USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.015%

Price spread now: BingX against Variational Omni+0.459%7-day average −0.105% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days−0.428%−$43 · spread now +0.459%, 7d avg −0.105%

Together, before fees−0.470%+ Points / potential airdropVariational Omni: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.564% dearer against Variational Omni than usual: you sell high and buy low (spread +0.459% now, against its 7-day average of −0.105%): +$56 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2875	0.0556	pay 0.0278% / 4h	41m 06s	$1.2M	$1.9M	—
Short	BingX USELESS-USDT	0.2889	0.0492	get 0.0246% / 4h	41m 06s	—	$5.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.459%Rate

Funding earned: −$13.51
Price spread: +0.459% → −0.105%: $56.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $32.91
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 9 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, 3 min ago	3.48 bp	doesn't fit	55.6 bp −$556	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.44 bp	16.6 bp −$17	80.7 bp −$807	415.3 bp −$41.5K	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	0.2888	+0.425%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2891	+0.538%	$31K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2888	+0.442%	$5.3M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2893	+0.602%	$5.5M	$10.6M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2898	+0.793%	$29K	$272K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2888	+0.439%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2887	+0.397%	$19K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2892	+0.585%	$651K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0111%	4h	0.2887	+0.414%	$10.0M	$72.6M	10x	as long as short
Aevo USELESS-PERP	+0.0160%	1h	0.2888	+0.444%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0230%	1h	0.2874	−0.048%	$53K	$701K	25x	as long as short
Aster USELESSUSDT	+0.0273%	4h	0.2892	+0.581%	$566K	$2.2M	10x	as long as short
edgeX USELESSUSDC	+0.0292%	4h	0.2871	−0.163%	$21K	$197K	10x	as long as short
MEXC USELESS_USDT	+0.0306%	4h	0.2892	+0.578%	$12.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0308%	4h	0.2889	+0.473%	$24.0M	$125.4M	50x	as long as short
Extended USELESS-USD	+0.0312%	1h	0.2888	+0.432%	$249K	$1.4M	5x	as long as short
Gate USELESS_USDT	+0.0416%	4h	0.2887	+0.414%	$7.2M	$8.7M	50x	as long as short
BingX USELESS-USDTshort	+0.0492%	4h	0.2889	+0.459%	—	$5.4M	—
Bybit USELESSUSDT	+0.0524%	4h	0.2888	+0.442%	$27.3M	$49.7M	13x	as long as short
Variational Omni USELESSlong	+0.0556%	4h	0.2875	long leg	$1.2M	$1.9M	—
BloFin USELESS-USDT	+0.0764%	4h	0.2893	+0.612%	$1.2M	$2.2M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0984%	4h	0.2888	+0.432%	$22K	$1.6M	10x	as long as short
Hyperliquid USELESS	+0.1018%	1h	0.2890	+0.505%	$12.6M	$23.6M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3060	+6.420%	$5K	$11K	5.5x	as long as short