USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4900%/8h= −536.5% APRnext payment −$6.13 per $10,000 · paid last 24h +1.034%

Price spread now: Pacifica against Injective−4.925%99s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and Pacifica is 4.925% cheaper against Injective than usual: you would sell low and buy high (−$492 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective USELESS/USDC PERP	0.2971	0.5000	pay 0.0625% / 1h	11m 41s	$5K	$9K	5.5x
Short	Pacifica USELESS	0.2824	0.0100	get 0.0013% / 1h	11m 41s	$32K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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 InjectivebpFee PacificabpOrdersPrice spread, now −4.925%Rate

Funding earned: −$1,029
Price spread: −4.925% → 0.000%: −$492.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$1,529.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Injective and 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	0.2824	−4.925%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2824	−4.925%	$32K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2822	−5.002%	$9.9M	$66.7M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2799	−5.783%	$39K	$702K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2824	−4.948%	$39K	$161K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2823	−4.989%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2819	−5.096%	$19K	$498K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2822	−5.026%	$576K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2824	−4.945%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0202%	4h	0.2819	−5.123%	$5.2M	$10.0M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0298%	4h	0.2825	−4.904%	$5.4M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0364%	4h	0.2821	−5.059%	$7.1M	$8.3M	50x	as long as short
MEXC USELESS_USDT	+0.0494%	4h	0.2827	−4.854%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0494%	4h	0.2827	−4.847%	$23.8M	$116.5M	50x	as long as short
Extended USELESS-USD	+0.0496%	1h	0.2825	−4.923%	$297K	$966K	5x	as long as short
edgeX USELESSUSDC	+0.0496%	4h	0.2803	−5.642%	$21K	$193K	10x	as long as short
BingX USELESS-USDT	+0.0890%	4h	0.2825	−4.921%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.0950%	4h	0.2826	−4.861%	$27.8M	$45.8M	13x	as long as short
Aster USELESSUSDT	+0.1067%	4h	0.2820	−5.082%	$648K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1081%	4h	0.2807	−5.526%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1217%	4h	0.2823	−4.968%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1323%	4h	0.2825	−4.911%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1532%	1h	0.2829	−4.760%	$14.1M	$21.1M	3x	as long as short
Injective USELESS/USDC PERPlong	+0.5000%	1h	0.2971	long leg	$5K	$9K	5.5x