Funding you earn now, next payment 00:00 UTC−0.0417%/8h= −45.6% APRpaid last 24h −0.116%
Price spread now: Pacifica against edgeX+0.635%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropedgeX: Active · Pacifica: Active · farm boardneeds both histories
The price spread pays, funding is against you. Pacifica is 0.635% dearer against edgeX than usual: you sell high and buy low (spread +0.635% now, against zero (this spread has no 7-day history yet)): +$64 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.275% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.275% in total (about -14.3% 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 | edgeX USELESSUSDC | 0.2810 | 0.0517 | pay 0.0258% / 4h | 51m 11s | $21K | $191K | 10x |
| Short | Pacifica USELESS | 0.2828 | 0.0100 | get 0.0013% / 1h | 51m 11s | $31K | $70K | 3x |
edgeX USELESSUSDC
Pacifica USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against edgeX. 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
- −$87.48
- Price spread: +0.635% → 0.000%
- $63.5
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$40.98
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: edgeX: live order book, 25 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 edgeX live order book, 25 min ago | 1.28 bp | 84.4 bp −$84 | doesn't fit | 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 | 0.2839 | +1.023% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESSshort | +0.0100% | 1h | 0.2828 | +0.635% | $31K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2844 | +1.187% | $9.9M | $66.7M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2843 | +1.151% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2832 | +0.777% | $19K | $493K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2827 | +0.592% | $568K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0170% | 1h | 0.2834 | +0.849% | $30K | $153K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2838 | +0.966% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0342% | 4h | 0.2834 | +0.831% | $5.3M | $9.9M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0428% | 4h | 0.2837 | +0.952% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0476% | 4h | 0.2835 | +0.877% | $7.1M | $8.2M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0504% | 1h | 0.2822 | +0.414% | $39K | $702K | 25x | as long as short |
| edgeX USELESSUSDClong | +0.0517% | 4h | 0.2810 | long leg | $21K | $191K | 10x | |
| MEXC USELESS_USDT | +0.0534% | 4h | 0.2836 | +0.905% | $10.4M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0534% | 4h | 0.2842 | +1.135% | $23.9M | $115.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0536% | 1h | 0.2836 | +0.930% | $298K | $966K | 5x | as long as short |
| Aster USELESSUSDT | +0.1150% | 4h | 0.2830 | +0.698% | $651K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1162% | 4h | 0.2839 | +1.019% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1240% | 4h | 0.2843 | +1.165% | $28.2M | $45.4M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1332% | 4h | 0.2839 | +1.026% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1387% | 4h | 0.2793 | −0.604% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1497% | 1h | 0.2837 | +0.962% | $14.1M | $20.9M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1572% | 4h | 0.2842 | +1.133% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2988 | +6.328% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP