USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1148%/8h= +125.7% APRnext payment +$5.74 per $10,000 · paid last 24h +0.270%

Price spread now: Orderly against SunX−0.096%7-day average −0.041% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.941%+$94 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now −0.096%, 7d avg −0.041%

Together, before fees+1.149%+$115 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.055% cheaper against SunX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.041%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$34 a day). At the pace of the last 7 days (+0.941% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2819	0.0100	pay 0.0050% / 4h	2h 54m	—	$1.4M	10x
Short	Orderly PERP_USELESS_USDC	0.2817	0.1248	get 0.0624% / 4h	2h 54m	$22K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.096%Rate

Funding earned: $241.04
Price spread: −0.096% → −0.041%: −$5.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $221.52
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.

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, 10 min ago	45.79 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2821	+0.043%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2818	−0.039%	$31K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2820	+0.011%	$9.9M	$66.9M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2807	−0.422%	$7.1M	$8.3M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2834	+0.518%	$39K	$698K	25x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2819	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2810	−0.348%	$18K	$514K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2806	−0.482%	$593K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0116%	4h	0.2812	−0.248%	$5.2M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2816	−0.122%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps USELESS-USD	+0.0447%	1h	0.2816	−0.128%	$45K	$183K	3x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2816	−0.137%	$297K	$1.2M	5x	as long as short
Binance USELESSUSDT	+0.0483%	4h	0.2814	−0.176%	$23.8M	$117.4M	50x	as long as short
MEXC USELESS_USDT	+0.0488%	4h	0.2812	−0.252%	$11.0M	$6.0M	50x	as long as short
edgeX USELESSUSDC	+0.0488%	4h	0.2844	+0.889%	$21K	$193K	10x	as long as short
Bitget USELESSUSDT	+0.0578%	4h	0.2824	+0.163%	$5.4M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0692%	4h	0.2817	−0.071%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0784%	4h	0.2820	+0.028%	$27.5M	$46.6M	13x	as long as short
Hyperliquid USELESS	+0.0867%	1h	0.2817	−0.074%	$14.1M	$21.0M	3x	as long as short
Variational Omni USELESS	+0.0962%	4h	0.2815	−0.170%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1014%	4h	0.2814	−0.203%	$647K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1051%	4h	0.2811	−0.294%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1248%	4h	0.2817	−0.096%	$22K	$1.4M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2975	+5.519%	$5K	$9K	5.5x	as long as short