Funding you earn now, next payment 08:00 UTC+0.0133%/8h= +14.5% APRnext payment +$0.66 per $10,000 · paid last 24h +0.111%
Price spread now: Binance against SunX−0.145%56s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as 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−$1601.602% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.145%, 7d avg −0.026%
=Funding pays, the price is against you. Binance is 0.119% cheaper against SunX than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.026%). If the spread goes back, that is −$12 on $10k: about 3.0 days of funding at the current rate (+$4 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX USELESS-USDT | 0.2692 | 0.0100 | pay 0.0050% / 4h | 2h 43m | — | $1.4M | 10x |
| Short | Binance USELESSUSDT | 0.2689 | 0.0233 | get 0.0116% / 4h | 2h 43m | $22.4M | $121.5M | 50x |
SunX USELESS-USDT
Binance USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $27.87
- Price spread: −0.145% → −0.026%
- −$11.88
- Slippage, 4 orders
- −$142.22
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$144.24
- Costs to cover
- 1.602%
- Break-even
- 43.2 days
Slippage from SunX: live order book, 11 min ago; Binance: live order book, 15 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 SunX live order book, 11 min ago | 44.67 bp | 63.3 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.75 bp | 19.1 bp −$19 | 71.4 bp −$714 | 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 | 0.2690 | −0.078% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2691 | −0.071% | $11.7M | $22.5M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2686 | −0.227% | $527K | $2.3M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2690 | −0.100% | $29K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2690 | −0.078% | $26K | $244K | 3x | as long as short |
| SunX USELESS-USDTlong | +0.0100% | 4h | 0.2692 | long leg | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2690 | −0.089% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2692 | 0.000% | $637K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0114% | 4h | 0.2692 | −0.037% | $5.1M | $10.3M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0125% | 4h | 0.2690 | −0.089% | $9.1M | $65.2M | 10x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Aster USELESSUSDT
Pacifica USELESS
Polymarket Perps USELESS-USD
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2685 | −0.274% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0142% | 4h | 0.2689 | −0.130% | $4.9M | $10.6M | 12x | as long as short |
| Extended USELESS-USD | +0.0224% | 1h | 0.2691 | −0.073% | $114K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0224% | 4h | 0.2691 | −0.059% | $10.9M | $6.0M | 50x | as long as short |
| Binance USELESSUSDTshort | +0.0233% | 4h | 0.2689 | −0.145% | $22.4M | $121.5M | 50x | |
| edgeX USELESSUSDC | +0.0243% | 4h | 0.2683 | −0.370% | $20K | $197K | 10x | as long as short |
| Bybit USELESSUSDT | +0.0420% | 4h | 0.2687 | −0.186% | $25.3M | $48.3M | 13x | as long as short |
| BingX USELESS-USDT | +0.0438% | 4h | 0.2688 | −0.175% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0499% | 4h | 0.2676 | −0.628% | $1.1M | $1.8M | — | as long as short |
| Gate USELESS_USDT | +0.0564% | 4h | 0.2687 | −0.215% | $6.7M | $8.5M | 50x | as long as short |
| BloFin USELESS-USDT | +0.0600% | 4h | 0.2686 | −0.241% | $1.1M | $2.0M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.0714% | 1h | 0.2684 | −0.316% | $47K | $698K | 25x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1211% | 4h | 0.2690 | −0.089% | $21K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +4.966% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Gate USELESS_USDT
BloFin USELESS-USDT
ApeX Omni USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP