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

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0372%/8h= −40.7% APRnext payment $0.46 per $10,000 · paid last 24h −0.110%
Price spread now: Pacifica against Extended−0.056%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−0.315%−$31 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Pacifica: 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 0.056% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended USELESS-USD0.28200.0472pay 0.0059% / 1h46m 46s$297K$1.0M5x
ShortPacifica USELESS0.28190.0100get 0.0013% / 1h46m 46s$32K$70K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Extended. 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
−$78.12
Price spread: −0.056% → 0.000%
−$5.63
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$96.75
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 26 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 Extended live order book, 26 min ago81.54 bp99.4 bp −$99doesn'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%1h0.2817−0.099%$1.3M$1.1M3xas long as short
Pacifica USELESSshort+0.0100%1h0.2819−0.056%$32K$70K3x
OKX USELESS-USDT-SWAP+0.0100%4h0.2817−0.110%$9.9M$66.3M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2815−0.170%$45K$168K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2820−0.003%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2808−0.432%$18K$503K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2809−0.379%$590K$1.2M20xas long as short
Aevo USELESS-PERP+0.0200%1h0.2821+0.043%$10K3xas long as short
KuCoin USELESSUSDTM+0.0220%4h0.2817−0.113%$5.2M$10.1M12xas long as short
Bitget USELESSUSDT+0.0354%4h0.2823+0.107%$5.4M$9.5M20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX USELESSUSDC+0.0442%4h0.2799−0.762%$21K$193K10xas long as short
Extended USELESS-USDlong+0.0472%1h0.2820long leg$297K$1.0M5x
MEXC USELESS_USDT+0.0474%4h0.2821+0.015%$10.6M$5.9M50xas long as short
Binance USELESSUSDT+0.0484%4h0.2820−0.017%$23.8M$116.1M50xas long as short
ApeX Omni USELESSUSDT+0.0646%1h0.2795−0.893%$39K$702K25xas long as short
Gate USELESS_USDT+0.0998%4h0.2815−0.188%$7.1M$8.3M50xas long as short
Variational Omni USELESS+0.1015%4h0.2792−1.010%$1.2M$1.7Mas long as short
Aster USELESSUSDT+0.1040%4h0.2823+0.103%$648K$2.3M10xas long as short
Hyperliquid USELESS+0.1234%1h0.2823+0.117%$14.1M$21.1M3xas long as short
Orderly PERP_USELESS_USDC+0.1300%4h0.2823+0.089%$22K$1.4M10xas long as short
BloFin USELESS-USDT+0.2143%4h0.2818−0.078%$1.2M$2.0M12xas long as short
BingX USELESS-USDT+0.2322%4h0.2820−0.003%$5.0Mas long as short
Bybit USELESSUSDT+0.2590%4h0.2819−0.049%$27.7M$45.9M13xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.2983+5.770%$5K$9K5.5xas long as short