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−0.0560%/8h= −61.3% APRpaid last 24h −0.214%
Price spread now: Pacifica against BloFin+0.275%94s7-day average · you sell dearer than you buy
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−0.898%−$90 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread pays, funding is against you. Pacifica is 0.275% dearer against BloFin than usual: you sell high and buy low (spread +0.275% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 39 hours. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin USELESS-USDT0.26880.0660pay 0.0330% / 4h2h 41m$1.1M$2.0M12x
ShortPacifica USELESS0.26950.0100get 0.0013% / 1h41m 43s$29K$18K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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
−$117.61
Price spread: +0.275% → 0.000%
$27.53
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$110.07
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: BloFin: 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 BloFin live order book, 1 min ago2.41 bp16.2 bp −$1632.5 bp −$325doesn'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%1h0.2695+0.260%$1.2M$1.2M3xas long as short
Hyperliquid USELESS+0.0100%1h0.2696+0.305%$11.7M$22.5M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2693+0.192%$528K$2.3M10xas long as short
Pacifica USELESSshort+0.0100%1h0.2695+0.275%$29K$18K3x
Polymarket Perps USELESS-USD+0.0100%1h0.2689+0.063%$26K$245K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2690+0.071%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2682−0.197%$18K$519K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2695+0.264%$637K$1.1M20xas long as short
Bitget USELESSUSDT+0.0110%4h0.2700+0.443%$5.1M$10.3M20xas long as short
OKX USELESS-USDT-SWAP+0.0120%4h0.2698+0.398%$9.2M$65.4M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin USELESSUSDTM+0.0132%4h0.2695+0.279%$4.9M$10.6M12xas long as short
Aevo USELESS-PERP+0.0136%1h0.2690+0.098%$10K3xas long as short
Extended USELESS-USD+0.0224%1h0.2700+0.454%$114K$1.1M5xas long as short
MEXC USELESS_USDT+0.0226%4h0.2697+0.346%$10.9M$6.0M50xas long as short
Binance USELESSUSDT+0.0227%4h0.2697+0.361%$22.5M$121.5M50xas long as short
edgeX USELESSUSDC+0.0243%4h0.2683−0.188%$20K$197K10xas long as short
BingX USELESS-USDT+0.0390%4h0.2700+0.473%$5.3Mas long as short
Bybit USELESSUSDT+0.0407%4h0.2697+0.368%$25.4M$48.3M13xas long as short
Variational Omni USELESS+0.0499%4h0.2676−0.447%$1.1M$1.8Mas long as short
Gate USELESS_USDT+0.0646%4h0.2694+0.253%$6.7M$8.5M50xas long as short
BloFin USELESS-USDTlong+0.0660%4h0.2688long leg$1.1M$2.0M12x
ApeX Omni USELESSUSDT+0.0714%1h0.2684−0.134%$47K$698K25xas long as short
Orderly PERP_USELESS_USDC+0.1205%4h0.2694+0.253%$21K$1.2M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2826+5.157%$5K$11K5.5xas long as short