USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0499%/8h= +54.7% APRnext payment +$2.50 per $10,000 · paid last 24h +0.122%

Price spread now: Variational Omni against Phemex+0.107%7-day average +0.094% · 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)+0.220%+$22 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.107%, 7d avg +0.094%

Together, before fees+0.119%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex USELESSUSDT	0.2780	0.0100	pay 0.0050% / 4h	1h 30m	$641K	$1.2M	20x
Short	Variational Omni USELESS	0.2783	0.0599	get 0.0300% / 4h	1h 30m	$1.0M	$1.8M	—

Funding history

latest

Range statsloading…

Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee Variational OmnibpOrdersPrice spread, now +0.107%Rate

Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 2 min ago	29.51 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.39 bp	doesn't fit	52.1 bp −$521	doesn't fit	doesn't fit

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	0.2786	+0.187%	$1.3M	$1.3M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2785	+0.148%	$545K	$2.2M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2783	+0.076%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2782	+0.047%	$5.4M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2782	+0.043%	$26K	$261K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2785	+0.162%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2776	−0.176%	$19K	$516K	20x	as long as short
Phemex USELESSUSDTlong	+0.0100%	4h	0.2780	long leg	$641K	$1.2M	20x
Aevo USELESS-PERP	+0.0152%	1h	0.2786	+0.216%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0157%	4h	0.2788	+0.288%	$9.6M	$69.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0168%	4h	0.2782	+0.072%	$5.1M	$10.6M	12x	as long as short
Hyperliquid USELESS	+0.0187%	1h	0.2787	+0.255%	$12.1M	$23.4M	3x	as long as short
Binance USELESSUSDT	+0.0277%	4h	0.2786	+0.213%	$23.1M	$123.9M	50x	as long as short
Extended USELESS-USD	+0.0280%	1h	0.2783	+0.086%	$139K	$834K	5x	as long as short
edgeX USELESSUSDC	+0.0280%	4h	0.2790	+0.338%	$21K	$197K	10x	as long as short
MEXC USELESS_USDT	+0.0282%	4h	0.2785	+0.158%	$11.6M	$6.1M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0466%	1h	0.2788	+0.273%	$51K	$700K	25x	as long as short
Variational Omni USELESSshort	+0.0599%	4h	0.2783	+0.107%	$1.0M	$1.8M	—
BingX USELESS-USDT	+0.0624%	4h	0.2788	+0.263%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0627%	4h	0.2787	+0.245%	$26.1M	$48.8M	13x	as long as short
Gate USELESS_USDT	+0.0740%	4h	0.2780	0.000%	$6.9M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0889%	4h	0.2784	+0.147%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1029%	4h	0.2785	+0.173%	$21K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2956	+6.305%	$5K	$11K	5.5x	as long as short