0.006%	$13.9M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2995	+6.412%	$5K	$9K	5.5x	as long as short