USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0491%/8h= −53.8% APRpaid last 24h −0.148%

Price spread now: Polymarket Perps against Variational Omni+0.012%7-day average −0.066% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.378%−$38 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.012%, 7d avg −0.066%

Together, before fees−0.393%+ Points / potential airdropVariational Omni: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.078% dearer against Variational Omni than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.066%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2626	0.0591	pay 0.0296% / 4h	3h 53m	$1.0M	$1.8M	—
Short	Polymarket Perps USELESS-USD	0.2627	0.0100	get 0.0013% / 1h	53m 44s	$27K	$229K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee Variational OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$103.15
Price spread: +0.012% → −0.066%: $7.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$103.33
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Polymarket Perps: live order book, 63 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, just now	5.72 bp	doesn't fit	62.9 bp −$629	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 63 min ago	6.65 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit

USELESS on 24 venues

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
Lighter USELESS	+0.0096%	1h	0.2633	+0.244%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2625	−0.045%	$28K	$47K	3x	as long as short
Bybit USELESSUSDT	+0.0100%	4h	0.2633	+0.255%	$24.9M	$48.4M	13x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2627	+0.012%	$27K	$229K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2628	+0.054%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2623	−0.114%	$18K	$522K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2629	+0.092%	$597K	$1.1M	20x	as long as short
Gate USELESS_USDT	+0.0148%	4h	0.2629	+0.096%	$6.5M	$8.6M	50x	as long as short
OKX USELESS-USDT-SWAP	+0.0164%	4h	0.2634	+0.278%	$9.0M	$64.0M	10x	as long as short
Aevo USELESS-PERP	+0.0176%	1h	0.2603	−0.883%	$9K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0216%	4h	0.2631	+0.168%	$4.8M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0236%	4h	0.2633	+0.240%	$5.0M	$10.4M	20x	as long as short
MEXC USELESS_USDT	+0.0366%	4h	0.2630	+0.137%	$10.6M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0368%	1h	0.2633	+0.263%	$113K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0369%	4h	0.2635	+0.328%	$21.9M	$121.7M	50x	as long as short
edgeX USELESSUSDC	+0.0375%	4h	0.2614	−0.452%	$19K	$196K	10x	as long as short
BingX USELESS-USDT	+0.0390%	4h	0.2634	+0.309%	—	$5.3M	—	as long as short
Aster USELESSUSDT	+0.0419%	4h	0.2629	+0.099%	$521K	$2.4M	10x	as long as short
Variational Omni USELESSlong	+0.0591%	4h	0.2626	long leg	$1.0M	$1.8M	—
Hyperliquid USELESS	+0.0603%	1h	0.2635	+0.335%	$11.5M	$22.5M	3x	as long as short
BloFin USELESS-USDT	+0.0611%	4h	0.2626	0.000%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1303%	4h	0.2629	+0.088%	$19K	$1.2M	10x	as long as short
ApeX Omni USELESSUSDT	+0.1577%	1h	0.2616	−0.392%	$33K	$694K	25x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2779	+5.799%	$5K	$11K	5.5x	as long as short