Funding you earn now, next payment 04:00 UTC+0.0530%/8h= +58.0% APRnext payment +$2.65 per $10,000 · paid last 24h +0.051%
Price spread now: Variational Omni against edgeX+0.255%74s7-day average +0.067% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.255%, 7d avg +0.067%
=Together, before fees−0.269%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.188% dearer against edgeX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.067%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.112% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 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 | edgeX USELESSUSDC | 0.2908 | 0.0464 | pay 0.0232% / 4h | 3h 10m | $22K | $194K | 10x |
| Short | Variational Omni USELESS | 0.2915 | 0.0994 | get 0.0497% / 4h | 3h 10m | $1.2M | $1.7M | — |
edgeX USELESSUSDC
Variational Omni USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- $111.27
- Price spread: +0.255% → +0.067%
- $18.76
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $121.03
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: edgeX: live order book, 61 min ago; Variational Omni: RFQ quote, 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 edgeX live order book, 61 min ago | 0.71 bp | 101.3 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 3.42 bp | doesn't fit | 61.6 bp −$616 | 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 | 0.2901 | −0.232% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2907 | −0.043% | $33K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2904 | −0.133% | $10.3M | $68.5M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2904 | −0.140% | $49K | $176K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2904 | −0.146% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2895 | −0.442% | $19K | $512K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2894 | −0.470% | $611K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0148% | 4h | 0.2901 | −0.229% | $5.3M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2898 | −0.341% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0377% | 1h | 0.2907 | −0.029% | $40K | $699K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDClong | +0.0464% | 4h | 0.2908 | long leg | $22K | $194K | 10x | |
| Binance USELESSUSDT | +0.0510% | 4h | 0.2902 | −0.188% | $24.5M | $116.8M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2902 | −0.209% | $309K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0514% | 4h | 0.2903 | −0.160% | $11.2M | $6.0M | 50x | as long as short |
| Gate USELESS_USDT | +0.0520% | 4h | 0.2902 | −0.205% | $7.3M | $8.5M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0578% | 4h | 0.2902 | −0.205% | $5.6M | $9.7M | 20x | as long as short |
| BingX USELESS-USDT | +0.0762% | 4h | 0.2903 | −0.167% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0815% | 4h | 0.2904 | −0.126% | $28.4M | $46.5M | 13x | as long as short |
| Variational Omni USELESSshort | +0.0994% | 4h | 0.2915 | +0.255% | $1.2M | $1.7M | — | |
| Aster USELESSUSDT | +0.1109% | 4h | 0.2907 | −0.041% | $669K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1128% | 4h | 0.2906 | −0.060% | $1.2M | $2.1M | 12x | as long as short |
| Hyperliquid USELESS | +0.1130% | 1h | 0.2905 | −0.081% | $14.6M | $21.0M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1254% | 4h | 0.2904 | −0.115% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3093 | +6.364% | $5K | $9K | 5.5x | as long as short |
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Gate USELESS_USDT
Bitget USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP