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−0.0794%/8h= −86.9% APRnext payment $3.97 per $10,000 · paid last 24h −0.152%
Price spread now: OKX against Variational Omni−0.941%7-day average −0.169% · you buy dearer than you sell
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)−0.295%−$30 on $10k
Price spread, last 7 days+0.967%+$97 · spread now −0.941%, 7d avg −0.169%
Together, before fees+0.672%+ Points / potential airdropVariational Omni: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and OKX is 0.772% cheaper against Variational Omni than usual: you would sell low and buy high (−$77 if the spread goes back to its 7-day average of −0.169%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.27430.1001pay 0.0501% / 4h1h 12m$1.2M$1.7M
ShortOKX USELESS-USDT-SWAP0.27170.0208get 0.0104% / 4h1h 12m$9.6M$64.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$166.68
Price spread: −0.941% → −0.169%
−$77.22
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$253.9
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; OKX: live order book, 1 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 ago3.69 bpdoesn't fit51.6 bp −$516doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.10 bp12.0 bp −$1274.4 bp −$744doesn't fitdoesn'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%1h0.2712−1.131%$1.2M$1.2M3xas long as short
Pacifica USELESS+0.0100%1h0.2715−1.007%$30K$70K3xas long as short
Gate USELESS_USDT+0.0100%4h0.2707−1.310%$6.8M$8.6M50xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2717−0.938%$39K$217K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2714−1.051%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2719−0.872%$18K$512K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2708−1.273%$598K$1.1M20xas long as short
OKX USELESS-USDT-SWAPshort+0.0208%4h0.2717−0.941%$9.6M$64.0M10x
Aevo USELESS-PERP+0.0232%1h0.2715−1.011%$10K3xas long as short
KuCoin USELESSUSDTM+0.0266%4h0.2711−1.156%$5.0M$10.4M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni USELESSUSDT+0.0270%1h0.2742−0.022%$38K$695K25xas long as short
Bitget USELESSUSDT+0.0538%4h0.2715−1.007%$5.3M$10.0M20xas long as short
edgeX USELESSUSDC+0.0602%4h0.2743−0.002%$20K$196K10xas long as short
Binance USELESSUSDT+0.0607%4h0.2714−1.027%$23.0M$118.4M50xas long as short
Extended USELESS-USD+0.0608%1h0.2713−1.089%$286K$1.1M5xas long as short
MEXC USELESS_USDT+0.0614%4h0.2713−1.076%$10.8M$6.1M50xas long as short
Hyperliquid USELESS+0.0651%1h0.2717−0.933%$13.2M$21.1M3xas long as short
Bybit USELESSUSDT+0.0926%4h0.2714−1.058%$26.2M$46.6M13xas long as short
BingX USELESS-USDT+0.0934%4h0.2716−0.981%$5.2Mas long as short
Variational Omni USELESSlong+0.1001%4h0.2743long leg$1.2M$1.7M
Aster USELESSUSDT+0.1014%4h0.2710−1.203%$570K$2.3M10xas long as short
BloFin USELESS-USDT+0.1216%4h0.2712−1.131%$1.2M$1.9M12xas long as short
Orderly PERP_USELESS_USDC+0.1385%4h0.2715−1.021%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2878+4.944%$5K$9K5.5xas long as short