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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.110%
Price spread now: Pacifica against edgeX−0.342%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−0.305%−$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.342% cheaper against edgeX than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX USELESSUSDC0.27530.0212pay 0.0106% / 4h1h 50m$21K$196K10x
ShortPacifica USELESS0.27430.0100get 0.0013% / 1h50m 50s$29K$19K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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
−$23.5
Price spread: −0.342% → 0.000%
−$34.22
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$74.71
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 56 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 edgeX live order book, 56 min ago0.75 bp92.1 bp −$92doesn't fitdoesn'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%1h0.2753+0.018%$1.3M$1.2M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2750−0.095%$539K$2.1M10xas long as short
Pacifica USELESSshort+0.0100%1h0.2743−0.342%$29K$19K3x
KuCoin USELESSUSDTM+0.0100%4h0.2745−0.259%$5.0M$10.5M12xas long as short
Bitget USELESSUSDT+0.0100%4h0.2752−0.004%$5.3M$10.4M20xas long as short
ApeX Omni USELESSUSDT+0.0100%1h0.2748−0.164%$48K$701K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2748−0.157%$26K$257K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2751−0.048%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2744−0.306%$19K$517K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2745−0.284%$637K$1.2M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0136%1h0.2742−0.366%$10K3xas long as short
OKX USELESS-USDT-SWAP+0.0157%4h0.2754+0.043%$9.5M$68.0M10xas long as short
edgeX USELESSUSDClong+0.0212%4h0.2753long leg$21K$196K10x
Gate USELESS_USDT+0.0230%4h0.2745−0.277%$6.9M$8.6M50xas long as short
MEXC USELESS_USDT+0.0230%4h0.2754+0.054%$11.2M$6.0M50xas long as short
Binance USELESSUSDT+0.0230%4h0.2755+0.090%$22.9M$123.4M50xas long as short
Extended USELESS-USD+0.0232%1h0.2753+0.017%$136K$1.1M5xas long as short
Hyperliquid USELESS+0.0255%1h0.2756+0.116%$11.9M$23.3M3xas long as short
BingX USELESS-USDT+0.0370%4h0.2755+0.101%$5.3Mas long as short
Bybit USELESSUSDT+0.0395%4h0.2749−0.131%$25.8M$48.7M13xas long as short
Variational Omni USELESS+0.0445%4h0.2750−0.108%$1.0M$1.8Mas long as short
BloFin USELESS-USDT+0.0635%4h0.2755+0.083%$1.2M$2.1M12xas long as short
Orderly PERP_USELESS_USDC+0.1064%4h0.2748−0.150%$21K$1.4M10xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2906+5.580%$5K$11K5.5xas long as short