Funding you earn now, next payment 23:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.091%
Price spread now: Bitget against Pacifica−0.022%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+0.198%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Bitget is 0.022% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.198% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.198% in total (about 10.3% 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 | 0.2737 | 0.0100 | pay 0.0013% / 1h | 24m 24s | $30K | $70K | 3x |
| Short | Bitget USELESSUSDT | 0.2736 | 0.0526 | get 0.0263% / 4h | 1h 24m | $5.3M | $9.1M | 20x |
Pacifica USELESS
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $89.46
- Price spread: −0.022% → 0.000%
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $67.27
- Costs to cover
- 0.200%
- Break-even
- 1.7 days
Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 3.47 bp | 35.8 bp −$36 | doesn't fit | 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 | 0.2738 | +0.066% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESSlong | +0.0100% | 1h | 0.2737 | long leg | $30K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2731 | −0.194% | $9.6M | $63.0M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2734 | −0.099% | $26K | $145K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2737 | +0.004% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2731 | −0.216% | $33K | $449K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2727 | −0.344% | $559K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2727 | −0.353% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0229% | 1h | 0.2757 | +0.749% | $39K | $699K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0328% | 4h | 0.2733 | −0.117% | $5.1M | $9.8M | 12x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0378% | 4h | 0.2727 | −0.329% | $6.8M | $8.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0500% | 4h | 0.2732 | −0.152% | $23.1M | $113.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2738 | +0.068% | $287K | $965K | 5x | as long as short |
| edgeX USELESSUSDC | +0.0505% | 4h | 0.2762 | +0.937% | $21K | $190K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0506% | 4h | 0.2731 | −0.186% | $9.9M | $5.9M | 50x | as long as short |
| Bitget USELESSUSDTshort | +0.0526% | 4h | 0.2736 | −0.022% | $5.3M | $9.1M | 20x | |
| Hyperliquid USELESS | +0.0923% | 1h | 0.2734 | −0.080% | $13.3M | $20.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.1135% | 4h | 0.2732 | −0.169% | $632K | $2.2M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1255% | 4h | 0.2733 | −0.124% | $21K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1354% | 4h | 0.2734 | −0.077% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1362% | 4h | 0.2732 | −0.146% | $27.3M | $44.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1473% | 4h | 0.2741 | +0.176% | $1.1M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1801% | 4h | 0.2738 | +0.048% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2934 | +7.217% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
MEXC USELESS_USDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP