USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRnext payment +$0.55 per $10,000 · paid last 24h +0.011%

Price spread now: Gate against SunX−0.129%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2592.590% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.129%, 7d avg −0.144%

Together, before fees+0.526%+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.144%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2563	0.0100	pay 0.0050% / 4h	31m 56s	—	$1.4M	10x
Short	Gate USELESS_USDT	0.2559	0.0210	get 0.0105% / 4h	31m 56s	$6.4M	$8.7M	50x

Funding history

latest

Range statsloading…

Gate against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee SunXbpFee GatebpOrdersPrice spread, now −0.129%Rate

Slippage from SunX: live order book, 3 min ago; Gate: live order book, 2 min ago.

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, 3 min ago	44.79 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.44 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit

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	0.2560	−0.101%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2562	−0.035%	$11.4M	$22.8M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2568	+0.215%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2565	+0.082%	$34K	$221K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2563	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2557	−0.211%	$17K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2563	+0.016%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2560	−0.104%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0209%	4h	0.2564	+0.062%	$8.9M	$63.1M	10x	as long as short
Gate USELESS_USDTshort	+0.0210%	4h	0.2559	−0.129%	$6.4M	$8.7M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0240%	4h	0.2560	−0.094%	$4.6M	$10.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0285%	1h	0.2553	−0.379%	$33K	$697K	25x	as long as short
Bitget USELESSUSDT	+0.0368%	4h	0.2562	−0.008%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	−0.374%	$19K	$196K	10x	as long as short
Extended USELESS-USD	+0.0464%	1h	0.2562	−0.037%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2563	0.000%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0466%	4h	0.2563	0.000%	$21.4M	$123.4M	50x	as long as short
Aster USELESSUSDT	+0.0515%	4h	0.2561	−0.049%	$507K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0557%	4h	0.2563	+0.023%	$24.6M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0584%	4h	0.2563	+0.008%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0751%	4h	0.2540	−0.874%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0804%	4h	0.2565	+0.070%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1324%	4h	0.2564	+0.055%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2704	+5.522%	$5K	$11K	5.5x	as long as short