Funding you earn now, next payment 02:00 UTC+0.0704%/8h= +77.0% APRpaid last 24h +0.148%
Price spread now: Bybit against Pacifica−0.071%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+0.349%+$35 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Bybit is 0.071% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.349% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.349% in total (about 18.2% 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 | 0.2821 | 0.0100 | pay 0.0013% / 1h | 11m 34s | $31K | $70K | 3x |
| Short | Bybit USELESSUSDT | 0.2819 | 0.0804 | get 0.0402% / 4h | 2h 11m | $27.4M | $46.3M | 13x |
Pacifica USELESS
Bybit USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $147.74
- Price spread: −0.071% → 0.000%
- −$7.09
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $121.65
- Costs to cover
- 0.190%
- Break-even
- 1.2 days
Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.53 bp | 21.6 bp −$22 | 53.6 bp −$536 | 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 23 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 | 0.2820 | −0.039% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESSlong | +0.0100% | 1h | 0.2821 | long leg | $31K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2817 | −0.152% | $10.0M | $66.2M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2816 | −0.184% | $7.1M | $8.4M | 50x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2821 | −0.011% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2824 | +0.096% | $18K | $504K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2817 | −0.163% | $609K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0158% | 4h | 0.2821 | −0.014% | $5.2M | $10.4M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2822 | +0.025% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0454% | 1h | 0.2822 | +0.025% | $28K | $202K | 3x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0542% | 4h | 0.2823 | +0.071% | $21K | $195K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0556% | 4h | 0.2822 | +0.035% | $11.0M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0556% | 4h | 0.2819 | −0.071% | $23.9M | $117.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0560% | 1h | 0.2822 | +0.010% | $302K | $1.1M | 5x | as long as short |
| Bitget USELESSUSDT | +0.0580% | 4h | 0.2822 | +0.028% | $5.4M | $9.8M | 20x | as long as short |
| BingX USELESS-USDT | +0.0738% | 4h | 0.2821 | +0.004% | — | $5.1M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0800% | 1h | 0.2823 | +0.060% | $39K | $698K | 25x | as long as short |
| Bybit USELESSUSDTshort | +0.0804% | 4h | 0.2819 | −0.071% | $27.4M | $46.3M | 13x | |
| Variational Omni USELESS | +0.0884% | 4h | 0.2819 | −0.096% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1089% | 4h | 0.2821 | −0.007% | $628K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1306% | 4h | 0.2823 | +0.060% | $22K | $1.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1319% | 1h | 0.2822 | +0.032% | $14.1M | $20.7M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.763% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
BingX USELESS-USDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Injective USELESS/USDC PERP