USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0671%/8h= +73.4% APRnext payment +$3.35 per $10,000 · paid last 24h +0.148%

Price spread now: Bybit against SunX−0.053%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1661.660% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.053%, 7d avg −0.040%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$20 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 0.268% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.35 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	0.2810	0.0100	pay 0.0050% / 4h	2h 10m	—	$1.4M	10x
Short	Bybit USELESSUSDT	0.2809	0.0771	get 0.0385% / 4h	2h 10m	$27.3M	$46.3M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.053%Rate

Funding earned: $140.85
Price spread: −0.053% → −0.040%: −$1.29
Slippage, 4 orders: −$147
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.44
Costs to cover: 1.660%
Break-even: 8.3 days

Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	44.76 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.53 bp	21.6 bp −$22	53.6 bp −$536	doesn't fit	doesn't fit

USELESS on 23 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	0.2804	−0.214%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2806	−0.159%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2809	−0.032%	$9.9M	$66.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2805	−0.185%	$7.1M	$8.4M	50x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2810	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2816	+0.192%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2812	+0.064%	$608K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2807	−0.110%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2811	+0.033%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0426%	1h	0.2809	−0.039%	$28K	$202K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0542%	4h	0.2823	+0.466%	$21K	$195K	10x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2806	−0.133%	$300K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2806	−0.139%	$23.8M	$117.0M	50x	as long as short
MEXC USELESS_USDT	+0.0556%	4h	0.2806	−0.146%	$11.0M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0574%	4h	0.2807	−0.121%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDT	+0.0738%	4h	0.2810	−0.021%	—	$5.1M	—	as long as short
Bybit USELESSUSDTshort	+0.0771%	4h	0.2809	−0.053%	$27.3M	$46.3M	13x
ApeX Omni USELESSUSDT	+0.0800%	1h	0.2823	+0.455%	$39K	$698K	25x	as long as short
Variational Omni USELESS	+0.0901%	4h	0.2816	+0.205%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1079%	4h	0.2810	−0.009%	$626K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1292%	1h	0.2810	−0.018%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1303%	4h	0.2810	0.000%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.345%	$5K	$9K	5.5x	as long as short