USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1214%/8h= −132.9% APRnext payment −$6.07 per $10,000 · paid last 24h −0.270%

Price spread now: SunX against Orderly+0.064%7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.941%−$94 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.064%, 7d avg +0.040%

Together, before fees−1.060%−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.024% dearer against Orderly than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.040%): +$2 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.941% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2812	0.1314	pay 0.0657% / 4h	2h 05m	$22K	$1.3M	10x
Short	SunX USELESS-USDT	0.2813	0.0100	get 0.0050% / 4h	2h 05m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$254.93
Price spread: +0.064% → +0.040%: $2.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$266.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	44.76 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.014%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2811	−0.032%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2807	−0.174%	$9.9M	$65.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2806	−0.206%	$7.1M	$8.5M	50x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2813	+0.064%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2815	+0.128%	$18K	$502K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2803	−0.309%	$608K	$1.1M	20x	as long as short
KuCoin USELESSUSDTM	+0.0152%	4h	0.2808	−0.146%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2812	+0.019%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0381%	1h	0.2813	+0.057%	$27K	$203K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0541%	4h	0.2802	−0.348%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0546%	4h	0.2810	−0.071%	$11.0M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2810	−0.077%	$298K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2808	−0.135%	$23.8M	$117.1M	50x	as long as short
Bitget USELESSUSDT	+0.0578%	4h	0.2807	−0.160%	$5.4M	$9.9M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0679%	1h	0.2796	−0.558%	$39K	$698K	25x	as long as short
BingX USELESS-USDT	+0.0702%	4h	0.2810	−0.068%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0800%	4h	0.2809	−0.107%	$27.3M	$46.3M	13x	as long as short
Variational Omni USELESS	+0.0873%	4h	0.2812	0.000%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1069%	4h	0.2805	−0.245%	$624K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1256%	1h	0.2811	−0.032%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDClong	+0.1314%	4h	0.2812	long leg	$22K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.288%	$5K	$9K	5.5x	as long as short