Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.069%
Price spread now: SunX against Phemex+0.201%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$388as in the Funding arb table
Net, price: spread back to 7d avg − costs−$354as in the Price arb table
costs, in and out, $10k−$3723.723% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.201%, 7d avg +0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.180% dearer against Phemex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex USELESSUSDT | 0.2838 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $600K | $1.2M | 20x |
| Short | SunX USELESS-USDT | 0.2844 | 0.0100 | get 0.0050% / 4h | 2h 49m | — | $1.4M | 10x |
Phemex USELESSUSDT
SunX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phemex. 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
- $0
- Price spread: +0.201% → +0.020%
- $18.04
- Slippage, 4 orders
- −$352.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$354.28
- Costs to cover
- 3.723%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 5 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 Phemex live order book, 3 min ago | 42.59 bp | 85.9 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 44.93 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 | 0.2843 | +0.169% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2844 | +0.197% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2842 | +0.155% | $10.0M | $67.5M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2841 | +0.106% | $5.2M | $10.2M | 12x | as long as short |
| SunX USELESS-USDTshort | +0.0100% | 4h | 0.2844 | +0.201% | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2842 | +0.152% | $19K | $515K | 20x | as long as short |
| Phemex USELESSUSDTlong | +0.0100% | 4h | 0.2838 | long leg | $600K | $1.2M | 20x | |
| ApeX Omni USELESSUSDT | +0.0108% | 1h | 0.2827 | −0.388% | $39K | $698K | 25x | as long as short |
| Gate USELESS_USDT | +0.0154% | 4h | 0.2836 | −0.081% | $7.1M | $8.3M | 50x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2846 | +0.291% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
HTX USELESS-USDT
ApeX Omni USELESSUSDT
Gate USELESS_USDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0470% | 4h | 0.2832 | −0.206% | $21K | $194K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0504% | 4h | 0.2844 | +0.229% | $11.1M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2844 | +0.198% | $300K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0513% | 4h | 0.2844 | +0.218% | $24.1M | $117.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0574% | 4h | 0.2838 | +0.011% | $5.4M | $9.9M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0610% | 1h | 0.2841 | +0.120% | $44K | $184K | 3x | as long as short |
| Bybit USELESSUSDT | +0.0631% | 4h | 0.2841 | +0.106% | $27.6M | $46.7M | 13x | as long as short |
| BingX USELESS-USDT | +0.0744% | 4h | 0.2844 | +0.211% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.0917% | 4h | 0.2853 | +0.511% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.0964% | 4h | 0.2850 | +0.426% | $1.2M | $2.1M | 12x | as long as short |
| Aster USELESSUSDT | +0.1056% | 4h | 0.2840 | +0.085% | $653K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1161% | 1h | 0.2847 | +0.310% | $14.2M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1256% | 4h | 0.2845 | +0.261% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2984 | +5.155% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Aster USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP