USELESS

Alert

Funding spread now, next payment 17:00 UTC+0.0029%/8h

paid, last 24h−0.030%paid, last 3 days+0.056%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 25m	$1.2M	$1.5M	—
Short	Extended USELESS-USD	0.2839	0.0496	get 0.0062% / 1h	25m 17s	$265K	$917K	5x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee Variational OmnibpFee ExtendedbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, just now; Extended: live order book, 19 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, just now	7.02 bp	doesn't fit	45.6 bp −$456	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	61.16 bp	82.3 bp −$82	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	$953K	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	$55.5M	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	$7.2M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$37K	$689K	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	+0.0120%	4h	$508K	$1.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0200%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0202%	4h	$5.4M	$6.8M	20x	as long as short
Variational Omni USELESSlong	+0.0467%	4h	$1.2M	$1.5M	—
Binance USELESSUSDT	+0.0493%	4h	$24.1M	$89.2M	50x	as long as short
Extended USELESS-USDshort	+0.0496%	1h	$265K	$917K	5x
MEXC USELESS_USDT	+0.0496%	4h	$18.0M	$4.7M	50x	as long as short
edgeX USELESSUSDC	+0.0498%	4h	$22K	$184K	10x	as long as short
BingX USELESS-USDT	+0.0662%	4h	—	$4.2M	—	as long as short
Bybit USELESSUSDT	+0.0756%	4h	$27.9M	$36.5M	13x	as long as short
Polymarket Perps USELESS-USD	+0.0807%	1h	$33K	$112K	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0968%	4h	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.0972%	1h	$13.5M	$14.4M	3x	as long as short
Aster USELESSUSDT	+0.1102%	4h	$675K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1121%	4h	$1.2M	$1.7M	12x	as long as short