Funding you earn now, next payment 05:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h +0.018%
Price spread now: Gate against Pacifica−0.077%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+0.152%+$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Gate is 0.077% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.152% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% 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 | 0.2612 | 0.0100 | pay 0.0013% / 1h | 34m 34s | $28K | $18K | 3x |
| Short | Gate USELESS_USDT | 0.2610 | 0.0564 | get 0.0282% / 4h | 3h 34m | $6.5M | $8.6M | 50x |
Pacifica USELESS
Gate USELESS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $97.44
- Price spread: −0.077% → 0.000%
- −$7.66
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $66.78
- Costs to cover
- 0.230%
- Break-even
- 2.2 days
Slippage unknown: Pacifica: no order-book sample; Gate: 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 Gate live order book, 4 min ago | 7.83 bp | 73.2 bp −$73 | 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 | 0.2611 | −0.038% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESSlong | +0.0100% | 1h | 0.2612 | long leg | $28K | $18K | 3x | |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2618 | +0.214% | $36K | $696K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2612 | −0.011% | $25K | $232K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2616 | +0.149% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2616 | +0.122% | $18K | $520K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2618 | +0.214% | $601K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2633 | +0.797% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0202% | 4h | 0.2614 | +0.057% | $8.8M | $63.2M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0210% | 4h | 0.2611 | −0.065% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0212% | 4h | 0.2610 | −0.100% | $5.0M | $10.3M | 20x | as long as short |
| Aster USELESSUSDT | +0.0277% | 4h | 0.2611 | −0.063% | $516K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0345% | 4h | 0.2624 | +0.432% | $20K | $196K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0358% | 4h | 0.2612 | +0.004% | $10.5M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0360% | 1h | 0.2612 | −0.018% | $112K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0362% | 4h | 0.2611 | −0.050% | $21.8M | $121.8M | 50x | as long as short |
| Hyperliquid USELESS | +0.0424% | 1h | 0.2613 | +0.034% | $11.4M | $22.6M | 3x | as long as short |
| Gate USELESS_USDTshort | +0.0564% | 4h | 0.2610 | −0.077% | $6.5M | $8.6M | 50x | |
| Variational Omni USELESS | +0.0590% | 4h | 0.2630 | +0.658% | $1.1M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0822% | 4h | 0.2611 | −0.046% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.0966% | 4h | 0.2619 | +0.234% | $1.1M | $1.9M | 12x | as long as short |
| Bybit USELESSUSDT | +0.0984% | 4h | 0.2610 | −0.080% | $24.6M | $48.6M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1304% | 4h | 0.2618 | +0.230% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2784 | +6.553% | $5K | $11K | 5.5x | as long as short |
Bitget USELESSUSDT
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP