Funding you earn now, next payment 01:00 UTC−0.0287%/8h= −31.4% APRpaid last 24h −0.042%
Price spread now: SunX against ApeX Omni+1.183%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)−1.158%−$116 · spread now +1.183%, 7d avg +0.027%
=The price spread pays, funding is against you. SunX is 1.156% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.183% now, against its 7-day average of +0.027%): +$116 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.082% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni USELESSUSDT | 0.2874 | 0.0387 | pay 0.0048% / 1h | 14m 21s | $40K | $699K | 25x |
| Short | SunX USELESS-USDT | 0.2908 | 0.0100 | get 0.0050% / 4h | 3h 14m | — | $1.4M | 10x |
ApeX Omni USELESSUSDT
SunX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$60.24
- Price spread: +1.183% → +0.027%
- $115.63
- Slippage, 4 orders
- −$143.29
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$105.91
- Costs to cover
- 1.613%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 59 min ago; SunX: live order book, 10 min ago.
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 ApeX Omni live order book, 59 min ago | 8.89 bp | 16.9 bp −$17 | 106.2 bp −$1,062 | doesn't fit | doesn't fit |
| Sell SunX live order book, 10 min ago | 44.94 bp | 63.9 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2915 | +1.434% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2910 | +1.263% | $33K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2926 | +1.795% | $10.3M | $68.8M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2921 | +1.642% | $50K | $175K | 3x | as long as short |
| SunX USELESS-USDTshort | +0.0100% | 4h | 0.2908 | +1.183% | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2913 | +1.347% | $19K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2906 | +1.127% | $615K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0150% | 4h | 0.2922 | +1.660% | $5.4M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2904 | +1.051% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.0387% | 1h | 0.2874 | long leg | $40K | $699K | 25x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0470% | 4h | 0.2878 | +0.124% | $21K | $194K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0486% | 4h | 0.2922 | +1.674% | $11.2M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0488% | 1h | 0.2924 | +1.739% | $308K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0503% | 4h | 0.2924 | +1.742% | $24.7M | $116.5M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0554% | 4h | 0.2923 | +1.688% | $5.6M | $9.6M | 20x | as long as short |
| Gate USELESS_USDT | +0.0668% | 4h | 0.2921 | +1.625% | $7.3M | $8.4M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0802% | 4h | 0.2924 | +1.754% | $28.7M | $46.4M | 13x | as long as short |
| BingX USELESS-USDT | +0.0866% | 4h | 0.2924 | +1.750% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.0969% | 4h | 0.2879 | +0.181% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1077% | 4h | 0.2924 | +1.733% | $672K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1148% | 1h | 0.2924 | +1.726% | $14.7M | $21.0M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1192% | 4h | 0.2913 | +1.371% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1245% | 4h | 0.2925 | +1.788% | $23K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3049 | +6.096% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
Gate USELESS_USDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP