USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.022%

Price spread now: SunX against KuCoin−0.203%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2142.135% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.203%, 7d avg +0.079%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.283% cheaper against KuCoin than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2854	0.0106	pay 0.0053% / 4h	1h 06m	$5.2M	$10.6M	12x
Short	SunX USELESS-USDT	0.2848	0.0100	get 0.0050% / 4h	1h 06m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$1.26
Price spread: −0.203% → +0.079%: −$28.27
Slippage, 4 orders: −$193.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$243.08
Costs to cover: 2.135%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	7.40 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.79 bp	63.9 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	0.2847	−0.235%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2850	−0.118%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2845	−0.315%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2856	+0.098%	$28K	$267K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2848	−0.203%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2853	−0.011%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2858	+0.154%	$655K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMlong	+0.0106%	4h	0.2854	long leg	$5.2M	$10.6M	12x
OKX USELESS-USDT-SWAP	+0.0114%	4h	0.2849	−0.161%	$9.8M	$71.2M	10x	as long as short
Aster USELESSUSDT	+0.0117%	4h	0.2852	−0.040%	$559K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2845	−0.307%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0186%	1h	0.2858	+0.144%	$12.5M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0258%	4h	0.2845	−0.315%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0264%	1h	0.2850	−0.138%	$242K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0266%	4h	0.2858	+0.144%	$12.0M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0267%	4h	0.2852	−0.053%	$23.6M	$124.7M	50x	as long as short
BingX USELESS-USDT	+0.0508%	4h	0.2851	−0.098%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0515%	4h	0.2848	−0.210%	$26.9M	$49.4M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0529%	1h	0.2843	−0.371%	$52K	$701K	25x	as long as short
Variational Omni USELESS	+0.0559%	4h	0.2814	−1.373%	$1.1M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0672%	4h	0.2846	−0.252%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0765%	4h	0.2848	−0.182%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0952%	4h	0.2852	−0.074%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3013	+5.596%	$5K	$11K	5.5x	as long as short