Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.190%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.190% cheaper against Pacifica than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2822	0.0100	pay 0.0013% / 1h	27m 49s	$32K	$70K	3x
Short	HTX USELESS-USDT	0.2817	0.0100	get 0.0050% / 4h	27m 49s	$19K	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.190%Rate

Funding earned: $0
Price spread: −0.190% → 0.000%: −$18.99
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; HTX: live order book, 51 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 HTX live order book, 51 min ago	45.05 bp	doesn't fit	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	0.2813	−0.332%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2822	long leg	$32K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2811	−0.392%	$9.9M	$66.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2819	−0.116%	$35K	$157K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2824	+0.055%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2817	−0.190%	$19K	$496K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2805	−0.612%	$569K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2817	−0.170%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0247%	1h	0.2817	−0.183%	$39K	$700K	25x	as long as short
KuCoin USELESSUSDTM	+0.0248%	4h	0.2814	−0.300%	$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	+0.0328%	4h	0.2816	−0.211%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0368%	4h	0.2812	−0.364%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0490%	4h	0.2816	−0.207%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0508%	4h	0.2814	−0.289%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0509%	4h	0.2814	−0.275%	$23.7M	$116.1M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2814	−0.276%	$297K	$966K	5x	as long as short
BingX USELESS-USDT	+0.0960%	4h	0.2814	−0.282%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1001%	4h	0.2813	−0.310%	$27.7M	$45.7M	13x	as long as short
Aster USELESSUSDT	+0.1098%	4h	0.2817	−0.192%	$648K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1185%	4h	0.2823	+0.015%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1323%	4h	0.2824	+0.083%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1326%	4h	0.2818	−0.165%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1538%	1h	0.2819	−0.105%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.756%	$5K	$9K	5.5x	as long as short