Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1263%/8h= +138.3% APRnext payment +$6.31 per $10,000 · paid last 24h +0.147%
Price spread now: Variational Omni against SunX−0.190%45s7-day average +0.087% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.281%+$28 on $10k
Price spread, last 3 days (all we have)+0.476%+$48 · spread now −0.190%, 7d avg +0.087%
Together, before fees+0.757%+ Points / potential airdropVariational Omni: Active · farm board+$76 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.277% cheaper against SunX than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of +0.087%). If the spread goes back, that is −$28 on $10k: about 18 hours of funding at the current rate (+$38 a day). At the pace of the last 3 days (+0.281% in total) that is about 3.3 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.281% in total (about 31.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USELESS-USDT0.28390.0100pay 0.0050% / 4h49m 36s$1.4M10x
ShortVariational Omni USELESS0.28330.1363get 0.0681% / 4h49m 36s$1.2M$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$265.15
Price spread: −0.190% → +0.087%
−$27.71
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$229.44
Costs to cover
0.080%
Break-even
0.9 days
Slippage unknown: SunX: live order book, 5 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago37.84 bp142.2 bp −$142doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.55 bpdoesn't fit42.6 bp −$426doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2846+0.236%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2845+0.218%$32K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2848+0.310%$9.9M$66.8M10xas long as short
SunX USELESS-USDTlong+0.0100%4h0.2839long leg$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2838−0.042%$19K$493K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2836−0.095%$570K$1.2M20xas long as short
Polymarket Perps USELESS-USD+0.0152%1h0.2838−0.025%$31K$153K3xas long as short
Aevo USELESS-PERP+0.0216%1h0.2839+0.002%$10K3xas long as short
KuCoin USELESSUSDTM+0.0338%4h0.2844+0.201%$5.2M$9.9M12xas long as short
Bitget USELESSUSDT+0.0422%4h0.2849+0.377%$5.4M$9.3M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0480%4h0.2846+0.264%$7.1M$8.2M50xas long as short
ApeX Omni USELESSUSDT+0.0504%1h0.2822−0.592%$39K$702K25xas long as short
edgeX USELESSUSDC+0.0529%4h0.2841+0.082%$21K$192K10xas long as short
MEXC USELESS_USDT+0.0534%4h0.2849+0.345%$10.5M$5.9M50xas long as short
Extended USELESS-USD+0.0536%1h0.2848+0.339%$298K$966K5xas long as short
Binance USELESSUSDT+0.0543%4h0.2853+0.503%$24.0M$115.5M50xas long as short
BingX USELESS-USDT+0.1162%4h0.2849+0.377%$5.0Mas long as short
Aster USELESSUSDT+0.1165%4h0.2841+0.071%$653K$2.3M10xas long as short
Bybit USELESSUSDT+0.1216%4h0.2848+0.321%$28.2M$45.4M13xas long as short
Orderly PERP_USELESS_USDC+0.1338%4h0.2840+0.028%$22K$1.4M10xas long as short
Variational Omni USELESSshort+0.1363%4h0.2833−0.190%$1.2M$1.7M
Hyperliquid USELESS+0.1497%1h0.2850+0.398%$14.1M$20.9M3xas long as short
BloFin USELESS-USDT+0.1572%4h0.2842+0.120%$1.2M$2.0M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2988+5.263%$5K$9K5.5xas long as short