Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0964%/8h= −105.5% APRpaid last 24h −0.233%

Price spread now: Pacifica against Aster+0.161%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.161% dearer against Aster than usual: you sell high and buy low (spread +0.161% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster USELESSUSDT	0.2811	0.1064	pay 0.0532% / 4h	2h 29m	$645K	$2.3M	10x
Short	Pacifica USELESS	0.2815	0.0100	get 0.0013% / 1h	29m 31s	$31K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now +0.161%Rate

Funding earned: −$202.35
Price spread: +0.161% → 0.000%: $16.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$202.2
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aster: live order book, 4 min ago; 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 Aster live order book, 4 min ago	6.32 bp	26.5 bp −$27	145.2 bp −$1,452	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

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	0.2813	+0.081%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2815	+0.161%	$31K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2807	−0.140%	$9.9M	$66.3M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2824	+0.458%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2829	+0.654%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2818	+0.238%	$606K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0104%	4h	0.2805	−0.207%	$5.2M	$10.3M	12x	as long as short
Gate USELESS_USDT	+0.0106%	4h	0.2803	−0.264%	$7.1M	$8.4M	50x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2822	+0.391%	$10K	—	3x	as long as short
Bybit USELESSUSDT	+0.0516%	4h	0.2808	−0.104%	$27.3M	$46.6M	13x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0535%	1h	0.2813	+0.088%	$32K	$197K	3x	as long as short
MEXC USELESS_USDT	+0.0540%	4h	0.2808	−0.100%	$10.9M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0542%	4h	0.2809	−0.079%	$23.8M	$117.6M	50x	as long as short
Extended USELESS-USD	+0.0544%	1h	0.2815	+0.162%	$301K	$1.2M	5x	as long as short
edgeX USELESSUSDC	+0.0550%	4h	0.2821	+0.362%	$21K	$195K	10x	as long as short
Bitget USELESSUSDT	+0.0570%	4h	0.2804	−0.253%	$5.3M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0632%	4h	0.2808	−0.093%	—	$5.1M	—	as long as short
ApeX Omni USELESSUSDT	+0.0827%	1h	0.2826	+0.536%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0851%	4h	0.2824	+0.451%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDTlong	+0.1064%	4h	0.2811	long leg	$645K	$2.3M	10x
Orderly PERP_USELESS_USDC	+0.1269%	4h	0.2809	−0.079%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESS	+0.1307%	1h	0.2815	+0.145%	$14.1M	$20.9M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2985	+6.193%	$5K	$9K	5.5x	as long as short