Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Polymarket Perps against Pacifica+0.045%48s7-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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 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: Polymarket Perps is 0.045% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2690	0.0100	pay 0.0013% / 1h	43m 41s	$29K	$18K	3x
Short	Polymarket Perps USELESS-USD	0.2691	0.0100	get 0.0013% / 1h	43m 41s	$26K	$244K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → 0.000%: $4.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$11.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 3 min ago	0.37 bp	75.2 bp −$75	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	0.2690	+0.022%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2691	+0.041%	$11.7M	$22.5M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2688	−0.076%	$527K	$2.3M	10x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2690	long leg	$29K	$18K	3x
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2691	+0.045%	$26K	$244K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2692	+0.100%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2690	+0.011%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2692	+0.100%	$637K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0114%	4h	0.2692	+0.093%	$5.1M	$10.3M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0131%	4h	0.2690	+0.007%	$9.1M	$65.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0136%	1h	0.2685	−0.174%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2688	−0.059%	$4.9M	$10.6M	12x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2691	+0.028%	$114K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0224%	4h	0.2691	+0.026%	$10.8M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0233%	4h	0.2692	+0.063%	$22.4M	$121.4M	50x	as long as short
edgeX USELESSUSDC	+0.0243%	4h	0.2683	−0.270%	$20K	$197K	10x	as long as short
Bybit USELESSUSDT	+0.0410%	4h	0.2690	+0.019%	$25.4M	$48.3M	13x	as long as short
BingX USELESS-USDT	+0.0438%	4h	0.2693	+0.134%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0499%	4h	0.2676	−0.529%	$1.1M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0564%	4h	0.2687	−0.115%	$6.7M	$8.5M	50x	as long as short
BloFin USELESS-USDT	+0.0600%	4h	0.2686	−0.141%	$1.1M	$2.0M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0823%	1h	0.2681	−0.327%	$47K	$698K	25x	as long as short
Orderly PERP_USELESS_USDC	+0.1211%	4h	0.2690	+0.011%	$21K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+5.071%	$5K	$11K	5.5x	as long as short