Spread before costs (cost unknown: a leg has no order-book sample)+1.033%
7d average−0.037%if it closes, per $10,000$103funding while held, a day−$25.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2903 | 0.0965 | pay 0.0483% / 4h | 2h 38m | $22K | $1.4M | 10x |
| Short | Pacifica USELESS | 0.2932 | 0.0100 | get 0.0013% / 1h | 38m 36s | $29K | $83K | 3x |
Orderly PERP_USELESS_USDC
Pacifica USELESSPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $103.26
- Funding while held
- −$25.96
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $63.3
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 65 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0865%
- Per $10,000 a day
- −$25.96
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 65 min ago | 35.87 bp | 55.9 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2722cheapest
Variational Omni0.2881+5.837%ApeX Omni0.2883+5.895%edgeX0.2887+6.037%HTX0.2894+6.310%Polymarket Perps0.2900+6.516%Aevo0.2901+6.554%SunX0.2902+6.579%BloFin0.2902+6.601%
Injective
Variational Omni
ApeX Omni
HTX
Polymarket Perps
Aevo
SunX
BloFinOrderly0.2903+6.612%
Phemex0.2912+6.964%Bybit0.2921+7.291%OKX0.2921+7.298%Binance0.2930+7.640%
Phemex
Bybit
OKX
BinancePacifica0.2932+7.712%
Aster0.2937+7.874%KuCoin0.2938+7.901%BingX0.2938+7.904%Gate0.2938+7.930%Bitget0.2939+7.934%Extended0.2939+7.949%MEXC0.2940+7.974%Lighter0.2940+7.982%Hyperliquid0.2946+8.206%
Aster
KuCoin
BingX
Gate
Bitget
Extended
MEXC
Lighter
HyperliquidUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USELESS/USDC PERP | −6.202% | −0.5000% | 1h | $3K | $16K | 5.5x | as long as short |
| Variational Omni USELESS | −0.727% | +0.0353% | 4h | $1.2M | $1.5M | — | as long as short |
| ApeX Omni USELESSUSDT | −0.672% | +0.0100% | 1h | $35K | $695K | 25x | as long as short |
| edgeX USELESSUSDC | −0.539% | +0.0436% | 4h | $22K | $185K | 10x | as long as short |
| HTX USELESS-USDT | −0.283% | +0.0100% | 4h | $21K | $330K | 20x | as long as short |
| Polymarket Perps USELESS-USD | −0.090% | +0.0100% | 1h | $28K | $112K | 3x | as long as short |
| Aevo USELESS-PERP | −0.054% | +0.0184% | 1h | $10K | — | 3x | as long as short |
| SunX USELESS-USDT | −0.031% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| BloFin USELESS-USDT | −0.010% | +0.0453% | 4h | $1.2M | $1.7M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | 0.000% | +0.0965% | 4h | $22K | $1.4M | 10x |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex USELESSUSDT | +0.331% | +0.0810% | 4h | $537K | $1.3M | 20x | as long as short |
| Bybit USELESSUSDT | +0.637% | +0.0154% | 4h | $28.8M | $36.7M | 13x | as long as short |
| OKX USELESS-USDT-SWAP | +0.644% | +0.0100% | 4h | $10.0M | $58.4M | 10x | as long as short |
| Binance USELESSUSDT | +0.965% | +0.0429% | 4h | $24.8M | $91.4M | 50x | as long as short |
| Pacifica USELESSshort | +1.033% | +0.0100% | 1h | $29K | $83K | 3x | |
| Aster USELESSUSDT | +1.184% | +0.1007% | 4h | $686K | $1.6M | 10x | as long as short |
| KuCoin USELESSUSDTM | +1.209% | +0.0100% | 4h | $5.3M | $7.6M | 12x | as long as short |
| BingX USELESS-USDT | +1.213% | +0.0422% | 4h | — | $4.4M | — | as long as short |
| Gate USELESS_USDT | +1.237% | +0.0100% | 4h | $6.9M | $6.2M | 50x | as long as short |
| Bitget USELESSUSDT | +1.240% | +0.0100% | 4h | $5.5M | $6.9M | 20x | as long as short |
| Extended USELESS-USD | +1.255% | +0.0424% | 1h | $274K | $912K | 5x | as long as short |
| MEXC USELESS_USDT | +1.278% | +0.0424% | 4h | $19.1M | $4.8M | 50x | as long as short |
| Lighter USELESS | +1.285% | +0.0096% | 1h | $1.4M | $1.0M | 3x | as long as short |
| Hyperliquid USELESS | +1.495% | +0.0911% | 1h | $14.2M | $15.0M | 3x | as long as short |