USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.030%

Price spread now: Pacifica against Aevo+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.065% dearer against Aevo than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo USELESS-PERP	0.2805	0.0224	pay 0.0028% / 1h	33m 39s	$10K	—	3x
Short	Pacifica USELESS	0.2807	0.0100	get 0.0013% / 1h	33m 39s	$31K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aevo. 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 AevobpFee PacificabpOrdersPrice spread, now +0.065%Rate

Funding earned: −$26.04
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.55
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Pacifica: no order-book sample. 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 Aevo no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Aevo and 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	0.2805	+0.003%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2807	+0.065%	$31K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2804	−0.040%	$9.9M	$63.7M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2807	+0.078%	$27K	$143K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2807	+0.071%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2833	+0.994%	$34K	$432K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2806	+0.039%	$576K	$1.2M	20x	as long as short
Aevo USELESS-PERPlong	+0.0224%	1h	0.2805	long leg	$10K	—	3x
KuCoin USELESSUSDTM	+0.0346%	4h	0.2804	−0.033%	$5.2M	$9.8M	12x	as long as short
Gate USELESS_USDT	+0.0378%	4h	0.2804	−0.022%	$7.0M	$7.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0412%	1h	0.2813	+0.284%	$40K	$699K	25x	as long as short
Binance USELESSUSDT	+0.0543%	4h	0.2807	+0.053%	$23.7M	$112.1M	50x	as long as short
Extended USELESS-USD	+0.0544%	1h	0.2806	+0.047%	$296K	$965K	5x	as long as short
MEXC USELESS_USDT	+0.0544%	4h	0.2805	+0.010%	$10.1M	$5.8M	50x	as long as short
Bitget USELESSUSDT	+0.0550%	4h	0.2805	+0.006%	$5.4M	$8.9M	20x	as long as short
edgeX USELESSUSDC	+0.0556%	4h	0.2813	+0.287%	$21K	$191K	10x	as long as short
Hyperliquid USELESS	+0.1170%	1h	0.2808	+0.113%	$14.2M	$20.0M	3x	as long as short
Aster USELESSUSDT	+0.1222%	4h	0.2807	+0.062%	$649K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1257%	4h	0.2812	+0.245%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1440%	4h	0.2807	+0.085%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1477%	4h	0.2805	+0.010%	$28.4M	$43.5M	13x	as long as short
Variational Omni USELESS	+0.1528%	4h	0.2815	+0.355%	$1.2M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1906%	4h	0.2817	+0.420%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2976	+6.099%	$5K	$9K	5.5x	as long as short