Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.1107%/8h= +121.2% APRpaid last 24h +0.294%
Price spread now: Orderly against Pacifica−0.007%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.081%+$108 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$33 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica USELESS0.26900.0100pay 0.0013% / 1h43m 15s$29K$18K3x
ShortOrderly PERP_USELESS_USDC0.26900.1207get 0.0604% / 4h2h 43m$21K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$232.52
Price spread: −0.007% → 0.000%
−$0.74
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$217.78
Costs to cover
0.140%
Break-even
0.4 days
Slippage unknown: Pacifica: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell Orderly no order-book sample
Pacifica and Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2689−0.037%$1.2M$1.2M3xas long as short
Hyperliquid USELESS+0.0100%1h0.2691+0.030%$11.7M$22.5M3xas long as short
Aster USELESSUSDT+0.0100%4h0.2686−0.133%$527K$2.3M10xas long as short
Pacifica USELESSlong+0.0100%1h0.2690long leg$29K$18K3x
Polymarket Perps USELESS-USD+0.0100%1h0.2690+0.022%$26K$244K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2691+0.037%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2684−0.227%$18K$519K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.26900.000%$636K$1.1M20xas long as short
Bitget USELESSUSDT+0.0114%4h0.2688−0.052%$5.1M$10.3M20xas long as short
OKX USELESS-USDT-SWAP+0.0125%4h0.2690−0.004%$9.1M$65.2M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aevo USELESS-PERP+0.0136%1h0.2686−0.157%$10K3xas long as short
KuCoin USELESSUSDTM+0.0142%4h0.2689−0.030%$4.9M$10.6M12xas long as short
MEXC USELESS_USDT+0.0224%4h0.2691+0.041%$10.9M$6.0M50xas long as short
Extended USELESS-USD+0.0232%1h0.2689−0.032%$114K$1.1M5xas long as short
Binance USELESSUSDT+0.0233%4h0.2689−0.034%$22.4M$121.5M50xas long as short
edgeX USELESSUSDC+0.0243%4h0.2683−0.270%$20K$197K10xas long as short
Bybit USELESSUSDT+0.0420%4h0.2688−0.056%$25.3M$48.3M13xas long as short
BingX USELESS-USDT+0.0438%4h0.2688−0.074%$5.3Mas long as short
Variational Omni USELESS+0.0499%4h0.2676−0.529%$1.1M$1.8Mas long as short
Gate USELESS_USDT+0.0564%4h0.2683−0.245%$6.7M$8.5M50xas long as short
BloFin USELESS-USDT+0.0660%4h0.2688−0.082%$1.1M$2.0M12xas long as short
ApeX Omni USELESSUSDT+0.0714%1h0.2684−0.216%$47K$698K25xas long as short
Orderly PERP_USELESS_USDCshort+0.1207%4h0.2690−0.007%$21K$1.2M10x
Injective USELESS/USDC PERP+0.5000%1h0.2826+5.071%$5K$11K5.5xas long as short