data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

USELESS

all USELESS markets
SwapPrice view
Alert
Measured
My alerts

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−0.0057%/8h
next payment, per $10,000−$0.28paid, last 24h+0.017%paid, last 3 days−0.078%to open and closeno order book
Long on BybitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USELESSUSDT0.28080.0831pay 0.0415% / 4h2h 37m$27.5M$30.9M13x
ShortVariational Omni USELESS0.27830.0774get 0.0387% / 4h2h 37m$1.2M$1.3M—

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$11.88
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$22.88
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.905%
Avg gap 7d
+0.150%
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 Bybit live order book, 2 min ago1.26 bp19.8 bp −$2044.1 bp −$441doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago5.40 bpdoesn't fit34.2 bp −$342doesn'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$25K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$822K3xas long as short
Pacifica USELESS+0.0100%1h$26K$101K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.6M$49.7M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.0M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$5.7M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$42K$671K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$275K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$495K$1.3M20xas long as short
Hyperliquid USELESS+0.0211%1h$12.4M$12.5M3xas long as short
Aevo USELESS-PERP+0.0216%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0220%4h$5.3M$5.7M20xas long as short
edgeX USELESSUSDC+0.0536%4h$21K$182K10xas long as short
Extended USELESS-USD+0.0544%1h$262K$911K5xas long as short
Binance USELESSUSDT+0.0546%4h$24.0M$78.5M50xas long as short
MEXC USELESS_USDT+0.0546%4h$16.7M$4.1M50xas long as short
BingX USELESS-USDT+0.0697%4h—$3.7M—as long as short
Variational Omni USELESSshort+0.0774%4h$1.2M$1.3M—
Bybit USELESSUSDTlong+0.0831%4h$27.5M$30.9M13x
Aster USELESSUSDT+0.0876%4h$580K$1.1M10xas long as short
BloFin USELESS-USDT+0.0994%4h$1.2M$1.5M12xas long as short
Orderly PERP_USELESS_USDC+0.1112%4h$18K$1.4M10xas long as short