USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1314%/8h= −143.9% APRnext payment −$6.57 per $10,000 · paid last 24h −0.131%

Price spread now: SunX against Bybit+0.506%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1711.714% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)−0.960%−$96 · spread now +0.506%, 7d avg +0.033%

Together, before fees−1.186%−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.472% dearer against Bybit than usual: you sell high and buy low (spread +0.506% now, against its 7-day average of +0.033%): +$47 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.227% in total) that is about 15 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.57 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	Bybit USELESSUSDT	0.2927	0.1414	pay 0.0707% / 4h	2h 44m	$29.4M	$42.7M	13x
Short	SunX USELESS-USDT	0.2942	0.0100	get 0.0050% / 4h	2h 44m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.506%Rate

Funding earned: −$275.88
Price spread: +0.506% → +0.033%: $47.22
Slippage, 4 orders: −$152.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$400.07
Costs to cover: 1.714%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	1.20 bp	21.8 bp −$22	53.9 bp −$539	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	44.87 bp	64.0 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	0.2925	−0.075%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2937	+0.321%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2926	−0.041%	$10.4M	$65.4M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2925	−0.072%	$42K	$696K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2940	+0.454%	$29K	$135K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2942	+0.506%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2925	−0.075%	$20K	$376K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2921	−0.198%	$580K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0160%	4h	0.2939	+0.403%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2929	+0.077%	$11K	—	3x	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	+0.0308%	4h	0.2934	+0.239%	$7.3M	$7.7M	50x	as long as short
Bitget USELESSUSDT	+0.0558%	4h	0.2926	−0.048%	$5.5M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0669%	4h	0.2925	−0.059%	$22K	$190K	10x	as long as short
MEXC USELESS_USDT	+0.0692%	4h	0.2939	+0.403%	$10.4M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0692%	4h	0.2927	−0.017%	$25.2M	$109.1M	50x	as long as short
Extended USELESS-USD	+0.0696%	1h	0.2927	+0.014%	$308K	$967K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1134%	4h	0.2931	+0.147%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1247%	4h	0.2932	+0.153%	$1.2M	$1.7M	—	as long as short
BingX USELESS-USDT	+0.1312%	4h	0.2937	+0.331%	—	$4.9M	—	as long as short
Aster USELESSUSDT	+0.1364%	4h	0.2935	+0.281%	$676K	$2.1M	10x	as long as short
Bybit USELESSUSDTlong	+0.1414%	4h	0.2927	long leg	$29.4M	$42.7M	13x
Hyperliquid USELESS	+0.1580%	1h	0.2945	+0.615%	$15.1M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1842%	4h	0.2938	+0.369%	$1.3M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3105	+6.064%	$5K	$10K	5.5x	as long as short