data as of
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Funding arb /

USELESS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC−0.0063%/8h
next payment, per $10,000−$0.31paid, last 24h+0.005%paid, last 3 days−0.109%to open and closeno order book
Long on BingXShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.28970.0416pay 0.0208% / 4h2h 36m—$4.4M—
ShortVariational Omni USELESS0.28810.0353get 0.0177% / 4h2h 36m$1.2M$1.5M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$13.18
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$23.18
Break-even
never at this rate
Slippage unknown: BingX: live order book, 5 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.528%
Avg gap 7d
+0.128%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago2.77 bp12.2 bp −$1244.9 bp −$449293.4 bp −$29.3Kdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago6.94 bpdoesn't fit48.6 bp −$486doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$855$20K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$1.0M3xas long as short
Pacifica USELESS+0.0100%1h$29K$83K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.8M$57.9M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.8M$6.3M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.2M$7.6M12xas long as short
Bitget USELESSUSDT+0.0100%4h$5.5M$6.9M20xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$36K$694K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$28K$113K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT+0.0100%4h$21K$332K20xas long as short
Bybit USELESSUSDT+0.0126%4h$28.5M$36.8M13xas long as short
Aevo USELESS-PERP+0.0192%1h$10K—3xas long as short
Variational Omni USELESSshort+0.0353%4h$1.2M$1.5M—
BloFin USELESS-USDT+0.0394%4h$1.2M$1.7M12xas long as short
BingX USELESS-USDTlong+0.0416%4h—$4.4M—
edgeX USELESSUSDC+0.0423%4h$22K$185K10xas long as short
Extended USELESS-USD+0.0432%1h$269K$912K5xas long as short
MEXC USELESS_USDT+0.0434%4h$18.9M$4.8M50xas long as short
Binance USELESSUSDT+0.0436%4h$24.5M$91.8M50xas long as short
Phemex USELESSUSDT+0.0746%4h$533K$1.3M20xas long as short
Hyperliquid USELESS+0.0837%1h$14.0M$15.1M3xas long as short
Orderly PERP_USELESS_USDC+0.0953%4h$22K$1.4M10xas long as short
Aster USELESSUSDT+0.0999%4h$675K$1.6M10xas long as short