USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h −0.148%

Price spread now: Polymarket Perps against Variational Omni+0.576%7-day average −0.063% · you sell dearer than you buy

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.407%−$41 on $10k

Price spread, last 7 days−0.604%−$60 · spread now +0.576%, 7d avg −0.063%

Together, before fees−1.010%+ Points / potential airdropVariational Omni: Active · farm board−$101 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.639% dearer against Variational Omni than usual: you sell high and buy low (spread +0.576% now, against its 7-day average of −0.063%): +$64 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2676	0.0499	pay 0.0249% / 4h	2h 43m	$1.1M	$1.8M	—
Short	Polymarket Perps USELESS-USD	0.2691	0.0100	get 0.0013% / 1h	43m 51s	$26K	$244K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.576%Rate

Funding earned: −$83.75
Price spread: +0.576% → −0.063%: $63.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.82
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Polymarket Perps: live order book, 3 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, just now	5.57 bp	doesn't fit	61.3 bp −$613	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.37 bp	75.2 bp −$75	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	0.2690	+0.554%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2691	+0.573%	$11.7M	$22.5M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2686	+0.400%	$526K	$2.3M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2692	+0.599%	$29K	$18K	3x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2691	+0.576%	$26K	$244K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2692	+0.632%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2690	+0.543%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2692	+0.632%	$637K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0114%	4h	0.2691	+0.561%	$5.1M	$10.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0131%	4h	0.2690	+0.550%	$9.1M	$65.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0136%	1h	0.2685	+0.356%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0144%	4h	0.2687	+0.427%	$4.9M	$10.6M	12x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2688	+0.456%	$114K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0226%	4h	0.2690	+0.524%	$22.4M	$121.5M	50x	as long as short
MEXC USELESS_USDT	+0.0234%	4h	0.2688	+0.475%	$10.8M	$6.0M	50x	as long as short
edgeX USELESSUSDC	+0.0243%	4h	0.2683	+0.260%	$20K	$197K	10x	as long as short
Bybit USELESSUSDT	+0.0410%	4h	0.2690	+0.539%	$25.4M	$48.3M	13x	as long as short
BingX USELESS-USDT	+0.0438%	4h	0.2688	+0.475%	—	$5.3M	—	as long as short
Variational Omni USELESSlong	+0.0499%	4h	0.2676	long leg	$1.1M	$1.8M	—
Gate USELESS_USDT	+0.0514%	4h	0.2682	+0.225%	$6.7M	$8.5M	50x	as long as short
BloFin USELESS-USDT	+0.0600%	4h	0.2686	+0.389%	$1.1M	$2.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0823%	1h	0.2681	+0.203%	$47K	$698K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1211%	4h	0.2690	+0.543%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+5.629%	$5K	$11K	5.5x	as long as short