Funding you earn now, next payment 22:00 UTC−0.1252%/8h= −137.1% APRpaid last 24h −0.131%
Price spread now: Pacifica against Bybit−0.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.308%−$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Pacifica is 0.108% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.308% in total (about -16.0% 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 | Bybit USELESSUSDT | 0.2961 | 0.1352 | pay 0.0676% / 4h | 2h 27m | $29.8M | $42.5M | 13x |
| Short | Pacifica USELESS | 0.2958 | 0.0100 | get 0.0013% / 1h | 27m 22s | $33K | $70K | 3x |
Bybit USELESSUSDT
Pacifica USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$262.9
- Price spread: −0.108% → 0.000%
- −$10.81
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$292.71
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bybit: 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 Bybit live order book, 1 min ago | 0.85 bp | 23.7 bp −$24 | 101.1 bp −$1,011 | 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 | 0.2959 | −0.061% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESSshort | +0.0100% | 1h | 0.2958 | −0.108% | $33K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2962 | +0.037% | $10.6M | $66.2M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2964 | +0.084% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2966 | +0.155% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2940 | −0.702% | $20K | $378K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2948 | −0.446% | $587K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0212% | 4h | 0.2957 | −0.135% | $5.5M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2962 | +0.041% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0446% | 4h | 0.2955 | −0.196% | $7.4M | $7.8M | 50x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0491% | 1h | 0.2960 | −0.041% | $42K | $699K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0538% | 4h | 0.2964 | +0.098% | $5.6M | $8.7M | 20x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2961 | −0.013% | $312K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0666% | 4h | 0.2965 | +0.128% | $10.5M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0668% | 4h | 0.2965 | +0.122% | $25.6M | $109.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0675% | 4h | 0.2969 | +0.269% | $22K | $190K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1167% | 4h | 0.2962 | +0.027% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1281% | 4h | 0.2965 | +0.128% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1318% | 4h | 0.2963 | +0.053% | $1.2M | $1.7M | — | as long as short |
| Bybit USELESSUSDTlong | +0.1352% | 4h | 0.2961 | long leg | $29.8M | $42.5M | 13x | |
| Aster USELESSUSDT | +0.1380% | 4h | 0.2951 | −0.331% | $681K | $2.1M | 10x | as long as short |
| Hyperliquid USELESS | +0.1594% | 1h | 0.2967 | +0.203% | $15.2M | $19.6M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1775% | 4h | 0.2959 | −0.061% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3131 | +5.731% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP