Funding you earn now, next payment 12:00 UTC−0.0854%/8h= −93.5% APRnext payment −$4.27 per $10,000 · paid last 24h −0.056%
Price spread now: MEXC against Variational Omni+0.607%7-day average −0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.136%−$14 on $10k
+Price spread, last 7 days−0.563%−$56 · spread now +0.607%, 7d avg −0.090%
=Together, before fees−0.699%+ Points / potential airdropVariational Omni: Active · farm board−$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.697% dearer against Variational Omni than usual: you sell high and buy low (spread +0.607% now, against its 7-day average of −0.090%): +$70 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 4 days (−0.136% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.136% in total (about -13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.27 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni USELESS | 0.3113 | 0.1976 | pay 0.0988% / 4h | 8m 00s | $1.3M | $1.9M | — |
| Short | MEXC USELESS_USDT | 0.3132 | 0.1122 | get 0.0561% / 4h | 8m 00s | $20.3M | $7.8M | 50x |
Variational Omni USELESS
MEXC USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$179.28
- Price spread: +0.607% → −0.090%
- $69.75
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$117.54
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; MEXC: live order book, 4 min ago. Net counts fees only.
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, 4 min ago | 4.83 bp | doesn't fit | 53.2 bp −$532 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.48 bp | 7.6 bp −$8 | 45.3 bp −$453 | 167.0 bp −$16.7K | 590.3 bp −$295.1K |
USELESS on 24 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica USELESS | +0.0100% | 1h | 0.3128 | +0.478% | $33K | $19K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3129 | +0.511% | $30K | $297K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3129 | +0.514% | — | $1.2M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.3129 | +0.511% | $32K | $579K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.3121 | +0.254% | $742K | $1.2M | 20x | as long as short |
| Lighter USELESS | +0.0200% | 1h | 0.3128 | +0.479% | $1.5M | $1.2M | 3x | as long as short |
| Aevo USELESS-PERP | +0.0360% | 1h | 0.3128 | +0.460% | $11K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0371% | 4h | 0.3131 | +0.553% | $12.2M | $77.8M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0634% | 4h | 0.3126 | +0.395% | $5.9M | $10.1M | 10x | as long as short |
| Gate USELESS_USDT | +0.0640% | 4h | 0.3128 | +0.466% | $8.0M | $8.9M | 50x | as long as short |
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Lighter USELESS
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Gate USELESS_USDTShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0768% | 1h | 0.3104 | −0.302% | $59K | $687K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0854% | 4h | 0.3138 | +0.800% | $6.3M | $11.4M | 20x | as long as short |
| Aster USELESSUSDT | +0.0915% | 4h | 0.3130 | +0.541% | $684K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.1056% | 4h | 0.3107 | −0.194% | $23K | $200K | 10x | as long as short |
| Extended USELESS-USD | +0.1120% | 1h | 0.3127 | +0.446% | $307K | $2.0M | 5x | as long as short |
| MEXC USELESS_USDTshort | +0.1122% | 4h | 0.3132 | +0.607% | $20.3M | $7.8M | 50x | |
| Binance USELESSUSDT | +0.1122% | 4h | 0.3132 | +0.587% | $27.9M | $135.5M | 50x | as long as short |
| Hyperliquid USELESS | +0.1585% | 1h | 0.3140 | +0.845% | $15.3M | $21.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1616% | 4h | 0.3128 | +0.456% | $26K | $1.7M | 10x | as long as short |
| BingX USELESS-USDT | +0.1868% | 4h | 0.3135 | +0.688% | — | $5.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1914% | 4h | 0.3132 | +0.591% | $31.7M | $53.0M | 13x | as long as short |
| Variational Omni USELESSlong | +0.1976% | 4h | 0.3113 | long leg | $1.3M | $1.9M | — | |
| BloFin USELESS-USDT | +0.2566% | 4h | 0.3140 | +0.858% | $1.4M | $2.5M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3315 | +6.466% | $6K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Aster USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP