USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1221%/8h= −133.6% APRnext payment −$6.10 per $10,000 · paid last 24h −0.270%

Price spread now: SunX against Orderly+0.081%7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.941%−$94 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.081%, 7d avg +0.040%

Together, before fees−1.375%−$138 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.040% dearer against Orderly than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.040%): +$4 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.941% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_USELESS_USDC	0.2605	0.1321	pay 0.0660% / 4h	17m 24s	$19K	$1.2M	10x
Short	SunX USELESS-USDT	0.2607	0.0100	get 0.0050% / 4h	17m 24s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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 OrderlybpFee SunXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$256.31
Price spread: +0.081% → +0.040%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$266.27
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 7 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	44.73 bp	64.0 bp −$64	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2600	−0.184%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2598	−0.247%	$28K	$66K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2605	+0.015%	$30K	$225K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2607	+0.081%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2588	−0.645%	$17K	$523K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2595	−0.369%	$581K	$1.0M	20x	as long as short
Hyperliquid USELESS	+0.0154%	1h	0.2607	+0.088%	$11.4M	$22.7M	3x	as long as short
Aevo USELESS-PERP	+0.0184%	1h	0.2607	+0.071%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0200%	4h	0.2606	+0.046%	$8.9M	$63.4M	10x	as long as short
Gate USELESS_USDT	+0.0240%	4h	0.2601	−0.131%	$6.5M	$8.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0242%	4h	0.2603	−0.065%	$4.7M	$10.7M	12x	as long as short
Bitget USELESSUSDT	+0.0306%	4h	0.2606	+0.046%	$5.0M	$10.4M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0392%	1h	0.2582	−0.875%	$33K	$694K	25x	as long as short
MEXC USELESS_USDT	+0.0424%	4h	0.2606	+0.042%	$10.5M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0426%	4h	0.2589	−0.616%	$19K	$197K	10x	as long as short
Binance USELESSUSDT	+0.0428%	4h	0.2607	+0.075%	$21.6M	$121.9M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	0.2606	+0.063%	$112K	$1.2M	5x	as long as short
Aster USELESSUSDT	+0.0469%	4h	0.2603	−0.070%	$516K	$2.4M	10x	as long as short
BingX USELESS-USDT	+0.0480%	4h	0.2607	+0.069%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0513%	4h	0.2606	+0.031%	$24.7M	$48.3M	13x	as long as short
Variational Omni USELESS	+0.0640%	4h	0.2591	−0.516%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0746%	4h	0.2588	−0.641%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDClong	+0.1321%	4h	0.2605	long leg	$19K	$1.2M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2742	+5.260%	$5K	$11K	5.5x	as long as short