Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX−0.142%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.142% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2755	0.0100	pay 0.0050% / 4h	1h 20m	$18K	$510K	20x
Short	Pacifica USELESS	0.2751	0.0100	get 0.0013% / 1h	20m 34s	$30K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee PacificabpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → 0.000%: −$14.23
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.23
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 43 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 HTX live order book, 43 min ago	40.47 bp	doesn't fit	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	0.2749	−0.218%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2751	−0.142%	$30K	$70K	3x
Gate USELESS_USDT	+0.0100%	4h	0.2744	−0.425%	$6.9M	$8.6M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2736	−0.704%	$38K	$695K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2756	+0.011%	$38K	$215K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2757	+0.054%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2755	long leg	$18K	$510K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2750	−0.189%	$607K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0206%	4h	0.2747	−0.290%	$9.7M	$64.5M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2756	+0.036%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0274%	4h	0.2752	−0.127%	$5.1M	$10.4M	12x	as long as short
Bitget USELESSUSDT	+0.0556%	4h	0.2747	−0.316%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0570%	4h	0.2735	−0.733%	$20K	$195K	10x	as long as short
MEXC USELESS_USDT	+0.0604%	4h	0.2753	−0.069%	$10.9M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2748	−0.286%	$289K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0622%	4h	0.2750	−0.181%	$23.3M	$118.0M	50x	as long as short
Hyperliquid USELESS	+0.0713%	1h	0.2757	+0.051%	$13.5M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2746	−0.330%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.1024%	4h	0.2748	−0.279%	$26.5M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.1034%	4h	0.2753	−0.075%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1051%	4h	0.2752	−0.138%	$580K	$2.2M	10x	as long as short
BloFin USELESS-USDT	+0.1280%	4h	0.2753	−0.069%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1386%	4h	0.2755	−0.004%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2892	+4.961%	$5K	$9K	5.5x	as long as short