USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0558%/8h

next payment, per $10,000+$2.79paid, last 24h+0.048%paid, last 3 days+0.009%to open and closeno order book

Long on Bitget Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.009% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.79 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	Bitget USELESSUSDT	0.2780	0.0216	pay 0.0108% / 4h	2h 40m	$5.3M	$5.7M	20x
Short	Variational Omni USELESS	0.2783	0.0774	get 0.0387% / 4h	2h 40m	$1.2M	$1.3M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Variational OmnibpOrdersRate

Funding earned: $117.25
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $105.25
Break-even: 0.7 days

Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

Price risk

price view

Price gap now: +0.118%
Avg gap 7d: +0.118%

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 Bitget live order book, 5 min ago	3.41 bp	35.9 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	5.40 bp	doesn't fit	34.2 bp −$342	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	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$25K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.4M	$49.2M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$672K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$20K	$275K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$489K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0150%	1h	$12.3M	$12.5M	3x	as long as short
Bitget USELESSUSDTlong	+0.0216%	4h	$5.3M	$5.7M	20x
Aevo USELESS-PERP	+0.0216%	1h	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0536%	4h	$21K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0548%	4h	$16.5M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0549%	4h	$23.7M	$78.5M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	$261K	$911K	5x	as long as short
BingX USELESS-USDT	+0.0678%	4h	—	$3.7M	—	as long as short
Bybit USELESSUSDT	+0.0754%	4h	$27.2M	$30.9M	13x	as long as short
Variational Omni USELESSshort	+0.0774%	4h	$1.2M	$1.3M	—
Aster USELESSUSDT	+0.0872%	4h	$577K	$1.1M	10x	as long as short
BloFin USELESS-USDT	+0.0968%	4h	$1.2M	$1.5M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1104%	4h	$18K	$1.4M	10x	as long as short