USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0495%/8h= −54.2% APRnext payment −$2.48 per $10,000 · paid last 24h −0.118%

Price spread now: SunX against Binance−0.161%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1541.539% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 3 days (all we have)−0.316%−$32 · spread now −0.161%, 7d avg +0.024%

Together, before fees−0.519%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.185% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.48 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	Binance USELESSUSDT	0.2857	0.0595	pay 0.0298% / 4h	2h 04m	$24.3M	$110.7M	50x
Short	SunX USELESS-USDT	0.2853	0.0100	get 0.0050% / 4h	2h 04m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$103.96
Price spread: −0.161% → +0.024%: −$18.52
Slippage, 4 orders: −$135.89
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$276.37
Costs to cover: 1.539%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; SunX: live order book, 10 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 Binance live order book, 8 min ago	0.17 bp	7.9 bp −$8	22.1 bp −$221	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	46.19 bp	65.3 bp −$65	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	0.2856	−0.045%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2849	−0.290%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2855	−0.091%	$10.1M	$64.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2852	−0.182%	$28K	$139K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2853	−0.161%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2852	−0.203%	$20K	$388K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2837	−0.707%	$570K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2854	−0.117%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0284%	4h	0.2852	−0.178%	$5.3M	$9.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0346%	1h	0.2849	−0.294%	$41K	$698K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0448%	4h	0.2853	−0.168%	$7.1M	$7.9M	50x	as long as short
Bitget USELESSUSDT	+0.0524%	4h	0.2856	−0.059%	$5.5M	$8.8M	20x	as long as short
MEXC USELESS_USDT	+0.0590%	4h	0.2857	−0.007%	$10.0M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2857	−0.018%	$299K	$968K	5x	as long as short
Binance USELESSUSDTlong	+0.0595%	4h	0.2857	long leg	$24.3M	$110.7M	50x
edgeX USELESSUSDC	+0.0608%	4h	0.2849	−0.307%	$21K	$190K	10x	as long as short
BingX USELESS-USDT	+0.1094%	4h	0.2857	−0.007%	—	$4.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1205%	4h	0.2855	−0.094%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1283%	4h	0.2856	−0.052%	$662K	$2.2M	10x	as long as short
Bybit USELESSUSDT	+0.1377%	4h	0.2858	+0.003%	$29.0M	$43.1M	13x	as long as short
Variational Omni USELESS	+0.1388%	4h	0.2853	−0.146%	$1.2M	$1.8M	—	as long as short
Hyperliquid USELESS	+0.1523%	1h	0.2859	+0.073%	$14.6M	$19.8M	3x	as long as short
BloFin USELESS-USDT	+0.1621%	4h	0.2851	−0.224%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+5.215%	$5K	$10K	5.5x	as long as short