USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0359%/8h= −39.4% APRnext payment −$1.80 per $10,000 · paid last 24h −0.113%

Price spread now: SunX against Binance+0.039%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1631.631% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now +0.039%, 7d avg +0.029%

Together, before fees−0.737%−$74 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 per $10,000. 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	Binance USELESSUSDT	0.2576	0.0459	pay 0.0230% / 4h	29m 17s	$21.5M	$123.3M	50x
Short	SunX USELESS-USDT	0.2577	0.0100	get 0.0050% / 4h	29m 17s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$75.48
Price spread: +0.039% → +0.029%: $1
Slippage, 4 orders: −$145.13
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$237.61
Costs to cover: 1.631%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; SunX: live order book, 6 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 Binance live order book, 14 min ago	0.20 bp	17.9 bp −$18	61.6 bp −$616	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	44.79 bp	63.6 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	0.2574	−0.093%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2580	+0.151%	$11.5M	$22.9M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2573	−0.132%	$29K	$64K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2576	+0.016%	$33K	$223K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2577	+0.039%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2569	−0.260%	$17K	$521K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2576	+0.012%	$577K	$1.0M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2572	−0.156%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0205%	4h	0.2573	−0.101%	$8.9M	$63.3M	10x	as long as short
KuCoin USELESSUSDTM	+0.0228%	4h	0.2574	−0.074%	$4.7M	$10.7M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0244%	4h	0.2573	−0.116%	$6.4M	$8.7M	50x	as long as short
Bitget USELESSUSDT	+0.0348%	4h	0.2576	+0.008%	$4.9M	$10.4M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0420%	1h	0.2558	−0.699%	$33K	$693K	25x	as long as short
Extended USELESS-USD	+0.0456%	1h	0.2576	+0.003%	$114K	$1.2M	5x	as long as short
Binance USELESSUSDTlong	+0.0459%	4h	0.2576	long leg	$21.5M	$123.3M	50x
edgeX USELESSUSDC	+0.0461%	4h	0.2566	−0.369%	$19K	$197K	10x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2580	+0.148%	$10.3M	$6.2M	50x	as long as short
Aster USELESSUSDT	+0.0506%	4h	0.2578	+0.070%	$510K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0524%	4h	0.2575	−0.058%	$24.6M	$48.6M	13x	as long as short
BingX USELESS-USDT	+0.0532%	4h	0.2576	+0.008%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0718%	4h	0.2564	−0.474%	$1.0M	$1.9M	—	as long as short
BloFin USELESS-USDT	+0.0779%	4h	0.2576	0.000%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1323%	4h	0.2578	+0.074%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+4.977%	$5K	$11K	5.5x	as long as short