USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: SunX against OKX+0.014%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1591.591% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.014%, 7d avg +0.065%

Together, before fees−0.235%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.050% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2834	0.0101	pay 0.0051% / 4h	59m 52s	$9.7M	$70.9M	10x
Short	SunX USELESS-USDT	0.2834	0.0100	get 0.0050% / 4h	59m 52s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$0.25
Price spread: +0.014% → +0.065%: −$5.05
Slippage, 4 orders: −$141.14
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$164.43
Costs to cover: 1.591%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 5 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 OKX live order book, 4 min ago	0.35 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	44.88 bp	64.0 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	0.2833	−0.046%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2829	−0.171%	$30K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2829	−0.159%	$5.2M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2834	−0.004%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2835	+0.025%	$28K	$267K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2834	+0.014%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2831	−0.109%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2835	+0.042%	$648K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0101%	4h	0.2834	long leg	$9.7M	$70.9M	10x
Aster USELESSUSDT	+0.0128%	4h	0.2834	−0.011%	$555K	$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	0.2832	−0.086%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0212%	1h	0.2836	+0.060%	$12.4M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0252%	4h	0.2839	+0.168%	$21K	$198K	10x	as long as short
Binance USELESSUSDT	+0.0252%	4h	0.2836	+0.064%	$23.5M	$124.9M	50x	as long as short
MEXC USELESS_USDT	+0.0254%	4h	0.2834	+0.014%	$11.9M	$6.2M	50x	as long as short
Extended USELESS-USD	+0.0256%	1h	0.2835	+0.035%	$241K	$896K	5x	as long as short
Bybit USELESSUSDT	+0.0434%	4h	0.2833	−0.039%	$26.7M	$49.5M	13x	as long as short
BingX USELESS-USDT	+0.0458%	4h	0.2835	+0.046%	—	$5.3M	—	as long as short
ApeX Omni USELESSUSDT	+0.0510%	1h	0.2835	+0.035%	$52K	$702K	25x	as long as short
Variational Omni USELESS	+0.0534%	4h	0.2827	−0.263%	$1.2M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0576%	4h	0.2827	−0.243%	$7.0M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0698%	4h	0.2830	−0.141%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.0951%	4h	0.2832	−0.085%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+5.805%	$5K	$11K	5.5x	as long as short