USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0853%/8h= −93.4% APRnext payment −$4.26 per $10,000 · paid last 24h −0.162%

Price spread now: SunX against Variational Omni+0.209%7-day average −0.076% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$33 on $10k

Price spread, last 4 days (all we have)−1.358%−$136 · spread now +0.209%, 7d avg −0.076%

Together, before fees−1.684%+ Points / potential airdropVariational Omni: Active · farm board−$168 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.286% dearer against Variational Omni than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of −0.076%): +$29 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 3 days (−0.325% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni USELESS	0.2752	0.0953	pay 0.0476% / 4h	1h 31m	$1.2M	$1.7M	—
Short	SunX USELESS-USDT	0.2758	0.0100	get 0.0050% / 4h	1h 31m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$179.03
Price spread: +0.209% → −0.076%: $28.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$158.48
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; SunX: live order book, 4 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	5.45 bp	doesn't fit	52.7 bp −$527	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	46.19 bp	65.2 bp −$65	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	0.2752	−0.016%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2757	+0.184%	$31K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2751	−0.030%	$6.9M	$8.5M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2746	−0.227%	$38K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2755	+0.108%	$34K	$211K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2758	+0.209%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2749	−0.110%	$18K	$509K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2750	−0.096%	$606K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0155%	4h	0.2754	+0.068%	$9.7M	$64.6M	10x	as long as short
KuCoin USELESSUSDTM	+0.0224%	4h	0.2754	+0.050%	$5.1M	$10.4M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0232%	1h	0.2756	+0.130%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0518%	4h	0.2752	+0.006%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0566%	4h	0.2760	+0.293%	$21K	$196K	10x	as long as short
Extended USELESS-USD	+0.0600%	1h	0.2753	+0.021%	$291K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0600%	4h	0.2753	+0.046%	$10.8M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0600%	4h	0.2755	+0.106%	$23.3M	$118.0M	50x	as long as short
Hyperliquid USELESS	+0.0680%	1h	0.2756	+0.133%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0818%	4h	0.2755	+0.090%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0902%	4h	0.2754	+0.053%	$26.6M	$46.5M	13x	as long as short
Variational Omni USELESSlong	+0.0953%	4h	0.2752	long leg	$1.2M	$1.7M	—
Aster USELESSUSDT	+0.1051%	4h	0.2757	+0.177%	$582K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1188%	4h	0.2754	+0.053%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1357%	4h	0.2755	+0.090%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2918	+6.012%	$5K	$9K	5.5x	as long as short