USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1100%/8h= +120.4% APRnext payment +$5.50 per $10,000 · paid last 24h +0.140%

Price spread now: BingX against SunX−0.051%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1661.664% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 3 days (all we have)+0.413%+$41 · spread now −0.051%, 7d avg −0.036%

Together, before fees+0.673%+$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$33 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2930	0.0100	pay 0.0050% / 4h	2h 16m	—	$1.4M	10x
Short	BingX USELESS-USDT	0.2929	0.1200	get 0.0600% / 4h	2h 16m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee SunXbpFee BingXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $231
Price spread: −0.051% → −0.036%: −$1.56
Slippage, 4 orders: −$148.39
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $63.05
Costs to cover: 1.664%
Break-even: 5.1 days

Slippage from SunX: live order book, 8 min ago; BingX: live order book, 3 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, 8 min ago	45.66 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.20 bp	18.9 bp −$19	73.1 bp −$731	378.6 bp −$37.9K	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	0.2932	+0.055%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2931	+0.007%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2926	−0.160%	$10.4M	$65.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2930	−0.027%	$29K	$137K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2930	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2923	−0.253%	$20K	$380K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2925	−0.188%	$584K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0240%	4h	0.2929	−0.048%	$5.4M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2932	+0.061%	$11K	—	3x	as long as short
Gate USELESS_USDT	+0.0402%	4h	0.2927	−0.113%	$7.3M	$7.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0437%	1h	0.2937	+0.225%	$42K	$699K	25x	as long as short
Bitget USELESSUSDT	+0.0530%	4h	0.2928	−0.085%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDC	+0.0654%	4h	0.2953	+0.775%	$22K	$190K	10x	as long as short
MEXC USELESS_USDT	+0.0660%	4h	0.2930	−0.007%	$10.4M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0661%	4h	0.2930	−0.017%	$25.3M	$109.4M	50x	as long as short
Extended USELESS-USD	+0.0664%	1h	0.2930	−0.031%	$309K	$968K	5x	as long as short
Orderly PERP_USELESS_USDC	+0.1180%	4h	0.2930	−0.014%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDTshort	+0.1200%	4h	0.2929	−0.051%	—	$4.9M	—
Bybit USELESSUSDT	+0.1240%	4h	0.2929	−0.034%	$29.5M	$42.6M	13x	as long as short
Variational Omni USELESS	+0.1314%	4h	0.2942	+0.395%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1395%	4h	0.2931	+0.014%	$677K	$2.1M	10x	as long as short
Hyperliquid USELESS	+0.1602%	1h	0.2933	+0.077%	$15.0M	$19.6M	3x	as long as short
BloFin USELESS-USDT	+0.1681%	4h	0.2928	−0.096%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3111	+6.153%	$5K	$10K	5.5x	as long as short