Settings8H · net · $10k
Funding arb · Price arb /

USELESS

all USELESS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1297%/8h= +142.0% APRnext payment +$6.48 per $10,000 · paid last 24h +0.225%
Price spread now: Aster against SunX−0.137%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1751.746% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.551%+$55 on $10k
Price spread, last 3 days (all we have)+0.760%+$76 · spread now −0.137%, 7d avg −0.054%
Together, before fees+1.311%+ Points / potential airdropAster: Stage 5 · farm board+$131 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.083% cheaper against SunX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.054%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$39 a day). At the pace of the last 5 days (+0.551% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.551% in total (about 38.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX USELESS-USDT0.29650.0100pay 0.0050% / 4h2h 28m$1.4M10x
ShortAster USELESSUSDT0.29610.1397get 0.0698% / 4h2h 28m$683K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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

Funding earned
$272.29
Price spread: −0.137% → −0.054%
−$8.32
Slippage, 4 orders
−$158.64
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$89.34
Costs to cover
1.746%
Break-even
4.7 days
Slippage from SunX: live order book, 5 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago45.29 bp63.8 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 4 min ago6.74 bp19.5 bp −$20128.7 bp −$1,287doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter USELESS+0.0096%1h0.2955−0.324%$1.4M$1.1M3xas long as short
Pacifica USELESS+0.0100%1h0.2967+0.094%$33K$70K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h0.2954−0.358%$10.5M$66.0M10xas long as short
Polymarket Perps USELESS-USD+0.0100%1h0.2963−0.061%$29K$137K3xas long as short
SunX USELESS-USDTlong+0.0100%4h0.2965long leg$1.4M10x
HTX USELESS-USDT+0.0100%4h0.2942−0.752%$20K$378K20xas long as short
Phemex USELESSUSDT+0.0100%4h0.2954−0.364%$588K$1.3M20xas long as short
KuCoin USELESSUSDTM+0.0196%4h0.2957−0.273%$5.5M$9.6M12xas long as short
Aevo USELESS-PERP+0.0240%1h0.2958−0.229%$11K3xas long as short
Gate USELESS_USDT+0.0450%4h0.2955−0.334%$7.4M$7.8M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni USELESSUSDT+0.0491%1h0.2960−0.155%$42K$699K25xas long as short
Bitget USELESSUSDT+0.0538%4h0.2956−0.300%$5.6M$8.7M20xas long as short
edgeX USELESSUSDC+0.0675%4h0.2969+0.154%$22K$190K10xas long as short
Extended USELESS-USD+0.0680%1h0.2955−0.315%$312K$967K5xas long as short
MEXC USELESS_USDT+0.0680%4h0.2956−0.300%$10.5M$5.8M50xas long as short
Binance USELESSUSDT+0.0680%4h0.2956−0.304%$25.5M$109.1M50xas long as short
Orderly PERP_USELESS_USDC+0.1163%4h0.2957−0.256%$22K$1.4M10xas long as short
BingX USELESS-USDT+0.1292%4h0.2955−0.307%$4.9Mas long as short
Variational Omni USELESS+0.1318%4h0.2963−0.062%$1.2M$1.7Mas long as short
Bybit USELESSUSDT+0.1345%4h0.2956−0.293%$29.8M$42.5M13xas long as short
Aster USELESSUSDTshort+0.1397%4h0.2961−0.137%$683K$2.1M10x
Hyperliquid USELESS+0.1576%1h0.2959−0.172%$15.1M$19.6M3xas long as short
BloFin USELESS-USDT+0.1775%4h0.2959−0.175%$1.2M$2.0M12xas long as short
Injective USELESS/USDC PERP+0.5000%1h0.3141+5.943%$5K$10K5.5xas long as short