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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0122%/8h= −13.4% APRnext payment $0.61 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against Variational Omni+0.269%7-day average −0.118% · you sell dearer than you buy
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)−0.030%−$3 on $10k
Price spread, last 7 days−0.241%−$24 · spread now +0.269%, 7d avg −0.118%
Together, before fees−0.271%+ Points / potential airdropVariational Omni: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.387% dearer against Variational Omni than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of −0.118%): +$39 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 3 days (−0.030% in total) that is about 43 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.27970.0990pay 0.0495% / 4h3h 57m$1.2M$1.7M
ShortBingX USELESS-USDT0.28050.0868get 0.0434% / 4h3h 57m$5.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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
−$25.69
Price spread: +0.269% → −0.118%
$38.73
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$3.05
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 12 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 Variational Omni RFQ quote, 1 min ago5.35 bpdoesn't fit62.4 bp −$624doesn't fitdoesn't fit
Sell BingX live order book, 12 min ago3.38 bp15.0 bp −$1581.2 bp −$812427.9 bp −$42.8Kdoesn'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%1h0.2803+0.194%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2804+0.226%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2800+0.087%$9.8M$66.0M10xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2799+0.055%$39K$703K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2804+0.223%$42K$165K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2807+0.348%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2801+0.108%$18K$501K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2798+0.005%$584K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0168%4h0.2797+0.001%$5.2M$10.0M12xas long as short
Aevo USELESS-PERP+0.0200%1h0.2821+0.853%$10K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0280%4h0.2804+0.226%$5.3M$9.4M20xas long as short
edgeX USELESSUSDC+0.0466%4h0.2799+0.056%$21K$193K10xas long as short
MEXC USELESS_USDT+0.0476%4h0.2804+0.240%$10.5M$5.9M50xas long as short
Binance USELESSUSDT+0.0477%4h0.2803+0.205%$23.6M$116.2M50xas long as short
Extended USELESS-USD+0.0480%1h0.2806+0.293%$295K$834K5xas long as short
BingX USELESS-USDTshort+0.0868%4h0.2805+0.269%$5.0M
Variational Omni USELESSlong+0.0990%4h0.2797long leg$1.2M$1.7M
Aster USELESSUSDT+0.1029%4h0.2803+0.190%$644K$2.3M10xas long as short
Hyperliquid USELESS+0.1190%1h0.2809+0.426%$14.0M$21.1M3xas long as short
BloFin USELESS-USDT+0.1202%4h0.2814+0.587%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1315%4h0.2805+0.269%$22K$1.4M10xas long as short
Gate USELESS_USDT+0.2006%4h0.2803+0.201%$7.0M$8.2M50xas long as short
Bybit USELESSUSDT+0.3412%4h0.2804+0.237%$27.5M$45.7M13xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2966+6.031%$5K$9K5.5xas long as short