Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.027%

Price spread now: Pacifica against KuCoin+0.025%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 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

The price spread pays, funding is against you. Pacifica is 0.025% dearer against KuCoin than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2813	0.0240	pay 0.0120% / 4h	27m 16s	$5.2M	$10.0M	12x
Short	Pacifica USELESS	0.2814	0.0100	get 0.0013% / 1h	27m 16s	$31K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.025%Rate

Funding earned: −$29.4
Price spread: +0.025% → 0.000%: $2.49
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago	9.06 bp	56.7 bp −$57	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	0.2814	+0.057%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2814	+0.025%	$31K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2815	+0.078%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2814	+0.036%	$35K	$158K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2818	+0.164%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2806	−0.252%	$18K	$496K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2806	−0.260%	$569K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0147%	1h	0.2815	+0.075%	$39K	$702K	25x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2820	+0.239%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMlong	+0.0240%	4h	0.2813	long leg	$5.2M	$10.0M	12x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0328%	4h	0.2817	+0.132%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0360%	4h	0.2813	+0.004%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0497%	4h	0.2823	+0.345%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0508%	4h	0.2817	+0.132%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0510%	4h	0.2816	+0.121%	$23.7M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2816	+0.102%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.0960%	4h	0.2816	+0.110%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.0985%	4h	0.2815	+0.089%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1097%	4h	0.2816	+0.104%	$647K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1185%	4h	0.2823	+0.344%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1302%	4h	0.2817	+0.160%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1322%	4h	0.2818	+0.164%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1540%	1h	0.2820	+0.267%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2980	+5.930%	$5K	$9K	5.5x	as long as short