Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1281%/8h= +140.3% APRpaid last 24h +0.207%

Price spread now: BloFin against Pacifica+0.188%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.835%+$84 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

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and BloFin is 0.188% dearer against Pacifica than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.835% in total (about 43.6% 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	0.2815	0.0100	pay 0.0013% / 1h	32m 37s	$31K	$70K	3x
Short	BloFin USELESS-USDT	0.2821	0.1381	get 0.0691% / 4h	32m 37s	$1.2M	$2.0M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.188%Rate

Funding earned: $269.04
Price spread: +0.188% → 0.000%: $18.83
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $267.87
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Pacifica: no order-book sample; BloFin: 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 BloFin live order book, 5 min ago	1.42 bp	10.2 bp −$10	31.7 bp −$317	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	0.2818	+0.092%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2815	long leg	$31K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2820	+0.160%	$9.9M	$66.5M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2822	+0.224%	$34K	$157K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2820	+0.174%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	−0.036%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	−0.099%	$569K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2814	−0.034%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0235%	1h	0.2810	−0.192%	$39K	$701K	25x	as long as short
KuCoin USELESSUSDTM	+0.0282%	4h	0.2815	−0.021%	$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	+0.0336%	4h	0.2822	+0.238%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0382%	4h	0.2816	+0.032%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0506%	4h	0.2813	−0.091%	$21K	$192K	10x	as long as short
Binance USELESSUSDT	+0.0508%	4h	0.2824	+0.289%	$23.7M	$116.0M	50x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2820	+0.170%	$10.4M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2821	+0.183%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.1040%	4h	0.2824	+0.313%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1046%	4h	0.2822	+0.249%	$27.8M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1111%	4h	0.2816	+0.032%	$648K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1218%	4h	0.2814	−0.035%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1344%	4h	0.2818	+0.103%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDTshort	+0.1381%	4h	0.2821	+0.188%	$1.2M	$2.0M	12x
Hyperliquid USELESS	+0.1535%	1h	0.2819	+0.146%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2995	+6.376%	$5K	$9K	5.5x	as long as short