Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.119%

Price spread now: MEXC against Pacifica+0.135%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 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 +$12 a day on $10k at the current rate, and MEXC is 0.135% dearer against Pacifica than usual: you sell high and buy low: +$14 more if the spread 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	0.2738	0.0100	pay 0.0013% / 1h	23m 17s	$30K	$70K	3x
Short	MEXC USELESS_USDT	0.2742	0.0498	get 0.0249% / 4h	1h 23m	$9.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: $83.58
Price spread: +0.135% → 0.000%: $13.51
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: $81.09
Costs to cover: 0.160%
Break-even: 0.2 days

Slippage unknown: Pacifica: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	1.09 bp	8.1 bp −$8	53.8 bp −$538	171.3 bp −$17.1K	581.1 bp −$290.5K

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	0.2734	−0.146%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2738	long leg	$30K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2736	−0.084%	$9.6M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2740	+0.058%	$26K	$145K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2739	+0.029%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2742	+0.131%	$18K	$488K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2727	−0.424%	$559K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2735	−0.113%	$38K	$699K	25x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2734	−0.142%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0330%	4h	0.2737	−0.026%	$5.1M	$9.8M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0380%	4h	0.2738	−0.018%	$6.9M	$8.0M	50x	as long as short
edgeX USELESSUSDC	+0.0492%	4h	0.2737	−0.025%	$20K	$191K	10x	as long as short
MEXC USELESS_USDTshort	+0.0498%	4h	0.2742	+0.135%	$9.9M	$5.9M	50x
Binance USELESSUSDT	+0.0501%	4h	0.2739	+0.037%	$23.1M	$113.5M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2738	0.000%	$287K	$965K	5x	as long as short
Bitget USELESSUSDT	+0.0520%	4h	0.2738	+0.015%	$5.3M	$9.1M	20x	as long as short
Hyperliquid USELESS	+0.0924%	1h	0.2743	+0.183%	$13.4M	$20.5M	3x	as long as short
Aster USELESSUSDT	+0.1137%	4h	0.2736	−0.072%	$642K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1255%	4h	0.2739	+0.040%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1354%	4h	0.2739	+0.033%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1381%	4h	0.2738	+0.004%	$27.4M	$44.5M	13x	as long as short
Variational Omni USELESS	+0.1473%	4h	0.2741	+0.117%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1771%	4h	0.2734	−0.150%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+7.155%	$5K	$9K	5.5x	as long as short