Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−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 Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 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: HTX is 0.155% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica USELESS	0.2956	0.0100	pay 0.0013% / 1h	54m 54s	$31K	$18K	3x
Short	HTX USELESS-USDT	0.2951	0.0100	get 0.0050% / 4h	1h 54m	$39K	$546K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → 0.000%: −$15.46
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; HTX: live order book, 56 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 HTX live order book, 56 min ago	54.53 bp	doesn't fit	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 exchanges

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
Injective USELESS/USDC PERP	+0.0033%	1h	0.3187	+7.844%	$5K	$10K	5.5x	as long as short
Lighter USELESS	+0.0096%	1h	0.2957	+0.031%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2956	long leg	$31K	$18K	3x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2948	−0.273%	$29K	$284K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2953	−0.090%	—	$1.3M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2951	−0.155%	$39K	$546K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2948	−0.256%	$691K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0114%	4h	0.2955	−0.023%	$5.5M	$10.6M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0120%	4h	0.2957	+0.035%	$11.0M	$74.3M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2948	−0.262%	$11K	—	3x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0250%	4h	0.2956	+0.011%	$5.8M	$10.8M	20x	as long as short
Gate USELESS_USDT	+0.0350%	4h	0.2954	−0.036%	$7.4M	$8.4M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0377%	1h	0.2937	−0.628%	$56K	$688K	25x	as long as short
Aster USELESSUSDT	+0.0474%	4h	0.2959	+0.131%	$641K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0579%	4h	0.2957	+0.061%	$22K	$200K	10x	as long as short
MEXC USELESS_USDT	+0.0602%	4h	0.2958	+0.086%	$15.7M	$7.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2957	+0.037%	$281K	$1.7M	5x	as long as short
Binance USELESSUSDT	+0.0609%	4h	0.2958	+0.069%	$25.4M	$131.5M	50x	as long as short
Hyperliquid USELESS	+0.0939%	1h	0.2959	+0.113%	$13.7M	$23.4M	3x	as long as short
BingX USELESS-USDT	+0.1048%	4h	0.2956	+0.028%	—	$5.7M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1114%	4h	0.2954	−0.067%	$24K	$1.9M	10x	as long as short
Bybit USELESSUSDT	+0.1121%	4h	0.2957	+0.055%	$29.1M	$52.3M	13x	as long as short
Variational Omni USELESS	+0.1163%	4h	0.2963	+0.265%	$1.2M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.1497%	4h	0.2956	+0.008%	$1.3M	$2.3M	12x	as long as short