USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0981%/8h= −107.4% APRnext payment −$1.23 per $10,000 · paid last 24h −0.267%

Price spread now: Pacifica against Hyperliquid−0.504%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.976%−$98 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Pacifica is 0.504% cheaper against Hyperliquid than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2849	0.1081	pay 0.0135% / 1h	52m 09s	$14.2M	$21.0M	3x
Short	Pacifica USELESS	0.2834	0.0100	get 0.0013% / 1h	52m 09s	$32K	$69K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Hyperliquid. 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 HyperliquidbpFee PacificabpOrdersPrice spread, now −0.504%Rate

Funding earned: −$205.99
Price spread: −0.504% → 0.000%: −$50.38
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$273.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	6.24 bp	27.6 bp −$28	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	0.2845	−0.133%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2834	−0.504%	$32K	$69K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2845	−0.126%	$10.0M	$67.5M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2837	−0.425%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2834	−0.513%	$39K	$698K	25x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2844	−0.147%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2846	−0.102%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2833	−0.555%	$599K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0106%	4h	0.2843	−0.193%	$5.2M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2845	−0.136%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC USELESS_USDT	+0.0482%	4h	0.2847	−0.060%	$11.1M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0486%	4h	0.2846	−0.077%	$24.1M	$117.5M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2846	−0.102%	$298K	$1.2M	5x	as long as short
edgeX USELESSUSDC	+0.0488%	4h	0.2844	−0.146%	$21K	$193K	10x	as long as short
Bitget USELESSUSDT	+0.0572%	4h	0.2846	−0.109%	$5.4M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0611%	1h	0.2848	−0.039%	$45K	$184K	3x	as long as short
Bybit USELESSUSDT	+0.0711%	4h	0.2846	−0.109%	$27.7M	$46.7M	13x	as long as short
BingX USELESS-USDT	+0.0723%	4h	0.2846	−0.077%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0962%	4h	0.2815	−1.193%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1026%	4h	0.2842	−0.225%	$653K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1037%	4h	0.2828	−0.734%	$1.2M	$2.1M	12x	as long as short
Hyperliquid USELESSlong	+0.1081%	1h	0.2849	long leg	$14.2M	$21.0M	3x
Orderly PERP_USELESS_USDC	+0.1264%	4h	0.2844	−0.147%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2984	+4.764%	$5K	$9K	5.5x	as long as short