USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0596%/8h= +65.2% APRnext payment +$2.98 per $10,000 · paid last 24h +0.116%

Price spread now: edgeX against SunX+0.243%74s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$306as 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−$3253.250% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 3 days (all we have)+0.917%+$92 · spread now +0.243%, 7d avg +0.032%

Together, before fees+1.110%+ Points / potential airdropedgeX: Active · farm board+$111 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and edgeX is 0.212% dearer against SunX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.032%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.98 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	0.2964	0.0100	pay 0.0050% / 4h	2h 55m	—	$1.4M	10x
Short	edgeX USELESSUSDC	0.2971	0.0696	get 0.0348% / 4h	2h 55m	$22K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.243%Rate

Funding earned: $125.13
Price spread: +0.243% → +0.032%: $21.18
Slippage, 4 orders: −$308.02
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$178.71
Costs to cover: 3.250%
Break-even: 17.0 days

Slippage from SunX: live order book, 8 min ago; edgeX: live order book, 30 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	44.70 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	1.51 bp	172.9 bp −$173	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	0.2952	−0.415%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2977	+0.458%	$33K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2941	−0.783%	$10.5M	$65.6M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2964	−0.003%	$28K	$130K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2964	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2966	+0.084%	$20K	$375K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2949	−0.503%	$587K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2936	−0.928%	$5.4M	$9.5M	12x	as long as short
Aevo USELESS-PERP	+0.0256%	1h	0.2956	−0.259%	$11K	—	3x	as long as short
Gate USELESS_USDT	+0.0336%	4h	0.2941	−0.786%	$7.3M	$7.6M	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	+0.0436%	1h	0.2967	+0.105%	$42K	$698K	25x	as long as short
Bitget USELESSUSDT	+0.0582%	4h	0.2939	−0.833%	$5.6M	$8.7M	20x	as long as short
edgeX USELESSUSDCshort	+0.0696%	4h	0.2971	+0.243%	$22K	$188K	10x
Extended USELESS-USD	+0.0696%	1h	0.2944	−0.674%	$310K	$967K	5x	as long as short
MEXC USELESS_USDT	+0.0698%	4h	0.2952	−0.391%	$21.8M	$5.7M	50x	as long as short
Binance USELESSUSDT	+0.0698%	4h	0.2938	−0.864%	$25.6M	$108.5M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1120%	4h	0.2961	−0.098%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1162%	4h	0.2965	+0.022%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1388%	4h	0.2951	−0.436%	$686K	$2.1M	10x	as long as short
BingX USELESS-USDT	+0.1486%	4h	0.2939	−0.837%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1498%	4h	0.2942	−0.742%	$29.7M	$42.2M	13x	as long as short
Hyperliquid USELESS	+0.1669%	1h	0.2956	−0.277%	$15.1M	$19.7M	3x	as long as short
BloFin USELESS-USDT	+0.2155%	4h	0.2980	+0.543%	$1.3M	$2.1M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3151	+6.323%	$5K	$10K	5.5x	as long as short