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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0350%/8h= −38.3% APRpaid last 24h −0.143%
Price spread now: Pacifica against BingX−0.036%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 7 days−0.399%−$40 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Pacifica is 0.036% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USELESS-USDT0.27610.0450pay 0.0225% / 4h2h 00m$5.3M
ShortPacifica USELESS0.27600.0100get 0.0013% / 1h0m 59s$29K$19K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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
−$73.5
Price spread: −0.036% → 0.000%
−$3.62
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$95.12
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago3.62 bp19.2 bp −$1978.3 bp −$783477.8 bp −$47.8K1167.7 bp −$583.8K
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%1h0.2758−0.080%$1.3M$1.2M3xas long as short
Hyperliquid USELESS+0.0100%1h0.2762+0.038%$12.0M$23.3M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2759−0.044%$541K$2.1M10xas long as short
Pacifica USELESSshort+0.0100%1h0.2760−0.036%$29K$19K3x
Bitget USELESSUSDT+0.0100%4h0.2759−0.043%$5.3M$10.4M20xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2761+0.022%$26K$256K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2763+0.094%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2764+0.138%$19K$517K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2761+0.011%$646K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0116%4h0.2757−0.138%$5.0M$10.6M12xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0144%1h0.2761+0.013%$10K3xas long as short
OKX USELESS-USDT-SWAP+0.0174%4h0.2760−0.029%$9.5M$68.0M10xas long as short
edgeX USELESSUSDC+0.0236%4h0.2756−0.164%$21K$197K10xas long as short
Binance USELESSUSDT+0.0238%4h0.2761+0.007%$22.9M$123.1M50xas long as short
Extended USELESS-USD+0.0240%1h0.2760−0.004%$138K$1.2M5xas long as short
MEXC USELESS_USDT+0.0240%4h0.2761+0.022%$11.2M$6.1M50xas long as short
Gate USELESS_USDT+0.0380%4h0.2757−0.141%$6.9M$8.7M50xas long as short
BingX USELESS-USDTlong+0.0450%4h0.2761long leg$5.3M
Bybit USELESSUSDT+0.0462%4h0.2761+0.011%$26.0M$48.6M13xas long as short
Variational Omni USELESS+0.0497%4h0.2783+0.810%$1.0M$1.8Mas long as short
ApeX Omni USELESSUSDT+0.0551%1h0.2774+0.485%$49K$701K25xas long as short
BloFin USELESS-USDT+0.0697%4h0.2763+0.087%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1096%4h0.2760−0.007%$21K$1.3M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2826+2.376%$5K$11K5.5xas long as short