Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.023%

Price spread now: Pacifica against KuCoin−0.155%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Pacifica is 0.155% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2843	0.0176	pay 0.0088% / 4h	3h 30m	$5.2M	$10.1M	12x
Short	Pacifica USELESS	0.2839	0.0100	get 0.0013% / 1h	30m 11s	$32K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now −0.155%Rate

Funding earned: −$15.96
Price spread: −0.155% → 0.000%: −$15.48
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	9.48 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter USELESS	+0.0096%	1h	0.2847	+0.127%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2839	−0.155%	$32K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2847	+0.148%	$10.0M	$66.7M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2841	−0.084%	$48K	$172K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2847	+0.144%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2846	+0.084%	$19K	$507K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2842	−0.056%	$599K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMlong	+0.0176%	4h	0.2843	long leg	$5.2M	$10.1M	12x
Aevo USELESS-PERP	+0.0200%	1h	0.2845	+0.078%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0450%	4h	0.2846	+0.106%	$5.5M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended USELESS-USD	+0.0464%	1h	0.2844	+0.045%	$300K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2848	+0.155%	$10.7M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0464%	4h	0.2848	+0.186%	$24.1M	$116.3M	50x	as long as short
edgeX USELESSUSDC	+0.0469%	4h	0.2848	+0.165%	$21K	$193K	10x	as long as short
ApeX Omni USELESSUSDT	+0.0499%	1h	0.2854	+0.380%	$40K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1030%	4h	0.2840	−0.125%	$652K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1043%	4h	0.2842	−0.040%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1160%	1h	0.2853	+0.359%	$14.4M	$21.0M	3x	as long as short
Bybit USELESSUSDT	+0.1196%	4h	0.2847	+0.144%	$28.0M	$46.0M	13x	as long as short
Gate USELESS_USDT	+0.1196%	4h	0.2843	+0.007%	$7.1M	$8.4M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1265%	4h	0.2846	+0.081%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1326%	4h	0.2849	+0.200%	—	$5.1M	—	as long as short
BloFin USELESS-USDT	+0.1735%	4h	0.2840	−0.123%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+5.462%	$5K	$9K	5.5x	as long as short