Funding you earn now, next payment 04:00 UTC−0.0638%/8h= −69.9% APRnext payment −$3.19 per $10,000 · paid last 24h −0.152%
Price spread now: SunX against BingX+0.032%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1661.657% of the position
Funding, last 7 days−0.298%−$30 on $10k
+Price spread, last 3 days (all we have)−0.130%−$13 · spread now +0.032%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$19 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 -0.298% in total (about -15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.19 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 | BingX USELESS-USDT | 0.2807 | 0.0738 | pay 0.0369% / 4h | 2h 08m | — | $5.1M | — |
| Short | SunX USELESS-USDT | 0.2808 | 0.0100 | get 0.0050% / 4h | 2h 08m | — | $1.4M | 10x |
BingX USELESS-USDT
SunX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against BingX. 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
- −$133.98
- Price spread: +0.032% → +0.036%
- −$0.39
- Slippage, 4 orders
- −$147.72
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$300.1
- Costs to cover
- 1.657%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 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 BingX live order book, 12 min ago | 3.90 bp | 20.0 bp −$20 | 79.5 bp −$795 | 508.2 bp −$50.8K | 1158.6 bp −$579.3K |
| Sell SunX live order book, 6 min ago | 44.76 bp | 63.9 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 23 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 | 0.2803 | −0.125% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2802 | −0.185% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2805 | −0.046% | $9.9M | $65.9M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2800 | −0.239% | $7.0M | $8.4M | 50x | as long as short |
| SunX USELESS-USDTshort | +0.0100% | 4h | 0.2808 | +0.032% | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2808 | +0.046% | $18K | $502K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2797 | −0.328% | $605K | $1.1M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0132% | 4h | 0.2802 | −0.185% | $5.2M | $10.4M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2806 | −0.029% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0404% | 1h | 0.2806 | −0.029% | $27K | $202K | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Polymarket Perps USELESS-USDShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0543% | 4h | 0.2813 | +0.234% | $21K | $194K | 10x | as long as short |
| Extended USELESS-USD | +0.0544% | 1h | 0.2804 | −0.084% | $298K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0548% | 4h | 0.2804 | −0.082% | $23.8M | $117.0M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0552% | 4h | 0.2806 | −0.036% | $11.0M | $6.0M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0582% | 4h | 0.2803 | −0.118% | $5.4M | $9.8M | 20x | as long as short |
| BingX USELESS-USDTlong | +0.0738% | 4h | 0.2807 | long leg | — | $5.1M | — | |
| Bybit USELESSUSDT | +0.0739% | 4h | 0.2807 | 0.000% | $27.3M | $46.3M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0776% | 1h | 0.2814 | +0.260% | $39K | $699K | 25x | as long as short |
| Variational Omni USELESS | +0.0901% | 4h | 0.2816 | +0.330% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1068% | 4h | 0.2799 | −0.260% | $623K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1272% | 1h | 0.2809 | +0.068% | $14.0M | $20.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1309% | 4h | 0.2805 | −0.061% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2989 | +6.477% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Bitget USELESSUSDT
Bybit USELESSUSDT
ApeX Omni USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP