USELESS

Alert

Funding spread now, next payment 16:00 UTC−0.0739%/8h

next payment, per $10,000−$3.69paid, last 24h−0.073%paid, last 3 days+0.143%to open and closeno order book

Long on Variational Omni Short on KuCoin

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.143% in total (about 18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.69 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	Variational Omni USELESS	0.2813	0.0839	pay 0.0419% / 4h	2h 35m	$1.2M	$1.3M	—
Short	KuCoin USELESSUSDTM	0.2793	0.0100	get 0.0050% / 4h	2h 35m	$5.0M	$5.7M	12x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee KuCoinbpOrdersRate

Funding earned: −$155.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.18
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; KuCoin: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.685%
Avg gap 7d: −0.156%

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

Backtest

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

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 Variational Omni RFQ quote, just now	5.36 bp	doesn't fit	44.7 bp −$447	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	2.34 bp	110.3 bp −$110	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective USELESS/USDC PERP	−0.5000%	1h	$3K	$25K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$822K	3x	as long as short
Pacifica USELESS	+0.0100%	1h	$26K	$101K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.5M	$49.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.4M	$5.0M	50x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	$5.0M	$5.7M	12x
ApeX Omni USELESSUSDT	+0.0100%	1h	$42K	$671K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$54K	$201K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	$21K	$276K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex USELESSUSDT	+0.0100%	4h	$496K	$1.3M	20x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0232%	4h	$5.3M	$5.7M	20x	as long as short
Hyperliquid USELESS	+0.0233%	1h	$12.4M	$12.5M	3x	as long as short
edgeX USELESSUSDC	+0.0526%	4h	$22K	$182K	10x	as long as short
MEXC USELESS_USDT	+0.0562%	4h	$16.6M	$4.1M	50x	as long as short
Binance USELESSUSDT	+0.0568%	4h	$23.9M	$78.5M	50x	as long as short
Extended USELESS-USD	+0.0568%	1h	$263K	$911K	5x	as long as short
BingX USELESS-USDT	+0.0774%	4h	—	$3.7M	—	as long as short
Variational Omni USELESSlong	+0.0839%	4h	$1.2M	$1.3M	—
Aster USELESSUSDT	+0.0918%	4h	$580K	$1.1M	10x	as long as short
Bybit USELESSUSDT	+0.0973%	4h	$27.4M	$30.9M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1120%	4h	$18K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1149%	4h	$1.2M	$1.5M	12x	as long as short