USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter 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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter 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	0.2896	0.0100	pay 0.0013% / 1h	8m 40s	$32K	$69K	3x
Short	Lighter USELESS	0.2895	0.0096	get 0.0012% / 1h	8m 40s	$1.3M	$1.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$0.84
Price spread: −0.038% → 0.000%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.67
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 3 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 Lighter live order book, 3 min ago	2.93 bp	4.4 bp −$4	90.2 bp −$902	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 USELESSshort	+0.0096%	1h	0.2895	−0.038%	$1.3M	$1.1M	3x
Pacifica USELESSlong	+0.0100%	1h	0.2896	long leg	$32K	$69K	3x
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2893	−0.104%	$10.2M	$68.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2902	+0.176%	$49K	$176K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2900	+0.138%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2901	+0.169%	$19K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2897	+0.034%	$612K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0140%	4h	0.2897	+0.010%	$5.3M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2901	+0.145%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0440%	4h	0.2898	+0.048%	$7.3M	$8.5M	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	+0.0441%	1h	0.2909	+0.435%	$40K	$699K	25x	as long as short
edgeX USELESSUSDC	+0.0486%	4h	0.2910	+0.480%	$22K	$193K	10x	as long as short
Binance USELESSUSDT	+0.0506%	4h	0.2895	−0.061%	$24.5M	$116.9M	50x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2895	−0.031%	$11.2M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0512%	1h	0.2899	+0.090%	$307K	$1.2M	5x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2894	−0.094%	$5.6M	$9.7M	20x	as long as short
BingX USELESS-USDT	+0.0762%	4h	0.2897	+0.017%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0795%	4h	0.2896	−0.025%	$28.4M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0994%	4h	0.2915	+0.651%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1053%	4h	0.2898	+0.069%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDT	+0.1102%	4h	0.2900	+0.124%	$668K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1116%	1h	0.2899	+0.093%	$14.6M	$20.9M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1252%	4h	0.2900	+0.124%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3093	+6.784%	$5K	$9K	5.5x	as long as short