Funding you earn now, next payment 23:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.013%
Price spread now: Pacifica against Gate+0.330%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Pacifica is 0.330% dearer against Gate than usual: you sell high and buy low (spread +0.330% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.134% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USELESS_USDT | 0.2727 | 0.0378 | pay 0.0189% / 4h | 1h 24m | $6.8M | $8.0M | 50x |
| Short | Pacifica USELESS | 0.2737 | 0.0100 | get 0.0013% / 1h | 24m 18s | $30K | $70K | 3x |
Gate USELESS_USDT
Pacifica USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$58.38
- Price spread: +0.330% → 0.000%
- $33
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$48.38
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: Gate: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 4 min ago | 5.12 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2738 | +0.396% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESSshort | +0.0100% | 1h | 0.2737 | +0.330% | $30K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2731 | +0.136% | $9.6M | $63.0M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2734 | +0.231% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2737 | +0.334% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2731 | +0.114% | $33K | $449K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2727 | −0.015% | $559K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2727 | −0.025% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0229% | 1h | 0.2757 | +1.082% | $39K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0328% | 4h | 0.2733 | +0.213% | $5.1M | $9.8M | 12x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDTlong | +0.0378% | 4h | 0.2727 | long leg | $6.8M | $8.0M | 50x | |
| Binance USELESSUSDT | +0.0500% | 4h | 0.2732 | +0.177% | $23.1M | $113.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2738 | +0.399% | $287K | $965K | 5x | as long as short |
| edgeX USELESSUSDC | +0.0505% | 4h | 0.2762 | +1.270% | $21K | $190K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0506% | 4h | 0.2731 | +0.143% | $9.9M | $5.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0526% | 4h | 0.2736 | +0.308% | $5.3M | $9.1M | 20x | as long as short |
| Hyperliquid USELESS | +0.0923% | 1h | 0.2734 | +0.249% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1135% | 4h | 0.2732 | +0.161% | $632K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1255% | 4h | 0.2733 | +0.205% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2734 | +0.253% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1362% | 4h | 0.2732 | +0.183% | $27.3M | $44.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1473% | 4h | 0.2741 | +0.506% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1801% | 4h | 0.2738 | +0.378% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.571% | $5K | $9K | 5.5x | as long as short |
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
MEXC USELESS_USDT
Bitget USELESSUSDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP