Funding you earn now, next payment 04:00 UTC−0.2421%/8h= −265.1% APRnext payment −$12.11 per $10,000 · paid last 24h +0.016%
Price spread now: Variational Omni against Bybit−0.307%7-day average +0.134% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 7 days+0.290%+$29 · spread now −0.307%, 7d avg +0.134%
=Together, before fees+0.345%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$73 a day on $10k at the current rate, and Variational Omni is 0.441% cheaper against Bybit than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.134%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.054%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.11 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 | Bybit USELESSUSDT | 0.2806 | 0.3412 | pay 0.1706% / 4h | 3h 57m | $27.5M | $45.7M | 13x |
| Short | Variational Omni USELESS | 0.2797 | 0.0990 | get 0.0495% / 4h | 3h 57m | $1.2M | $1.7M | — |
Bybit USELESSUSDT
Variational Omni USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Bybit. 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
- −$508.47
- Price spread: −0.307% → +0.134%
- −$44.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$563.61
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Bybit live order book, 1 min ago | 1.60 bp | 19.5 bp −$19 | 100.4 bp −$1,004 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.35 bp | doesn't fit | 62.4 bp −$624 | 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 | 0.2806 | −0.011% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2810 | +0.132% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2803 | −0.103% | $9.9M | $66.1M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2799 | −0.253% | $39K | $703K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2804 | −0.086% | $42K | $165K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2807 | +0.039% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2801 | −0.200% | $18K | $501K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2798 | −0.303% | $584K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0170% | 4h | 0.2803 | −0.121% | $5.2M | $10.0M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2821 | +0.543% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0280% | 4h | 0.2804 | −0.082% | $5.3M | $9.4M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0464% | 4h | 0.2808 | +0.071% | $10.5M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0466% | 4h | 0.2799 | −0.252% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0477% | 4h | 0.2806 | +0.007% | $23.7M | $116.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2806 | −0.016% | $295K | $834K | 5x | as long as short |
| BingX USELESS-USDT | +0.0868% | 4h | 0.2805 | −0.039% | — | $5.0M | — | as long as short |
| Variational Omni USELESSshort | +0.0990% | 4h | 0.2797 | −0.307% | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1029% | 4h | 0.2803 | −0.118% | $644K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1161% | 1h | 0.2811 | +0.160% | $14.0M | $21.1M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1202% | 4h | 0.2814 | +0.278% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1315% | 4h | 0.2805 | −0.039% | $22K | $1.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.2006% | 4h | 0.2803 | −0.107% | $7.0M | $8.2M | 50x | as long as short |
| Bybit USELESSUSDTlong | +0.3412% | 4h | 0.2806 | long leg | $27.5M | $45.7M | 13x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2966 | +5.705% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Gate USELESS_USDT
Injective USELESS/USDC PERP