Funding you earn now, next payment 04:00 UTC+0.0500%/8h= +54.7% APRnext payment +$2.50 per $10,000 · paid last 24h +0.074%
Price spread now: Bitget against SunX−0.478%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2022.018% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 3 days (all we have)+0.570%+$57 · spread now −0.478%, 7d avg −0.059%
=Funding pays, the price is against you. Bitget is 0.419% cheaper against SunX than usual: you would sell low and buy high (spread −0.478% now, against its 7-day average of −0.059%). If the spread goes back, that is −$42 on $10k: about 2.8 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.126% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.50 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 | 0.2845 | 0.0100 | pay 0.0050% / 4h | 2h 57m | — | $1.4M | 10x |
| Short | Bitget USELESSUSDT | 0.2831 | 0.0600 | get 0.0300% / 4h | 2h 57m | $5.4M | $9.8M | 20x |
SunX USELESS-USDT
Bitget USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $105
- Price spread: −0.478% → −0.059%
- −$41.88
- Slippage, 4 orders
- −$181.77
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$138.65
- Costs to cover
- 2.018%
- Break-even
- 16.2 days
Slippage from SunX: live order book, 8 min ago; Bitget: live order book, 1 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 | 45.79 bp | 64.2 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 5.77 bp | 35.5 bp −$36 | 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 | 0.2842 | −0.105% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2857 | +0.423% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2831 | −0.475% | $10.0M | $67.1M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2831 | −0.503% | $7.1M | $8.2M | 50x | as long as short |
| SunX USELESS-USDTlong | +0.0100% | 4h | 0.2845 | long leg | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2849 | +0.148% | $19K | $513K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2836 | −0.309% | $599K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0122% | 4h | 0.2838 | −0.243% | $5.2M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2846 | +0.049% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0324% | 1h | 0.2864 | +0.675% | $40K | $698K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0473% | 4h | 0.2865 | +0.720% | $21K | $193K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0490% | 4h | 0.2837 | −0.285% | $11.1M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0492% | 4h | 0.2840 | −0.179% | $24.0M | $117.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0496% | 1h | 0.2844 | −0.036% | $300K | $1.2M | 5x | as long as short |
| Bitget USELESSUSDTshort | +0.0600% | 4h | 0.2831 | −0.478% | $5.4M | $9.8M | 20x | |
| Bybit USELESSUSDT | +0.0797% | 4h | 0.2833 | −0.432% | $27.6M | $46.5M | 13x | as long as short |
| Polymarket Perps USELESS-USD | +0.0872% | 1h | 0.2854 | +0.323% | $46K | $181K | 3x | as long as short |
| BingX USELESS-USDT | +0.0880% | 4h | 0.2833 | −0.408% | — | $5.1M | — | as long as short |
| Hyperliquid USELESS | +0.0951% | 1h | 0.2837 | −0.260% | $14.2M | $21.0M | 3x | as long as short |
| Variational Omni USELESS | +0.0953% | 4h | 0.2873 | +0.988% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.0983% | 4h | 0.2836 | −0.295% | $1.2M | $2.1M | 12x | as long as short |
| Aster USELESSUSDT | +0.1057% | 4h | 0.2851 | +0.210% | $656K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1240% | 4h | 0.2845 | +0.007% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3032 | +6.594% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bybit USELESSUSDT
Polymarket Perps USELESS-USD
BingX USELESS-USDT
Hyperliquid USELESS
Variational Omni USELESS
BloFin USELESS-USDT
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP