Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0434%/8h= +47.5% APRpaid last 24h +0.118%

Price spread now: Binance against Pacifica+0.283%7-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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.283% dearer against Pacifica than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2828	0.0100	pay 0.0013% / 1h	51m 23s	$31K	$70K	3x
Short	Binance USELESSUSDT	0.2836	0.0534	get 0.0267% / 4h	51m 23s	$23.9M	$115.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.283%Rate

Funding earned: $91.17
Price spread: +0.283% → 0.000%: $28.31
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $101.47
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago	1.79 bp	13.1 bp −$13	81.9 bp −$819	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	0.2829	+0.035%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2828	long leg	$31K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2834	+0.205%	$9.9M	$66.4M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2823	−0.177%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2816	−0.424%	$19K	$493K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2807	−0.764%	$564K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0170%	1h	0.2834	+0.212%	$30K	$153K	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2823	−0.186%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0342%	4h	0.2834	+0.194%	$5.3M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0428%	4h	0.2835	+0.230%	$5.4M	$9.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0476%	4h	0.2835	+0.240%	$7.1M	$8.2M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0504%	1h	0.2822	−0.219%	$39K	$702K	25x	as long as short
edgeX USELESSUSDC	+0.0517%	4h	0.2810	−0.631%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0534%	4h	0.2836	+0.269%	$10.4M	$5.9M	50x	as long as short
Binance USELESSUSDTshort	+0.0534%	4h	0.2836	+0.283%	$23.9M	$115.4M	50x
Extended USELESS-USD	+0.0536%	1h	0.2825	−0.119%	$297K	$966K	5x	as long as short
Aster USELESSUSDT	+0.1150%	4h	0.2829	+0.035%	$651K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1162%	4h	0.2839	+0.382%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1240%	4h	0.2837	+0.301%	$28.1M	$45.4M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1332%	4h	0.2839	+0.389%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1387%	4h	0.2793	−1.231%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1497%	1h	0.2837	+0.325%	$14.1M	$20.9M	3x	as long as short
BloFin USELESS-USDT	+0.1588%	4h	0.2819	−0.318%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2991	+5.753%	$5K	$9K	5.5x	as long as short