Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0643%/8h= +70.4% APRnext payment +$3.22 per $10,000 · paid last 24h +0.158%
Price spread now: Variational Omni against HTX+0.119%57s7-day average +0.205% · you sell dearer than you buy
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 4 days (all we have)+0.351%+$35 on $10k
Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.119%, 7d avg +0.205%
Together, before fees+0.541%+ Points / potential airdropVariational Omni: Active · farm board+$54 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.086% cheaper against HTX than usual: you would sell low and buy high (spread +0.119% now, against its 7-day average of +0.205%). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$19 a day). At the pace of the last 4 days (+0.351% in total) that is about 21 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX USELESS-USDT0.28970.0100pay 0.0050% / 4h3h 58m$19K$515K20x
ShortVariational Omni USELESS0.29010.0743get 0.0372% / 4h3h 58m$1.2M$1.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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
$135.06
Price spread: +0.119% → +0.205%
−$8.56
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$114.51
Costs to cover
0.120%
Break-even
1.1 days
Slippage unknown: HTX: live order book, 40 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 40 min ago58.80 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago5.19 bpdoesn't fit50.2 bp −$502doesn'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
Pacifica USELESS+0.0100%1h0.2905+0.264%$31K$19K3xas long as short
KuCoin USELESSUSDTM+0.0100%4h0.2926+0.991%$5.3M$10.8M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2919+0.749%$5.6M$11.0M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2922+0.839%$28K$284K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2914+0.583%$1.4M10xas long as short
HTX USELESS-USDTlong+0.0100%4h0.2897long leg$19K$515K20x
Phemex USELESSUSDT+0.0100%4h0.2902+0.148%$664K$1.3M20xas long as short
OKX USELESS-USDT-SWAP+0.0130%4h0.2921+0.821%$10.2M$74.4M10xas long as short
Lighter USELESS+0.0136%1h0.2924+0.932%$1.3M$1.1M3xas long as short
Aevo USELESS-PERP+0.0176%1h0.2936+1.344%$11K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster USELESSUSDT+0.0319%4h0.2917+0.678%$574K$2.2M10xas long as short
edgeX USELESSUSDC+0.0359%4h0.2905+0.274%$22K$199K10xas long as short
MEXC USELESS_USDT+0.0372%4h0.2923+0.884%$13.1M$6.3M50xas long as short
Binance USELESSUSDT+0.0372%4h0.2924+0.928%$24.4M$127.7M50xas long as short
Extended USELESS-USD+0.0376%1h0.2924+0.930%$279K$1.7M5xas long as short
ApeX Omni USELESSUSDT+0.0475%1h0.2907+0.335%$53K$701K25xas long as short
Gate USELESS_USDT+0.0534%4h0.2912+0.511%$7.3M$8.6M50xas long as short
BingX USELESS-USDT+0.0658%4h0.2922+0.856%$5.4Mas long as short
Variational Omni USELESSshort+0.0743%4h0.2901+0.119%$1.2M$1.9M
BloFin USELESS-USDT+0.0889%4h0.2911+0.483%$1.2M$2.2M12xas long as short
Orderly PERP_USELESS_USDC+0.0968%4h0.2920+0.777%$21K$1.8M10xas long as short
Hyperliquid USELESS+0.1128%1h0.2923+0.884%$12.8M$23.7M3xas long as short
Bybit USELESSUSDT+0.1245%4h0.2921+0.828%$28.1M$51.0M13xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3062+5.681%$5K$10K5.5xas long as short