USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.022%

Price spread now: SunX against KuCoin+0.113%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$2072.069% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−1.014%−$101 · spread now +0.113%, 7d avg +0.080%

Together, before fees−1.266%−$127 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.080%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2734	0.0210	pay 0.0105% / 4h	1h 27m	$5.0M	$10.4M	12x
Short	SunX USELESS-USDT	0.2737	0.0100	get 0.0050% / 4h	1h 27m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$23.1
Price spread: +0.113% → +0.080%: $3.37
Slippage, 4 orders: −$186.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$226.68
Costs to cover: 2.069%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	6.56 bp	40.5 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	46.19 bp	65.2 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	0.2735	+0.051%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2741	+0.249%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2733	−0.018%	$6.8M	$8.5M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2752	+0.669%	$38K	$693K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2737	+0.124%	$35K	$212K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2737	+0.113%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2731	−0.117%	$18K	$509K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2732	−0.051%	$603K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0149%	4h	0.2736	+0.070%	$9.6M	$64.2M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0210%	4h	0.2734	long leg	$5.0M	$10.4M	12x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0232%	1h	0.2738	+0.163%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0520%	4h	0.2734	+0.018%	$5.3M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0566%	4h	0.2760	+0.973%	$21K	$196K	10x	as long as short
MEXC USELESS_USDT	+0.0590%	4h	0.2736	+0.084%	$10.7M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0592%	4h	0.2736	+0.081%	$23.2M	$118.0M	50x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2734	+0.027%	$288K	$1.1M	5x	as long as short
Hyperliquid USELESS	+0.0664%	1h	0.2737	+0.128%	$13.4M	$20.9M	3x	as long as short
BingX USELESS-USDT	+0.0823%	4h	0.2738	+0.157%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.0863%	4h	0.2733	−0.022%	$26.4M	$46.5M	13x	as long as short
Variational Omni USELESS	+0.0953%	4h	0.2752	+0.678%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1026%	4h	0.2734	+0.004%	$577K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1166%	4h	0.2743	+0.344%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1356%	4h	0.2739	+0.201%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2918	+6.731%	$5K	$9K	5.5x	as long as short