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

USELESS

all USELESS markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0581%/8h= −63.6% APRpaid last 24h −0.118%
Price spread now: Pacifica against Binance−0.014%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−0.284%−$28 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: −$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.284% in total (about -14.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USELESSUSDT0.29400.0681pay 0.0341% / 4h2h 23m$25.4M$109.2M50x
ShortPacifica USELESS0.29400.0100get 0.0013% / 1h23m 36s$33K$70K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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
−$122.02
Price spread: −0.014% → 0.000%
−$1.43
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$141.45
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 4 min ago; Pacifica: 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 Binance live order book, 4 min ago1.52 bp14.8 bp −$1564.4 bp −$644doesn't fitdoesn't fit
Sell Pacifica no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2939−0.048%$1.4M$1.1M3xas long as short
Pacifica USELESSshort+0.0100%1h0.2940−0.014%$33K$70K3x
OKX USELESS-USDT-SWAP+0.0100%4h0.2935−0.173%$10.5M$65.6M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2948+0.269%$29K$137K3xas long as short
SunX USELESS-USDT+0.0100%4h0.2947+0.224%$1.4M10xas long as short
HTX USELESS-USDT+0.0100%4h0.2931−0.323%$20K$379K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2938−0.071%$586K$1.2M20xas long as short
KuCoin USELESSUSDTM+0.0228%4h0.2938−0.085%$5.5M$9.6M12xas long as short
Aevo USELESS-PERP+0.0240%1h0.2948+0.258%$11K3xas long as short
Gate USELESS_USDT+0.0420%4h0.2935−0.180%$7.3M$7.8M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni USELESSUSDT+0.0470%1h0.2959+0.629%$42K$698K25xas long as short
Bitget USELESSUSDT+0.0548%4h0.2937−0.136%$5.6M$8.7M20xas long as short
edgeX USELESSUSDC+0.0653%4h0.2965+0.819%$22K$189K10xas long as short
Extended USELESS-USD+0.0680%1h0.2937−0.116%$310K$967K5xas long as short
MEXC USELESS_USDT+0.0680%4h0.2941+0.024%$10.4M$5.8M50xas long as short
Binance USELESSUSDTlong+0.0681%4h0.2940long leg$25.4M$109.2M50x
Orderly PERP_USELESS_USDC+0.1184%4h0.2948+0.241%$22K$1.4M10xas long as short
BingX USELESS-USDT+0.1278%4h0.2935−0.194%$4.9Mas long as short
Variational Omni USELESS+0.1334%4h0.2964+0.785%$1.2M$1.6Mas long as short
Bybit USELESSUSDT+0.1338%4h0.2938−0.102%$29.6M$42.5M13xas long as short
Aster USELESSUSDT+0.1393%4h0.2946+0.202%$680K$2.1M10xas long as short
Hyperliquid USELESS+0.1582%1h0.2947+0.228%$15.1M$19.6M3xas long as short
BloFin USELESS-USDT+0.1785%4h0.2957+0.575%$1.2M$2.0M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3137+6.669%$5K$10K5.5xas long as short