USELESS

Alert

Funding spread now, next payment 18:00 UTC−0.0253%/8h

paid, last 24h−0.144%paid, last 3 days−0.278%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2881	0.0353	pay 0.0177% / 4h	2h 39m	$1.2M	$1.5M	—
Short	Pacifica USELESS	0.2896	0.0100	get 0.0013% / 1h	39m 33s	$29K	$83K	3x

Funding history

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Position, each leg$Hold fordaysFee Variational OmnibpFee PacificabpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 64 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, 1 min ago	6.94 bp	doesn't fit	52.0 bp −$520	doesn't fit	doesn't fit
Sell Pacifica live order book, 64 min ago	35.87 bp	55.9 bp −$56	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	$16K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	$1.3M	$1.0M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	$29K	$83K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	$9.9M	$57.7M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	$6.8M	$6.2M	50x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	$5.2M	$7.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	$5.5M	$6.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	$35K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	$28K	$112K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	—	$1.3M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
HTX USELESS-USDT	+0.0100%	4h	$21K	$330K	20x	as long as short
Bybit USELESSUSDT	+0.0183%	4h	$28.5M	$36.5M	13x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	$10K	—	3x	as long as short
Variational Omni USELESSlong	+0.0353%	4h	$1.2M	$1.5M	—
BingX USELESS-USDT	+0.0422%	4h	—	$4.4M	—	as long as short
Extended USELESS-USD	+0.0424%	1h	$270K	$912K	5x	as long as short
MEXC USELESS_USDT	+0.0424%	4h	$18.8M	$4.8M	50x	as long as short
Binance USELESSUSDT	+0.0426%	4h	$24.6M	$91.0M	50x	as long as short
BloFin USELESS-USDT	+0.0433%	4h	$1.2M	$1.7M	12x	as long as short
edgeX USELESSUSDC	+0.0436%	4h	$22K	$185K	10x	as long as short
Phemex USELESSUSDT	+0.0856%	4h	$536K	$1.3M	20x	as long as short
Hyperliquid USELESS	+0.0915%	1h	$14.0M	$14.9M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.0966%	4h	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.0999%	4h	$677K	$1.6M	10x	as long as short