USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0853%/8h= −93.4% APRnext payment −$4.27 per $10,000 · paid last 24h −0.139%

Price spread now: KuCoin against Variational Omni+0.434%7-day average −0.149% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 7 days−0.323%−$32 · spread now +0.434%, 7d avg −0.149%

Together, before fees−0.471%+ Points / potential airdropVariational Omni: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.583% dearer against Variational Omni than usual: you sell high and buy low (spread +0.434% now, against its 7-day average of −0.149%): +$58 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 3 days (−0.148% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.148% in total (about -16.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.27 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	Variational Omni USELESS	0.2843	0.1041	pay 0.0521% / 4h	3h 33m	$1.2M	$1.7M	—
Short	KuCoin USELESSUSDTM	0.2855	0.0188	get 0.0094% / 4h	3h 33m	$5.3M	$10.1M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.434%Rate

Funding earned: −$179.19
Price spread: +0.434% → −0.149%: $58.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$132.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; KuCoin: live order book, 5 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, just now	5.25 bp	doesn't fit	33.2 bp −$332	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.42 bp	48.8 bp −$49	doesn't fit	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	0.2857	+0.490%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2859	+0.567%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2857	+0.511%	$10.1M	$67.0M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2860	+0.599%	$48K	$171K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2864	+0.744%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2861	+0.645%	$19K	$506K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2856	+0.452%	$601K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMshort	+0.0188%	4h	0.2855	+0.434%	$5.3M	$10.1M	12x
Aevo USELESS-PERP	+0.0200%	1h	0.2856	+0.456%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0442%	4h	0.2859	+0.564%	$5.5M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0469%	4h	0.2848	+0.180%	$21K	$193K	10x	as long as short
MEXC USELESS_USDT	+0.0470%	4h	0.2858	+0.519%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0471%	4h	0.2861	+0.635%	$24.2M	$116.2M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2860	+0.598%	$302K	$1.2M	5x	as long as short
ApeX Omni USELESSUSDT	+0.0662%	1h	0.2845	+0.079%	$39K	$703K	25x	as long as short
Variational Omni USELESSlong	+0.1041%	4h	0.2843	long leg	$1.2M	$1.7M	—
Aster USELESSUSDT	+0.1061%	4h	0.2862	+0.673%	$657K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1207%	1h	0.2863	+0.723%	$14.4M	$21.0M	3x	as long as short
Bybit USELESSUSDT	+0.1218%	4h	0.2858	+0.519%	$28.0M	$46.0M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1278%	4h	0.2862	+0.670%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1280%	4h	0.2863	+0.698%	—	$5.0M	—	as long as short
Gate USELESS_USDT	+0.1594%	4h	0.2857	+0.501%	$7.2M	$8.3M	50x	as long as short
BloFin USELESS-USDT	+0.1891%	4h	0.2852	+0.332%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3012	+5.950%	$5K	$9K	5.5x	as long as short