USELESS

Alert

Funding spread now, next payment 20:00 UTC+0.0023%/8h

next payment, per $10,000+$0.12paid, last 24h−0.028%paid, last 3 days+0.037%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2849	0.0467	pay 0.0233% / 4h	3h 23m	$1.2M	$1.5M	—
Short	edgeX USELESSUSDC	0.2837	0.0490	get 0.0245% / 4h	3h 23m	$22K	$184K	10x

Funding history

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latest

Position, each leg$Hold fordaysFee Variational OmnibpFee edgeXbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 20 min ago. Net counts fees only.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	7.02 bp	doesn't fit	45.6 bp −$456	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	0.85 bp	40.8 bp −$41	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$18K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$981K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$28K	$104K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.7M	$55.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.6M	$6.1M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.3M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$690K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$321K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	$507K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0194%	4h	$5.4M	$6.8M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Variational Omni USELESSlong	+0.0467%	4h	$1.2M	$1.5M	—
Extended USELESS-USD	+0.0480%	1h	$265K	$917K	5x	as long as short
MEXC USELESS_USDT	+0.0482%	4h	$18.0M	$4.7M	50x	as long as short
Binance USELESSUSDT	+0.0483%	4h	$24.1M	$89.4M	50x	as long as short
edgeX USELESSUSDCshort	+0.0490%	4h	$22K	$184K	10x
BingX USELESS-USDT	+0.0662%	4h	—	$4.3M	—	as long as short
Polymarket Perps USELESS-USD	+0.0789%	1h	$33K	$109K	3x	as long as short
Bybit USELESSUSDT	+0.0843%	4h	$27.9M	$36.6M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.0963%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.0992%	1h	$13.5M	$14.3M	3x	as long as short
BloFin USELESS-USDT	+0.1035%	4h	$1.2M	$1.7M	12x	as long as short
Aster USELESSUSDT	+0.1087%	4h	$644K	$1.4M	10x	as long as short