USELESS

Alert

Funding spread now, next payment 16:00 UTC+0.0590%/8h

next payment, per $10,000+$2.95paid, last 24h+0.073%paid, last 3 days−0.143%to open and closeno order book

Long on KuCoin Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.143% in total (about -17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.95 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	KuCoin USELESSUSDTM	0.2743	0.0100	pay 0.0050% / 4h	1h 46m	$4.9M	$6.0M	12x
Short	Variational Omni USELESS	0.2772	0.0690	get 0.0345% / 4h	1h 46m	$1.2M	$1.4M	—

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee Variational OmnibpOrdersRate

Funding earned: $123.89
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $111.89
Break-even: 0.7 days

Slippage unknown: KuCoin: live order book, 8 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +1.075%
Avg gap 7d: +0.156%

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 KuCoin live order book, 8 min ago	3.08 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	5.40 bp	doesn't fit	37.8 bp −$378	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	$835K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$27K	$103K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.3M	$49.1M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.3M	$5.2M	50x	as long as short
KuCoin USELESSUSDTMlong	+0.0100%	4h	$4.9M	$6.0M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$41K	$679K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$53K	$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	$287K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$493K	$1.4M	20x	as long as short
Bitget USELESSUSDT	+0.0186%	4h	$5.3M	$5.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0241%	1h	$11.9M	$12.9M	3x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	$21K	$184K	10x	as long as short
Extended USELESS-USD	+0.0472%	1h	$258K	$915K	5x	as long as short
Bybit USELESSUSDT	+0.0474%	4h	$26.7M	$31.7M	13x	as long as short
MEXC USELESS_USDT	+0.0474%	4h	$16.5M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0476%	4h	$23.3M	$80.2M	50x	as long as short
BingX USELESS-USDT	+0.0508%	4h	—	$3.8M	—	as long as short
Variational Omni USELESSshort	+0.0690%	4h	$1.2M	$1.4M	—
BloFin USELESS-USDT	+0.0759%	4h	$1.2M	$1.5M	12x	as long as short
Aster USELESSUSDT	+0.0867%	4h	$578K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	$18K	$1.4M	10x	as long as short