Funding you earn now, next payment 00:00 UTC+0.0995%/8h= +108.9% APRnext payment +$4.97 per $10,000 · paid last 24h +0.028%
Price spread now: Variational Omni against MEXC+0.041%7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.080%+$8 on $10k
+Price spread, last 7 days−0.117%−$12 · spread now +0.041%, 7d avg +0.103%
=Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.062% cheaper against MEXC than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.103%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$30 a day). At the pace of the last 3 days (+0.080% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.080% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.97 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 | MEXC USELESS_USDT | 0.2727 | 0.0488 | pay 0.0244% / 4h | 1h 16m | $9.9M | $5.9M | 50x |
| Short | Variational Omni USELESS | 0.2728 | 0.1483 | get 0.0741% / 4h | 1h 16m | $1.1M | $1.8M | — |
MEXC USELESS_USDT
Variational Omni USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $208.89
- Price spread: +0.041% → +0.103%
- −$6.21
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $194.68
- Costs to cover
- 0.080%
- Break-even
- 0.5 days
Slippage unknown: MEXC: live order book, 1 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
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 MEXC live order book, 1 min ago | 1.83 bp | 10.7 bp −$11 | 56.2 bp −$562 | 175.5 bp −$17.6K | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 7.33 bp | doesn't fit | 88.0 bp −$880 | doesn't fit | doesn't fit |
USELESS on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2725 | −0.095% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2724 | −0.110% | $30K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2727 | −0.015% | $9.5M | $63.1M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2726 | −0.051% | $26K | $146K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2726 | −0.037% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2723 | −0.161% | $18K | $489K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2712 | −0.579% | $556K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2726 | −0.044% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0277% | 1h | 0.2731 | +0.136% | $38K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0320% | 4h | 0.2722 | −0.191% | $5.1M | $9.9M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0340% | 4h | 0.2723 | −0.172% | $6.8M | $8.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0483% | 4h | 0.2728 | +0.011% | $23.1M | $114.0M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0486% | 4h | 0.2727 | −0.015% | $5.2M | $9.1M | 20x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2726 | −0.056% | $287K | $965K | 5x | as long as short |
| MEXC USELESS_USDTlong | +0.0488% | 4h | 0.2727 | long leg | $9.9M | $5.9M | 50x | |
| edgeX USELESSUSDC | +0.0489% | 4h | 0.2733 | +0.226% | $20K | $191K | 10x | as long as short |
| Hyperliquid USELESS | +0.0823% | 1h | 0.2728 | +0.031% | $13.3M | $20.6M | 3x | as long as short |
| Aster USELESSUSDT | +0.1110% | 4h | 0.2726 | −0.044% | $639K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1274% | 4h | 0.2727 | +0.004% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1320% | 4h | 0.2726 | −0.040% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1361% | 4h | 0.2728 | +0.015% | $27.3M | $44.7M | 13x | as long as short |
| Variational Omni USELESSshort | +0.1483% | 4h | 0.2728 | +0.041% | $1.1M | $1.8M | — | |
| BloFin USELESS-USDT | +0.1837% | 4h | 0.2730 | +0.088% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2894 | +6.127% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP