Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1301%/8h= +142.4% APRpaid last 24h +0.225%

Price spread now: Aster against Pacifica−0.141%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.141% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2947	0.0100	pay 0.0013% / 1h	18m 05s	$33K	$70K	3x
Short	Aster USELESSUSDT	0.2943	0.1401	get 0.0700% / 4h	2h 18m	$680K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.141%Rate

Funding earned: $273.15
Price spread: −0.141% → 0.000%: −$14.07
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $243.07
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 5 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	5.79 bp	15.2 bp −$15	124.8 bp −$1,248	doesn't fit	doesn't fit

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	0.2941	−0.219%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2947	long leg	$33K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2939	−0.297%	$10.5M	$65.7M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2940	−0.235%	$29K	$137K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2943	−0.137%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2941	−0.219%	$20K	$379K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2935	−0.398%	$585K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2942	−0.180%	$11K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0250%	4h	0.2936	−0.375%	$5.5M	$9.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0437%	1h	0.2937	−0.347%	$42K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0438%	4h	0.2935	−0.405%	$7.3M	$7.8M	50x	as long as short
Bitget USELESSUSDT	+0.0542%	4h	0.2940	−0.246%	$5.6M	$8.7M	20x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2941	−0.208%	$10.4M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0664%	1h	0.2937	−0.341%	$310K	$967K	5x	as long as short
Binance USELESSUSDT	+0.0665%	4h	0.2941	−0.206%	$25.4M	$109.4M	50x	as long as short
edgeX USELESSUSDC	+0.0668%	4h	0.2939	−0.285%	$22K	$190K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1188%	4h	0.2938	−0.320%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1272%	4h	0.2941	−0.212%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1307%	4h	0.2943	−0.134%	$29.7M	$42.6M	13x	as long as short
Variational Omni USELESS	+0.1314%	4h	0.2942	−0.178%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTshort	+0.1401%	4h	0.2943	−0.141%	$680K	$2.1M	10x
Hyperliquid USELESS	+0.1613%	1h	0.2945	−0.062%	$15.1M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1622%	4h	0.2953	+0.202%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3113	+5.607%	$5K	$10K	5.5x	as long as short