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 PacificaShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica USELESS0.27660.0100pay 0.0013% / 1h51m 02s$27K$103K3x
ShortLighter USELESS0.27740.0096get 0.0012% / 1h51m 02s$1.3M$835K3x

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 Pacifica: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$137.27
Break-even
never at this rate
Slippage from Pacifica: live order book, 3 min ago; Lighter: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.278%
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 Pacifica live order book, 3 min ago22.68 bp57.5 bp −$58doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago6.12 bp15.8 bp −$1699.2 bp −$992doesn'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 USELESSshort+0.0096%1h$1.3M$835K3x
Pacifica USELESSlong+0.0100%1h$27K$103K3x
OKX USELESS-USDT-SWAP+0.0100%4h$9.4M$49.7M10xas 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+0.0186%4h$5.3M$5.8M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Hyperliquid USELESS+0.0327%1h$12.1M$12.8M3xas long as short
Extended USELESS-USD+0.0456%1h$261K$915K5xas long as short
Binance USELESSUSDT+0.0458%4h$23.5M$79.9M50xas long as short
MEXC USELESS_USDT+0.0460%4h$16.6M$4.1M50xas long as short
edgeX USELESSUSDC+0.0461%4h$21K$184K10xas 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+0.0751%4h$1.2M$1.4M—as long as short
BloFin USELESS-USDT+0.0792%4h$1.2M$1.5M12xas long as short
Aster USELESSUSDT+0.0850%4h$583K$1.1M10xas long as short
Orderly PERP_USELESS_USDC+0.1122%4h$18K$1.4M10xas long as short