USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0492%/8h= −53.9% APRnext payment −$2.46 per $10,000 · paid last 24h −0.074%

Price spread now: SunX against Bitget+0.064%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2022.018% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.064%, 7d avg +0.059%

Together, before fees−0.282%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$15 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 -0.126% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.46 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	Bitget USELESSUSDT	0.2817	0.0592	pay 0.0296% / 4h	2h 55m	$5.4M	$9.8M	20x
Short	SunX USELESS-USDT	0.2818	0.0100	get 0.0050% / 4h	2h 55m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$103.32
Price spread: +0.064% → +0.059%: $0.47
Slippage, 4 orders: −$181.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$304.62
Costs to cover: 2.018%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; SunX: live order book, 9 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 Bitget live order book, 3 min ago	5.77 bp	37.2 bp −$37	127.9 bp −$1,279	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	45.79 bp	64.8 bp −$65	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	0.2817	+0.021%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	+0.066%	$31K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2823	+0.213%	$9.9M	$66.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2820	+0.124%	$7.1M	$8.3M	50x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2818	+0.064%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2821	+0.146%	$18K	$514K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2813	−0.138%	$594K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0120%	4h	0.2818	+0.039%	$5.2M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2820	+0.137%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0324%	1h	0.2864	+1.683%	$40K	$698K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0473%	4h	0.2865	+1.729%	$21K	$193K	10x	as long as short
Binance USELESSUSDT	+0.0488%	4h	0.2816	−0.016%	$23.8M	$117.4M	50x	as long as short
MEXC USELESS_USDT	+0.0492%	4h	0.2818	+0.032%	$11.0M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0496%	1h	0.2819	+0.076%	$297K	$1.2M	5x	as long as short
Polymarket Perps USELESS-USD	+0.0582%	1h	0.2819	+0.082%	$45K	$182K	3x	as long as short
Bitget USELESSUSDTlong	+0.0592%	4h	0.2817	long leg	$5.4M	$9.8M	20x
BingX USELESS-USDT	+0.0692%	4h	0.2821	+0.149%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0808%	4h	0.2822	+0.178%	$27.5M	$46.6M	13x	as long as short
Hyperliquid USELESS	+0.0869%	1h	0.2821	+0.146%	$14.1M	$21.1M	3x	as long as short
Variational Omni USELESS	+0.0962%	4h	0.2815	−0.071%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.0983%	4h	0.2836	+0.703%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDT	+0.1039%	4h	0.2820	+0.125%	$649K	$2.3M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1239%	4h	0.2818	+0.050%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3032	+7.662%	$5K	$9K	5.5x	as long as short