data as of
Settings8H · net · $10k
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Funding arb /

USELESS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0004%/8h
next payment, per $10,000+$0.01paid, last 24h+0.001%paid, last 5 days−0.228%to open and close $10k−$136
Long on LighterShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter USELESS0.27770.0096pay 0.0012% / 1h50m 46s$1.3M$835K3x
ShortPacifica USELESS0.27730.0100get 0.0013% / 1h50m 46s$27K$103K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0.84
Slippage, 4 orders
−$128.43
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$135.59
Break-even
1136.9 days
Slippage from Lighter: live order book, 7 min ago; Pacifica: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.119%
Avg gap 7d
−0.017%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago6.12 bp19.7 bp −$2063.7 bp −$637doesn't fitdoesn't fit
Sell Pacifica live order book, 3 min ago22.68 bp43.3 bp −$43doesn't fitdoesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
ApeX Omni USELESSUSDT+0.0012%1h$41K$679K25xas long as short
Lighter USELESSlong+0.0096%1h$1.3M$835K3x
Pacifica USELESSshort+0.0100%1h$27K$103K3x
OKX USELESS-USDT-SWAP+0.0100%4h$9.4M$49.8M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.2M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.0M12xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
HTX USELESS-USDT+0.0100%4h$20K$286K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$496K$1.4M20xas long as short
Bitget USELESSUSDT+0.0190%4h$5.3M$5.8M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Hyperliquid USELESS+0.0332%1h$12.1M$12.8M3xas long as short
Extended USELESS-USD+0.0456%1h$261K$915K5xas long as short
MEXC USELESS_USDT+0.0458%4h$16.7M$4.1M50xas long as short
edgeX USELESSUSDC+0.0461%4h$21K$184K10xas long as short
Binance USELESSUSDT+0.0479%4h$23.5M$79.9M50xas long as short
Bybit USELESSUSDT+0.0531%4h$27.1M$31.6M13xas long as short
BingX USELESS-USDT+0.0572%4h—$3.8M—as long as short
Variational Omni USELESS+0.0690%4h$1.2M$1.4M—as long as short
BloFin USELESS-USDT+0.0792%4h$1.2M$1.5M12xas long as short
Aster USELESSUSDT+0.0868%4h$583K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1122%4h$18K$1.4M10xas long as short