data as of
Settings8H · net · $10k
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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 16:00 UTC−0.0090%/8h
next payment, per $10,000−$0.45paid, last 24h−0.059%paid, last 3 days−0.604%to open and closeno order book
Long on BloFinShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.27790.0690pay 0.0345% / 4h51m 40s$1.2M$1.6M12x
ShortVariational Omni USELESS0.27540.0600get 0.0300% / 4h51m 40s$1.2M$1.5M—

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$18.95
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$30.95
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.893%
Avg gap 7d
+0.108%
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 BloFin live order book, 3 min ago1.08 bp9.4 bp −$925.3 bp −$253doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago5.44 bpdoesn't fit38.1 bp −$381doesn'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$3K$18K5.5xas long as short
Polymarket Perps USELESS-USD−0.2418%1h$54K$167K3xas long as short
Lighter USELESS+0.0096%1h$1.3M$773K3xas long as short
Pacifica USELESS+0.0100%1h$28K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.4M$51.4M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.5M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.5M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$41K$679K25xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$301K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$504K$1.4M20xas long as short
Aevo USELESS-PERP+0.0184%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0230%4h$5.3M$6.2M20xas long as short
edgeX USELESSUSDC+0.0411%4h$21K$183K10xas long as short
MEXC USELESS_USDT+0.0430%4h$16.9M$4.2M50xas long as short
Binance USELESSUSDT+0.0430%4h$23.6M$82.7M50xas long as short
Extended USELESS-USD+0.0432%1h$262K$915K5xas long as short
Bybit USELESSUSDT+0.0459%4h$27.0M$33.2M13xas long as short
BingX USELESS-USDT+0.0472%4h—$3.9M—as long as short
Variational Omni USELESSshort+0.0600%4h$1.2M$1.5M—
BloFin USELESS-USDTlong+0.0690%4h$1.2M$1.6M12x
Aster USELESSUSDT+0.0904%4h$607K$1.2M10xas long as short
Hyperliquid USELESS+0.0963%1h$12.1M$13.0M3xas long as short
Orderly PERP_USELESS_USDC+0.1085%4h$18K$1.4M10xas long as short