Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0817%/8h= −89.5% APRpaid last 24h −0.162%
Price spread now: Pacifica against Variational Omni−0.298%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Pacifica is 0.298% cheaper against Variational Omni than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.28530.0917pay 0.0459% / 4h2h 51m$1.2M$1.7M
ShortPacifica USELESS0.28440.0100get 0.0013% / 1h51m 08s$32K$69K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
−$171.66
Price spread: −0.298% → 0.000%
−$29.83
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$209.48
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago5.32 bpdoesn't fit108.1 bp −$1,081doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2852−0.014%$1.3M$1.1M3xas long as short
Pacifica USELESSshort+0.0100%1h0.2844−0.298%$32K$69K3x
OKX USELESS-USDT-SWAP+0.0100%4h0.2843−0.316%$10.0M$67.5M10xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2854+0.070%$5.3M$10.2M12xas long as short
SunX USELESS-USDT+0.0100%4h0.2846−0.218%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2852−0.004%$19K$515K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2847−0.197%$602K$1.2M20xas long as short
ApeX Omni USELESSUSDT+0.0108%1h0.2827−0.894%$39K$698K25xas long as short
Gate USELESS_USDT+0.0112%4h0.2841−0.417%$7.1M$8.3M50xas long as short
Aevo USELESS-PERP+0.0208%1h0.2856+0.135%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDC+0.0470%4h0.2832−0.714%$21K$194K10xas long as short
MEXC USELESS_USDT+0.0486%4h0.2853+0.017%$11.1M$6.0M50xas long as short
Extended USELESS-USD+0.0504%1h0.2858+0.178%$300K$1.2M5xas long as short
Binance USELESSUSDT+0.0505%4h0.2844−0.288%$24.0M$117.6M50xas long as short
Bitget USELESSUSDT+0.0574%4h0.2842−0.382%$5.4M$9.9M20xas long as short
Polymarket Perps USELESS-USD+0.0594%1h0.2849−0.123%$44K$184K3xas long as short
Bybit USELESSUSDT+0.0661%4h0.2844−0.295%$27.7M$46.7M13xas long as short
BingX USELESS-USDT+0.0744%4h0.2847−0.186%$5.1Mas long as short
Variational Omni USELESSlong+0.0917%4h0.2853long leg$1.2M$1.7M
BloFin USELESS-USDT+0.0964%4h0.2850−0.084%$1.2M$2.1M12xas long as short
Aster USELESSUSDT+0.1052%4h0.2846−0.237%$654K$2.3M10xas long as short
Hyperliquid USELESS+0.1096%1h0.2853+0.017%$14.2M$21.1M3xas long as short
Orderly PERP_USELESS_USDC+0.1263%4h0.2860+0.252%$22K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2984+4.620%$5K$9K5.5xas long as short