Funding arb · Price arb /

USELESS

all USELESS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0414%/8h= −45.4% APRpaid last 24h −0.113%

Price spread now: Pacifica against Binance−0.005%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USELESSUSDT	0.2918	0.0514	pay 0.0257% / 4h	3h 11m	$24.7M	$116.7M	50x
Short	Pacifica USELESS	0.2918	0.0100	get 0.0013% / 1h	11m 45s	$33K	$69K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.005%Rate

Funding earned: −$87.02
Price spread: −0.005% → 0.000%: −$0.53
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$105.55
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 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 Binance live order book, 1 min ago	1.19 bp	17.0 bp −$17	66.1 bp −$661	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 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	0.2917	−0.036%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2918	−0.005%	$33K	$69K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2913	−0.174%	$10.3M	$68.7M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2934	+0.549%	$49K	$176K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2932	+0.450%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2932	+0.467%	$19K	$511K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2926	+0.251%	$618K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0162%	4h	0.2923	+0.159%	$5.4M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2932	+0.459%	$11K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0377%	1h	0.2907	−0.389%	$40K	$699K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0464%	4h	0.2908	−0.360%	$22K	$194K	10x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2923	+0.144%	$310K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0504%	4h	0.2919	+0.032%	$11.3M	$6.0M	50x	as long as short
Binance USELESSUSDTlong	+0.0514%	4h	0.2918	long leg	$24.7M	$116.7M	50x
Bitget USELESSUSDT	+0.0562%	4h	0.2921	+0.077%	$5.6M	$9.7M	20x	as long as short
Gate USELESS_USDT	+0.0636%	4h	0.2919	+0.018%	$7.3M	$8.4M	50x	as long as short
BingX USELESS-USDT	+0.0762%	4h	0.2920	+0.053%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0897%	4h	0.2914	−0.146%	$28.5M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0969%	4h	0.2879	−1.342%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1117%	4h	0.2908	−0.341%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDT	+0.1124%	4h	0.2929	+0.371%	$674K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1143%	1h	0.2922	+0.107%	$14.7M	$21.0M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1249%	4h	0.2932	+0.481%	$23K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3074	+5.340%	$5K	$9K	5.5x	as long as short