Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1141%/8h= +125.0% APRnext payment +$5.71 per $10,000 · paid last 24h +0.225%
Price spread now: Aster against SunX−0.260%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1621.619% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.551%+$55 on $10k
Price spread, last 3 days (all we have)+0.717%+$72 · spread now −0.260%, 7d avg −0.057%
Together, before fees+1.268%+ Points / potential airdropAster: Stage 5 · farm board+$127 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.203% cheaper against SunX than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.057%). If the spread goes back, that is −$20 on $10k: about 14 hours of funding at the current rate (+$34 a day). At the pace of the last 5 days (+0.551% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.551% in total (about 38.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USELESS-USDT0.28310.0100pay 0.0050% / 4h1h 40m$1.4M10x
ShortAster USELESSUSDT0.28240.1241get 0.0621% / 4h1h 40m$653K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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

Funding earned
$239.68
Price spread: −0.260% → −0.057%
−$20.3
Slippage, 4 orders
−$145.95
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$57.43
Costs to cover
1.619%
Break-even
5.3 days
Slippage from SunX: live order book, 4 min ago; Aster: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago45.08 bp63.6 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 2 min ago6.18 bp17.7 bp −$18118.0 bp −$1,180doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2827−0.155%$1.3M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2828−0.113%$31K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2832+0.018%$10.0M$64.3M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2824−0.251%$27K$142K3xas long as short
SunX USELESS-USDTlong+0.0100%4h0.2831long leg$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2837+0.191%$30K$418K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2817−0.509%$579K$1.2M20xas long as short
Aevo USELESS-PERP+0.0224%1h0.2827−0.158%$10K3xas long as short
KuCoin USELESSUSDTM+0.0336%4h0.2829−0.074%$5.2M$9.8M12xas long as short
Gate USELESS_USDT+0.0392%4h0.2829−0.088%$7.1M$7.9M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USELESSUSDT+0.0538%4h0.2834+0.081%$5.5M$8.9M20xas long as short
Binance USELESSUSDT+0.0566%4h0.2835+0.121%$24.0M$111.9M50xas long as short
Extended USELESS-USD+0.0568%1h0.2832+0.014%$298K$965K5xas long as short
MEXC USELESS_USDT+0.0568%4h0.2832+0.007%$10.0M$5.7M50xas long as short
edgeX USELESSUSDC+0.0570%4h0.2837+0.208%$21K$190K10xas long as short
ApeX Omni USELESSUSDT+0.0635%1h0.2839+0.272%$40K$700K25xas long as short
Hyperliquid USELESS+0.1188%1h0.2830−0.039%$14.3M$20.0M3xas long as short
Aster USELESSUSDTshort+0.1241%4h0.2824−0.260%$653K$2.2M10x
Orderly PERP_USELESS_USDC+0.1249%4h0.2827−0.162%$22K$1.4M10xas long as short
BingX USELESS-USDT+0.1418%4h0.2836+0.162%$4.9Mas long as short
Variational Omni USELESS+0.1517%4h0.2835+0.119%$1.2M$1.8Mas long as short
Bybit USELESSUSDT+0.1539%4h0.2835+0.127%$28.7M$43.4M13xas long as short
BloFin USELESS-USDT+0.1982%4h0.2825−0.215%$1.2M$1.9M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3013+6.421%$5K$9K5.5xas long as short