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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1021%/8h= −111.8% APRnext payment $5.10 per $10,000 · paid last 24h −0.147%
Price spread now: HTX against Variational Omni−0.225%7-day average −0.232% · you buy dearer than you sell
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 3 days (all we have)−0.281%−$28 on $10k
Price spread, last 3 days (all we have)−0.188%−$19 · spread now −0.225%, 7d avg −0.232%
Together, before fees−0.469%+ Points / potential airdropVariational Omni: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.232%, so right now this pair is about funding alone: −$31 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.281% in total (about -30.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni USELESS0.28110.1121pay 0.0560% / 4h25m 44s$1.2M$1.8M
ShortHTX USELESS-USDT0.28050.0100get 0.0050% / 4h25m 44s$18K$496K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$214.33
Price spread: −0.225% → −0.232%
$0.67
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$225.67
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; HTX: live order book, 53 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 Variational Omni RFQ quote, 3 min ago5.32 bpdoesn't fit47.8 bp −$478doesn't fitdoesn't fit
Sell HTX live order book, 53 min ago45.05 bpdoesn't fitdoesn't fitdoesn'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
Lighter USELESS+0.0096%1h0.2805−0.232%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2805−0.225%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2806−0.204%$9.9M$66.3M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2808−0.108%$35K$158K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2809−0.086%$1.4M10xas long as short
HTX USELESS-USDTshort+0.0100%4h0.2805−0.225%$18K$496K20x
Phemex USELESSUSDT+0.0100%4h0.2803−0.310%$568K$1.2M20xas long as short
ApeX Omni USELESSUSDT+0.0147%1h0.2815+0.127%$39K$702K25xas long as short
Aevo USELESS-PERP+0.0208%1h0.2813+0.061%$10K3xas long as short
KuCoin USELESSUSDTM+0.0234%4h0.2807−0.165%$5.2M$10.0M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0324%4h0.2805−0.221%$5.3M$9.4M20xas long as short
Gate USELESS_USDT+0.0354%4h0.2802−0.350%$7.0M$8.3M50xas long as short
edgeX USELESSUSDC+0.0497%4h0.2823+0.398%$21K$191K10xas long as short
Binance USELESSUSDT+0.0500%4h0.2805−0.213%$23.6M$116.2M50xas long as short
Extended USELESS-USD+0.0504%1h0.2803−0.312%$295K$966K5xas long as short
MEXC USELESS_USDT+0.0508%4h0.2804−0.268%$10.3M$6.0M50xas long as short
BingX USELESS-USDT+0.0960%4h0.2806−0.200%$5.0Mas long as short
Bybit USELESSUSDT+0.0975%4h0.2809−0.072%$27.7M$45.7M13xas long as short
Aster USELESSUSDT+0.1083%4h0.2805−0.221%$645K$2.3M10xas long as short
Variational Omni USELESSlong+0.1121%4h0.2811long leg$1.2M$1.8M
BloFin USELESS-USDT+0.1302%4h0.2817+0.212%$1.2M$2.0M12xas long as short
Orderly PERP_USELESS_USDC+0.1324%4h0.2810−0.037%$22K$1.4M10xas long as short
Hyperliquid USELESS+0.1542%1h0.2812+0.018%$14.0M$21.1M3xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2980+5.985%$5K$9K5.5xas long as short