Funding you earn now, next payment 03:00 UTC+0.0522%/8h= +57.2% APRpaid last 24h +0.113%
Price spread now: Binance against Pacifica−0.137%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Binance is 0.137% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 21 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.302% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.302% in total (about 15.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica USELESS | 0.2751 | 0.0100 | pay 0.0013% / 1h | 20m 27s | $30K | $70K | 3x |
| Short | Binance USELESSUSDT | 0.2748 | 0.0622 | get 0.0311% / 4h | 1h 20m | $23.3M | $118.0M | 50x |
Pacifica USELESS
Binance USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $109.67
- Price spread: −0.137% → 0.000%
- −$13.74
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $77.93
- Costs to cover
- 0.180%
- Break-even
- 2.0 days
Slippage unknown: Pacifica: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago | 0.18 bp | 14.7 bp −$15 | 54.1 bp −$541 | 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 | 0.2749 | −0.076% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESSlong | +0.0100% | 1h | 0.2751 | long leg | $30K | $70K | 3x | |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2744 | −0.283% | $6.9M | $8.6M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2736 | −0.563% | $38K | $695K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2746 | −0.196% | $38K | $215K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2757 | +0.197% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2755 | +0.142% | $18K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2750 | −0.047% | $607K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0206% | 4h | 0.2745 | −0.228% | $9.7M | $64.5M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2756 | +0.179% | $10K | — | 3x | as long as short |
Lighter USELESS
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0274% | 4h | 0.2747 | −0.170% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0556% | 4h | 0.2744 | −0.265% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0570% | 4h | 0.2735 | −0.591% | $20K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0604% | 4h | 0.2745 | −0.232% | $10.9M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0608% | 1h | 0.2748 | −0.144% | $289K | $1.1M | 5x | as long as short |
| Binance USELESSUSDTshort | +0.0622% | 4h | 0.2748 | −0.137% | $23.3M | $118.0M | 50x | |
| Hyperliquid USELESS | +0.0703% | 1h | 0.2746 | −0.196% | $13.4M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2746 | −0.188% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.1007% | 4h | 0.2744 | −0.257% | $26.5M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.068% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1051% | 4h | 0.2752 | +0.004% | $580K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1280% | 4h | 0.2753 | +0.073% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1386% | 4h | 0.2755 | +0.139% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2892 | +5.111% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP