Funding you earn now, next payment 04:00 UTC−0.0441%/8h= −48.3% APRnext payment −$2.20 per $10,000 · paid last 24h −0.111%
Price spread now: SunX against edgeX+0.413%74s7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3133.127% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 3 days (all we have)−0.642%−$64 · spread now +0.413%, 7d avg −0.016%
=Together, before fees−0.853%+ Points / potential airdropedgeX: Active · farm board−$85 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.429% dearer against edgeX than usual: you sell high and buy low (spread +0.413% now, against its 7-day average of −0.016%): +$43 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.211% in total) that is about 14 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.211% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.20 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 | edgeX USELESSUSDC | 0.2802 | 0.0541 | pay 0.0270% / 4h | 2h 06m | $21K | $194K | 10x |
| Short | SunX USELESS-USDT | 0.2813 | 0.0100 | get 0.0050% / 4h | 2h 06m | — | $1.4M | 10x |
edgeX USELESSUSDC
SunX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against edgeX. 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
- −$92.6
- Price spread: +0.413% → −0.016%
- $42.88
- Slippage, 4 orders
- −$295.73
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$362.45
- Costs to cover
- 3.127%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 61 min ago; SunX: live order book, 8 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 edgeX live order book, 61 min ago | 0.86 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 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 | 0.2811 | +0.335% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2811 | +0.317% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2808 | +0.231% | $9.9M | $65.9M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2806 | +0.152% | $7.1M | $8.5M | 50x | as long as short |
| SunX USELESS-USDTshort | +0.0100% | 4h | 0.2813 | +0.413% | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2815 | +0.477% | $18K | $502K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2803 | +0.038% | $608K | $1.1M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0152% | 4h | 0.2809 | +0.238% | $5.2M | $10.4M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2812 | +0.368% | $10K | — | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0381% | 1h | 0.2813 | +0.406% | $27K | $203K | 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 USELESSUSDClong | +0.0541% | 4h | 0.2802 | long leg | $21K | $194K | 10x | |
| MEXC USELESS_USDT | +0.0546% | 4h | 0.2814 | +0.438% | $11.0M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0552% | 1h | 0.2813 | +0.408% | $298K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0554% | 4h | 0.2809 | +0.267% | $23.8M | $117.1M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0578% | 4h | 0.2810 | +0.295% | $5.4M | $9.9M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0679% | 1h | 0.2796 | −0.212% | $39K | $698K | 25x | as long as short |
| BingX USELESS-USDT | +0.0702% | 4h | 0.2809 | +0.256% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0800% | 4h | 0.2809 | +0.267% | $27.3M | $46.3M | 13x | as long as short |
| Variational Omni USELESS | +0.0873% | 4h | 0.2812 | +0.349% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1069% | 4h | 0.2807 | +0.171% | $625K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1256% | 1h | 0.2811 | +0.317% | $14.0M | $20.7M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1314% | 4h | 0.2812 | +0.349% | $22K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2989 | +6.659% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP