USELESS

Alert

Funding spread now, next payment 13:00 UTC+0.0624%/8h

paid, last 24h+0.133%paid, last 3 days+0.033%to open and closeno order book

Long on Lighter Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.033% in total (about 4.2% a year). A funding rate is set anew for every payment. 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	Lighter USELESS	0.2782	0.0096	pay 0.0012% / 1h	32m 30s	$1.3M	$778K	3x
Short	Variational Omni USELESS	0.2762	0.0720	get 0.0360% / 4h	3h 32m	$1.2M	$1.2M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Variational OmnibpOrdersRate

Funding earned: $131.09
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $131.09
Break-even: 0.0 days

Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.730%
Avg gap 7d: +0.139%

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 Lighter live order book, 5 min ago	3.81 bp	16.3 bp −$16	61.8 bp −$618	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.43 bp	doesn't fit	45.2 bp −$452	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 USELESSlong	+0.0096%	1h	$1.3M	$778K	3x
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$48.0M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.0M	$5.4M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$39K	$673K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$195K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$262K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$470K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0216%	4h	$6.4M	$4.8M	50x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0256%	4h	$5.2M	$5.5M	20x	as long as short
Hyperliquid USELESS	+0.0262%	1h	$12.5M	$12.2M	3x	as long as short
edgeX USELESSUSDC	+0.0588%	4h	$21K	$182K	10x	as long as short
Extended USELESS-USD	+0.0600%	1h	$265K	$898K	5x	as long as short
MEXC USELESS_USDT	+0.0600%	4h	$16.0M	$3.9M	50x	as long as short
Binance USELESSUSDT	+0.0603%	4h	$23.6M	$76.1M	50x	as long as short
Variational Omni USELESSshort	+0.0720%	4h	$1.2M	$1.2M	—
Aster USELESSUSDT	+0.0825%	4h	$564K	$1.1M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1038%	4h	$18K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1572%	4h	—	$3.6M	—	as long as short
Bybit USELESSUSDT	+0.1627%	4h	$27.1M	$28.3M	13x	as long as short
BloFin USELESS-USDT	+0.1735%	4h	$1.2M	$1.5M	12x	as long as short