USELESS

Alert

Funding spread now, next payment 19:00 UTC+0.0246%/8h

paid, last 24h+0.108%paid, last 3 days+0.065%to open and closeno order book

Long on ApeX Omni Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.065% in total (about 7.7% a year). A funding rate is set anew for every payment. 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	ApeX Omni USELESSUSDT	0.2836	0.0100	pay 0.0013% / 1h	31m 46s	$35K	$695K	25x
Short	Variational Omni USELESS	0.2829	0.0346	get 0.0173% / 4h	1h 31m	$1.2M	$1.5M	—

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Variational OmnibpOrdersRate

Funding earned: $51.75
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $41.75
Break-even: 1.4 days

Slippage unknown: ApeX Omni: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.231%
Avg gap 7d: +0.104%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 ApeX Omni live order book, 3 min ago	10.58 bp	18.4 bp −$18	97.7 bp −$977	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	7.05 bp	doesn't fit	49.3 bp −$493	doesn't fit	doesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$855	$14K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$945K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$32K	$76K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$57.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.5M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.1M	$8.0M	12x	as long as short
ApeX Omni USELESSUSDTlong	+0.0100%	1h	$35K	$695K	25x
Polymarket Perps USELESS-USD	+0.0100%	1h	$27K	$120K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$339K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$524K	$1.3M	20x	as long as short
Bitget USELESSUSDT	+0.0172%	4h	$5.4M	$7.1M	20x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0305%	4h	$27.8M	$37.3M	13x	as long as short
Variational Omni USELESSshort	+0.0346%	4h	$1.2M	$1.5M	—
edgeX USELESSUSDC	+0.0362%	4h	$22K	$187K	10x	as long as short
MEXC USELESS_USDT	+0.0372%	4h	$18.9M	$5.0M	50x	as long as short
Binance USELESSUSDT	+0.0373%	4h	$24.2M	$93.4M	50x	as long as short
Extended USELESS-USD	+0.0376%	1h	$260K	$920K	5x	as long as short
BingX USELESS-USDT	+0.0378%	4h	—	$4.4M	—	as long as short
BloFin USELESS-USDT	+0.0523%	4h	$1.2M	$1.7M	12x	as long as short
Hyperliquid USELESS	+0.0705%	1h	$13.8M	$15.6M	3x	as long as short
Aster USELESSUSDT	+0.0838%	4h	$590K	$1.8M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.0903%	4h	$22K	$1.4M	10x	as long as short