Spread before costs (cost unknown: a leg has no order-book sample)+0.091%
7d average—if it closes, per $10,000$9funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex USELESSUSDT | 0.2842 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $516K | $1.2M | 20x |
| Short | Pacifica USELESS | 0.2845 | 0.0100 | get 0.0013% / 1h | 45m 37s | $32K | $76K | 3x |
Phemex USELESSUSDT
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
- $9.15
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$10.85
- Spread needed to break even
- 0.200%
Slippage unknown: Phemex: live order book, 4 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Phemex live order book, 4 min ago | 5.10 bp | 41.7 bp −$42 | 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 price on every exchange
against the cheapest. Click to use as the short leg.HTX0.2838cheapestBloFin0.2839+0.004%edgeX0.2841+0.083%Polymarket Perps0.2841+0.102%KuCoin0.2842+0.113%
HTX
BloFin
Polymarket Perps
KuCoinPhemex0.2842+0.127%
Aster0.2843+0.142%Orderly0.2843+0.144%Gate0.2843+0.162%SunX0.2844+0.208%Lighter0.2845+0.215%Aevo0.2845+0.215%
Aster
Orderly
Gate
SunX
Lighter
AevoPacifica0.2845+0.218%
Variational Omni0.2845+0.219%OKX0.2848+0.317%Hyperliquid0.2848+0.335%Bybit0.2848+0.345%Bitget0.2848+0.352%MEXC0.2849+0.356%Extended0.2849+0.371%Binance0.2849+0.381%ApeX Omni0.2850+0.405%BingX0.2851+0.426%Injective0.2937+3.474%
Variational Omni
OKX
Hyperliquid
Bybit
Bitget
MEXC
Extended
Binance
ApeX Omni
BingX
InjectiveUSELESS on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX USELESS-USDT | −0.127% | +0.0100% | 4h | $21K | $337K | 20x | as long as short |
| BloFin USELESS-USDT | −0.123% | +0.0590% | 4h | $1.2M | $1.7M | 12x | as long as short |
| edgeX USELESSUSDC | −0.043% | +0.0384% | 4h | $22K | $187K | 10x | as long as short |
| Polymarket Perps USELESS-USD | −0.025% | +0.0100% | 1h | $27K | $118K | 3x | as long as short |
| KuCoin USELESSUSDTM | −0.014% | +0.0100% | 4h | $5.1M | $7.9M | 12x | as long as short |
| Phemex USELESSUSDTlong | 0.000% | +0.0100% | 4h | $516K | $1.2M | 20x | |
| Aster USELESSUSDT | +0.016% | +0.0860% | 4h | $589K | $1.8M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.018% | +0.0918% | 4h | $22K | $1.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.035% | +0.0100% | 4h | $6.8M | $6.5M | 50x | as long as short |
| SunX USELESS-USDT | +0.081% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.088% | +0.0096% | 1h | $1.3M | $944K | 3x | as long as short |
| Aevo USELESS-PERP | +0.088% | +0.0176% | 1h | $10K | — | 3x | as long as short |
| Pacifica USELESSshort | +0.091% | +0.0100% | 1h | $32K | $76K | 3x | |
| Variational Omni USELESS | +0.092% | +0.0370% | 4h | $1.2M | $1.5M | — | as long as short |
| OKX USELESS-USDT-SWAP | +0.190% | +0.0100% | 4h | $9.7M | $57.8M | 10x | as long as short |
| Hyperliquid USELESS | +0.208% | +0.0723% | 1h | $13.8M | $15.7M | 3x | as long as short |
| Bybit USELESSUSDT | +0.218% | +0.0344% | 4h | $27.9M | $37.3M | 13x | as long as short |
| Bitget USELESSUSDT | +0.225% | +0.0156% | 4h | $5.4M | $7.1M | 20x | as long as short |
| MEXC USELESS_USDT | +0.229% | +0.0378% | 4h | $18.9M | $4.9M | 50x | as long as short |
| Extended USELESS-USD | +0.244% | +0.0376% | 1h | $260K | $921K | 5x | as long as short |
| Binance USELESSUSDT | +0.254% | +0.0378% | 4h | $24.2M | $93.8M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.278% | +0.0100% | 1h | $35K | $695K | 25x | as long as short |
| BingX USELESS-USDT | +0.299% | +0.0392% | 4h | — | $4.4M | — | as long as short |
| Injective USELESS/USDC PERP | +3.343% | −0.5000% | 1h | $855 | $14K | 5.5x | as long as short |