Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.051%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.051% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX USELESS-USDT	0.2963	0.0100	pay 0.0050% / 4h	2h 31m	$20K	$378K	20x
Short	Pacifica USELESS	0.2964	0.0100	get 0.0013% / 1h	31m 17s	$33K	$70K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → 0.000%: $5.06
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.94
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 56 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 HTX live order book, 56 min ago	32.88 bp	doesn't fit	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	0.2965	+0.098%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESSshort	+0.0100%	1h	0.2964	+0.051%	$33K	$70K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2963	−0.003%	$10.5M	$66.2M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2963	+0.027%	$29K	$137K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2963	+0.020%	—	$1.4M	10x	as long as short
HTX USELESS-USDTlong	+0.0100%	4h	0.2963	long leg	$20K	$378K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2961	−0.047%	$589K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0206%	4h	0.2963	0.000%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2967	+0.154%	$11K	—	3x	as long as short
Gate USELESS_USDT	+0.0470%	4h	0.2960	−0.101%	$7.4M	$7.7M	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	+0.0528%	1h	0.2962	−0.020%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0536%	4h	0.2965	+0.088%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0669%	4h	0.2967	+0.133%	$22K	$190K	10x	as long as short
MEXC USELESS_USDT	+0.0678%	4h	0.2963	+0.010%	$10.5M	$5.8M	50x	as long as short
Extended USELESS-USD	+0.0680%	1h	0.2965	+0.088%	$311K	$967K	5x	as long as short
Binance USELESSUSDT	+0.0681%	4h	0.2966	+0.113%	$25.6M	$109.1M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1161%	4h	0.2965	+0.098%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1256%	4h	0.2936	−0.900%	$1.2M	$1.7M	—	as long as short
BingX USELESS-USDT	+0.1292%	4h	0.2965	+0.084%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1395%	4h	0.2965	+0.084%	$29.8M	$42.5M	13x	as long as short
Aster USELESSUSDT	+0.1398%	4h	0.2970	+0.235%	$685K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1568%	1h	0.2966	+0.115%	$15.2M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1730%	4h	0.2965	+0.074%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3142	+6.062%	$5K	$10K	5.5x	as long as short