USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0436%/8h= −47.7% APRnext payment −$2.18 per $10,000 · paid last 24h −0.091%

Price spread now: SunX against Bitget+0.036%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2612.610% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.239%−$24 · spread now +0.036%, 7d avg +0.052%

Together, before fees−0.356%−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.18 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	Bitget USELESSUSDT	0.2743	0.0536	pay 0.0268% / 4h	1h 27m	$5.3M	$9.1M	20x
Short	SunX USELESS-USDT	0.2744	0.0100	get 0.0050% / 4h	1h 27m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$91.56
Price spread: +0.036% → +0.052%: −$1.59
Slippage, 4 orders: −$240.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$354.14
Costs to cover: 2.610%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; SunX: live order book, 7 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 Bitget live order book, 1 min ago	3.47 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	79.98 bp	99.2 bp −$99	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	0.2741	−0.058%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2742	−0.044%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2742	−0.044%	$9.6M	$63.1M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2751	+0.277%	$26K	$145K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2744	+0.036%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2738	−0.193%	$35K	$439K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2733	−0.372%	$564K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2743	+0.010%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0336%	4h	0.2739	−0.153%	$5.1M	$9.8M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0341%	1h	0.2789	+1.681%	$40K	$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	+0.0376%	4h	0.2732	−0.379%	$6.8M	$8.0M	50x	as long as short
Binance USELESSUSDT	+0.0509%	4h	0.2743	−0.011%	$23.2M	$113.2M	50x	as long as short
MEXC USELESS_USDT	+0.0516%	4h	0.2742	−0.033%	$9.9M	$5.9M	50x	as long as short
Extended USELESS-USD	+0.0520%	1h	0.2743	+0.021%	$289K	$965K	5x	as long as short
Bitget USELESSUSDTlong	+0.0536%	4h	0.2743	long leg	$5.3M	$9.1M	20x
edgeX USELESSUSDC	+0.0537%	4h	0.2798	+2.026%	$21K	$191K	10x	as long as short
Hyperliquid USELESS	+0.0991%	1h	0.2743	+0.018%	$13.3M	$20.4M	3x	as long as short
Aster USELESSUSDT	+0.1165%	4h	0.2738	−0.169%	$633K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1245%	4h	0.2744	+0.033%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1354%	4h	0.2746	+0.113%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1394%	4h	0.2742	−0.044%	$27.4M	$44.4M	13x	as long as short
Variational Omni USELESS	+0.1515%	4h	0.2775	+1.174%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1891%	4h	0.2765	+0.798%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2934	+6.967%	$5K	$9K	5.5x	as long as short