Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0458%/8h= +50.2% APRpaid last 24h +0.113%

Price spread now: MEXC against Pacifica+0.092%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.303%+$30 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 +$14 a day on $10k at the current rate, and MEXC is 0.092% dearer against Pacifica than usual: you sell high and buy low: +$9 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 0.303% in total (about 15.8% 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	0.2812	0.0100	pay 0.0013% / 1h	2m 25s	$31K	$70K	3x
Short	MEXC USELESS_USDT	0.2815	0.0558	get 0.0279% / 4h	2h 02m	$11.0M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.092%Rate

Funding earned: $96.18
Price spread: +0.092% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: $89.43
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Pacifica: no order-book sample; MEXC: live order book, 6 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 MEXC live order book, 6 min ago	0.18 bp	12.9 bp −$13	51.1 bp −$511	147.7 bp −$14.8K	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 23 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	0.2811	−0.043%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2812	long leg	$31K	$70K	3x
Gate USELESS_USDT	+0.0100%	4h	0.2807	−0.178%	$7.1M	$8.5M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2821	+0.317%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2816	+0.135%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2812	−0.004%	$611K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0119%	4h	0.2811	−0.050%	$9.9M	$65.9M	10x	as long as short
KuCoin USELESSUSDTM	+0.0184%	4h	0.2807	−0.171%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0224%	1h	0.2814	+0.078%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0356%	1h	0.2810	−0.060%	$27K	$204K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0543%	4h	0.2811	−0.050%	$21K	$194K	10x	as long as short
MEXC USELESS_USDTshort	+0.0558%	4h	0.2815	+0.092%	$11.0M	$6.0M	50x
Binance USELESSUSDT	+0.0560%	4h	0.2811	−0.021%	$23.8M	$117.0M	50x	as long as short
Extended USELESS-USD	+0.0560%	1h	0.2812	−0.014%	$298K	$1.1M	5x	as long as short
Bitget USELESSUSDT	+0.0572%	4h	0.2810	−0.064%	$5.4M	$9.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0716%	1h	0.2808	−0.142%	$39K	$698K	25x	as long as short
BingX USELESS-USDT	+0.0782%	4h	0.2811	−0.039%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0873%	4h	0.2812	−0.010%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDT	+0.0917%	4h	0.2811	−0.043%	$27.3M	$46.3M	13x	as long as short
Aster USELESSUSDT	+0.1080%	4h	0.2810	−0.075%	$626K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1234%	1h	0.2812	+0.007%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1316%	4h	0.2816	+0.128%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2977	+5.864%	$5K	$9K	5.5x	as long as short