USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0260%/8h= +28.5% APRnext payment +$1.30 per $10,000 · paid last 24h +0.112%

Price spread now: MEXC against SunX+0.184%53s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as 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−$1621.622% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.184%, 7d avg −0.007%

Together, before fees+0.415%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.191% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2611	0.0100	pay 0.0050% / 4h	3h 31m	—	$1.4M	10x
Short	MEXC USELESS_USDT	0.2616	0.0360	get 0.0180% / 4h	3h 31m	$10.5M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.184%Rate

Funding earned: $54.6
Price spread: +0.184% → −0.007%: $19.05
Slippage, 4 orders: −$146.24
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$88.59
Costs to cover: 1.622%
Break-even: 18.4 days

Slippage from SunX: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	45.12 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.19 bp	24.7 bp −$25	57.6 bp −$576	133.2 bp −$13.3K	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	0.2608	−0.123%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2610	−0.061%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2617	+0.203%	$25K	$233K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2611	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2602	−0.352%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2613	+0.057%	$599K	$1.1M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0161%	1h	0.2622	+0.410%	$36K	$696K	25x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2612	+0.031%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0190%	4h	0.2619	+0.299%	$8.9M	$63.3M	10x	as long as short
Bitget USELESSUSDT	+0.0204%	4h	0.2616	+0.188%	$5.0M	$10.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0218%	4h	0.2610	−0.042%	$4.7M	$10.7M	12x	as long as short
Aster USELESSUSDT	+0.0261%	4h	0.2610	−0.035%	$516K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0346%	4h	0.2620	+0.316%	$19K	$197K	10x	as long as short
Binance USELESSUSDT	+0.0360%	4h	0.2611	−0.009%	$21.8M	$121.7M	50x	as long as short
Extended USELESS-USD	+0.0360%	1h	0.2608	−0.123%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDTshort	+0.0360%	4h	0.2616	+0.184%	$10.5M	$6.0M	50x
Hyperliquid USELESS	+0.0390%	1h	0.2619	+0.304%	$11.5M	$22.7M	3x	as long as short
Gate USELESS_USDT	+0.0462%	4h	0.2607	−0.168%	$6.5M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0590%	4h	0.2630	+0.700%	$1.1M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0822%	4h	0.2615	+0.134%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0920%	4h	0.2615	+0.130%	$24.7M	$48.5M	13x	as long as short
BloFin USELESS-USDT	+0.1063%	4h	0.2619	+0.299%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2612	+0.046%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2767	+5.955%	$5K	$11K	5.5x	as long as short