USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.143%

Price spread now: SunX against BingX+0.377%55s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as 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−$1651.652% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now +0.377%, 7d avg +0.028%

Together, before fees−0.856%−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.349% dearer against BingX than usual: you sell high and buy low (spread +0.377% now, against its 7-day average of +0.028%): +$35 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.318% in total) that is about 7.7 days. The two prices were read 55 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	BingX USELESS-USDT	0.2837	0.0508	pay 0.0254% / 4h	1h 05m	—	$5.3M	—
Short	SunX USELESS-USDT	0.2848	0.0100	get 0.0050% / 4h	1h 05m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.377%Rate

Funding earned: −$85.68
Price spread: +0.377% → +0.028%: $34.87
Slippage, 4 orders: −$147.19
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$216
Costs to cover: 1.652%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; SunX: live order book, 9 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 BingX live order book, 15 min ago	3.36 bp	21.6 bp −$22	78.3 bp −$783	420.1 bp −$42.0K	1176.3 bp −$588.1K
Sell SunX live order book, 9 min ago	44.79 bp	63.9 bp −$64	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	0.2844	+0.236%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2842	+0.158%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2837	−0.011%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2838	+0.025%	$28K	$267K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2848	+0.377%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2853	+0.571%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2858	+0.737%	$655K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0102%	4h	0.2837	−0.007%	$5.2M	$10.7M	12x	as long as short
OKX USELESS-USDT-SWAP	+0.0115%	4h	0.2839	+0.070%	$9.7M	$71.0M	10x	as long as short
Aster USELESSUSDT	+0.0124%	4h	0.2840	+0.105%	$556K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2833	−0.135%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0189%	1h	0.2838	+0.025%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0258%	4h	0.2845	+0.264%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0264%	1h	0.2840	+0.090%	$242K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0266%	4h	0.2840	+0.095%	$11.9M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0268%	4h	0.2838	+0.028%	$23.5M	$124.6M	50x	as long as short
Bybit USELESSUSDT	+0.0498%	4h	0.2839	+0.078%	$26.8M	$49.4M	13x	as long as short
BingX USELESS-USDTlong	+0.0508%	4h	0.2837	long leg	—	$5.3M	—
ApeX Omni USELESSUSDT	+0.0529%	1h	0.2843	+0.208%	$52K	$701K	25x	as long as short
Variational Omni USELESS	+0.0561%	4h	0.2851	+0.472%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0658%	4h	0.2835	−0.063%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0765%	4h	0.2848	+0.398%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0950%	4h	0.2839	+0.063%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3013	+6.211%	$5K	$11K	5.5x	as long as short