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 +0.022%

Price spread now: KuCoin against Pacifica−0.038%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 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: KuCoin is 0.038% cheaper against Pacifica than usual: you would sell low and buy high, −$4 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	0.2752	0.0100	pay 0.0013% / 1h	56m 37s	$29K	$19K	3x
Short	KuCoin USELESSUSDTM	0.2751	0.0100	get 0.0050% / 4h	1h 56m	$5.0M	$10.6M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → 0.000%: −$3.82
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.82
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	7.96 bp	49.7 bp −$50	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	0.2751	−0.049%	$1.3M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2752	−0.024%	$539K	$2.1M	10x	as long as short
Pacifica USELESSlong	+0.0100%	1h	0.2752	long leg	$29K	$19K	3x
KuCoin USELESSUSDTMshort	+0.0100%	4h	0.2751	−0.038%	$5.0M	$10.6M	12x
Bitget USELESSUSDT	+0.0100%	4h	0.2752	−0.020%	$5.3M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2754	+0.078%	$26K	$256K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2756	+0.133%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2740	−0.445%	$19K	$517K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2756	+0.147%	$642K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0136%	1h	0.2753	+0.029%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid USELESS	+0.0145%	1h	0.2752	−0.005%	$11.9M	$23.3M	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0157%	4h	0.2755	+0.107%	$9.5M	$68.0M	10x	as long as short
edgeX USELESSUSDC	+0.0221%	4h	0.2762	+0.341%	$21K	$195K	10x	as long as short
Binance USELESSUSDT	+0.0230%	4h	0.2751	−0.028%	$22.8M	$123.1M	50x	as long as short
MEXC USELESS_USDT	+0.0230%	4h	0.2752	+0.005%	$11.2M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0232%	1h	0.2751	−0.041%	$137K	$1.2M	5x	as long as short
Gate USELESS_USDT	+0.0290%	4h	0.2752	+0.002%	$6.9M	$8.6M	50x	as long as short
BingX USELESS-USDT	+0.0384%	4h	0.2756	+0.129%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0414%	4h	0.2755	+0.085%	$25.9M	$48.6M	13x	as long as short
Variational Omni USELESS	+0.0486%	4h	0.2761	+0.321%	$1.0M	$1.8M	—	as long as short
ApeX Omni USELESSUSDT	+0.0494%	1h	0.2761	+0.318%	$49K	$701K	25x	as long as short
BloFin USELESS-USDT	+0.0654%	4h	0.2757	+0.183%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1079%	4h	0.2757	+0.173%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2924	+6.259%	$5K	$11K	5.5x	as long as short