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

USELESS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0998%/8h= −109.3% APRpaid last 24h −0.225%
Price spread now: Pacifica against Aster−0.125%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Pacifica is 0.125% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster USELESSUSDT0.27460.1098pay 0.0549% / 4h1h 02m$631K$2.2M10x
ShortPacifica USELESS0.27420.0100get 0.0013% / 1h2m 32s$30K$70K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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
−$209.61
Price spread: −0.125% → 0.000%
−$12.54
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$238.15
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 1 min ago; Pacifica: no order-book sample. 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 Aster live order book, 1 min ago7.30 bp23.5 bp −$23126.1 bp −$1,261doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.2741−0.155%$1.3M$1.1M3xas long as short
Pacifica USELESSshort+0.0100%1h0.2742−0.125%$30K$70K3x
OKX USELESS-USDT-SWAP+0.0100%4h0.2741−0.184%$9.6M$63.7M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2732−0.493%$28K$150K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2736−0.344%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2730−0.573%$18K$491K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2728−0.628%$555K$1.2M20xas long as short
Aevo USELESS-PERP+0.0200%1h0.2730−0.569%$10K3xas long as short
ApeX Omni USELESSUSDT+0.0238%1h0.2725−0.748%$38K$700K25xas long as short
KuCoin USELESSUSDTM+0.0330%4h0.2743−0.107%$5.1M$9.9M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate USELESS_USDT+0.0338%4h0.2738−0.282%$6.8M$8.2M50xas long as short
Bitget USELESSUSDT+0.0442%4h0.2741−0.158%$5.2M$9.2M20xas long as short
edgeX USELESSUSDC+0.0469%4h0.2733−0.454%$20K$192K10xas long as short
MEXC USELESS_USDT+0.0492%4h0.2743−0.089%$10.0M$6.0M50xas long as short
Binance USELESSUSDT+0.0493%4h0.2742−0.143%$23.2M$114.7M50xas long as short
Extended USELESS-USD+0.0496%1h0.2743−0.105%$289K$966K5xas long as short
Hyperliquid USELESS+0.0873%1h0.2744−0.040%$13.4M$20.8M3xas long as short
Aster USELESSUSDTlong+0.1098%4h0.2746long leg$631K$2.2M10x
BingX USELESS-USDT+0.1254%4h0.2740−0.202%$5.0Mas long as short
Orderly PERP_USELESS_USDC+0.1299%4h0.2734−0.410%$21K$1.4M10xas long as short
Bybit USELESSUSDT+0.1315%4h0.2742−0.111%$27.3M$45.1M13xas long as short
Variational Omni USELESS+0.1473%4h0.2730−0.572%$1.1M$1.7Mas long as short
BloFin USELESS-USDT+0.1715%4h0.2739−0.249%$1.1M$1.9M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2894+5.422%$5K$9K5.5xas long as short