Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: OKX against Pacifica−0.188%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 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: OKX is 0.188% 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	0.2824	0.0100	pay 0.0013% / 1h	31m 17s	$31K	$70K	3x
Short	OKX USELESS-USDT-SWAP	0.2819	0.0100	get 0.0050% / 4h	2h 31m	$9.9M	$66.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → 0.000%: −$18.77
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.77
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	0.53 bp	18.9 bp −$19	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 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	0.2818	−0.241%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2824	long leg	$31K	$70K	3x
OKX USELESS-USDT-SWAPshort	+0.0100%	4h	0.2819	−0.188%	$9.9M	$66.7M	10x
SunX USELESS-USDT	+0.0100%	4h	0.2821	−0.110%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2825	+0.007%	$18K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2816	−0.308%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0116%	4h	0.2824	−0.021%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0132%	4h	0.2821	−0.131%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2823	−0.053%	$10K	—	3x	as long as short
edgeX USELESSUSDC	+0.0527%	4h	0.2821	−0.106%	$21K	$194K	10x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USELESS-USD	+0.0552%	1h	0.2820	−0.146%	$301K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2822	−0.074%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0552%	4h	0.2818	−0.238%	$23.9M	$117.8M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0560%	1h	0.2825	+0.007%	$34K	$195K	3x	as long as short
Bybit USELESSUSDT	+0.0568%	4h	0.2820	−0.163%	$27.4M	$46.5M	13x	as long as short
Bitget USELESSUSDT	+0.0578%	4h	0.2819	−0.191%	$5.4M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0632%	4h	0.2822	−0.103%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0851%	4h	0.2824	−0.028%	$1.2M	$1.7M	—	as long as short
ApeX Omni USELESSUSDT	+0.0893%	1h	0.2817	−0.262%	$39K	$700K	25x	as long as short
Aster USELESSUSDT	+0.1083%	4h	0.2826	+0.046%	$649K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1269%	4h	0.2823	−0.064%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1309%	1h	0.2824	−0.011%	$14.1M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+5.686%	$5K	$9K	5.5x	as long as short