USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1118%/8h= −122.4% APRnext payment −$5.59 per $10,000 · paid last 24h −0.147%

Price spread now: SunX against Variational Omni+0.209%7-day average −0.087% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.281%−$28 on $10k

Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.209%, 7d avg −0.087%

Together, before fees−0.775%+ Points / potential airdropVariational Omni: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.295% dearer against Variational Omni than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of −0.087%): +$30 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 3 days (−0.281% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.281% in total (about -31.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.59 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	0.2814	0.1218	pay 0.0609% / 4h	33m 17s	$1.2M	$1.8M	—
Short	SunX USELESS-USDT	0.2820	0.0100	get 0.0050% / 4h	33m 17s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$234.73
Price spread: +0.209% → −0.087%: $29.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$213.19
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SunX: live order book, 11 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	3.55 bp	doesn't fit	24.8 bp −$248	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	44.65 bp	63.9 bp −$64	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	0.2813	−0.065%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2819	+0.152%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2815	+0.020%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2818	+0.120%	$34K	$156K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2820	+0.209%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2814	−0.001%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	−0.065%	$569K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2814	+0.001%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0235%	1h	0.2810	−0.157%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0282%	4h	0.2817	+0.084%	$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	+0.0340%	4h	0.2817	+0.099%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0386%	4h	0.2812	−0.086%	$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
MEXC USELESS_USDT	+0.0508%	4h	0.2820	+0.209%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0512%	4h	0.2818	+0.123%	$23.7M	$116.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2817	+0.094%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1040%	4h	0.2817	+0.081%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1057%	4h	0.2817	+0.088%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1112%	4h	0.2814	−0.003%	$647K	$2.3M	10x	as long as short
Variational Omni USELESSlong	+0.1218%	4h	0.2814	long leg	$1.2M	$1.8M	—
Orderly PERP_USELESS_USDC	+0.1344%	4h	0.2818	+0.138%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1381%	4h	0.2821	+0.223%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1538%	1h	0.2824	+0.344%	$14.0M	$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