Funding arb · Price arb /

USELESS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica+0.108%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on HTX

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: HTX is 0.108% dearer against Pacifica than usual: you sell high and buy low, +$11 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	Pacifica USELESS	0.2850	0.0100	pay 0.0013% / 1h	5m 50s	$30K	$19K	3x
Short	HTX USELESS-USDT	0.2853	0.0100	get 0.0050% / 4h	1h 05m	$20K	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → 0.000%: $10.81
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$9.19
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; HTX: live order book, 38 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell HTX live order book, 38 min ago	54.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.2844	−0.225%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2850	long leg	$30K	$19K	3x
Bitget USELESSUSDT	+0.0100%	4h	0.2847	−0.127%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2856	+0.217%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2848	−0.085%	—	$1.4M	10x	as long as short
HTX USELESS-USDTshort	+0.0100%	4h	0.2853	+0.108%	$20K	$515K	20x
Phemex USELESSUSDT	+0.0100%	4h	0.2858	+0.273%	$655K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0106%	4h	0.2847	−0.106%	$5.2M	$10.7M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0115%	4h	0.2839	−0.394%	$9.8M	$71.0M	10x	as long as short
Aster USELESSUSDT	+0.0124%	4h	0.2843	−0.236%	$557K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2845	−0.189%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0188%	1h	0.2849	−0.043%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0258%	4h	0.2845	−0.197%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0264%	1h	0.2851	+0.012%	$242K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0266%	4h	0.2852	+0.062%	$11.9M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0268%	4h	0.2843	−0.243%	$23.6M	$124.7M	50x	as long as short
BingX USELESS-USDT	+0.0508%	4h	0.2851	+0.041%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0515%	4h	0.2840	−0.369%	$26.8M	$49.4M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0529%	1h	0.2843	−0.253%	$52K	$701K	25x	as long as short
Variational Omni USELESS	+0.0561%	4h	0.2851	+0.010%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0672%	4h	0.2843	−0.267%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0765%	4h	0.2848	−0.064%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0952%	4h	0.2852	+0.045%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3013	+5.722%	$5K	$11K	5.5x	as long as short