Funding you earn now, next payment 12:00 UTC+0.1279%/8h= +140.1% APRnext payment +$6.40 per $10,000 · paid last 24h +0.219%
Price spread now: BloFin against SunX+0.785%55s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2352.352% of the position
Funding, last 7 days+0.848%+$85 on $10k
+Price spread, last 4 days (all we have)−0.676%−$68 · spread now +0.785%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and BloFin is 0.811% dearer against SunX than usual: you sell high and buy low: +$81 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.848% in total (about 44.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.40 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX USELESS-USDT | 0.2943 | 0.0100 | pay 0.0050% / 4h | 2h 05m | — | $1.3M | 10x |
| Short | BloFin USELESS-USDT | 0.2966 | 0.1379 | get 0.0690% / 4h | 2h 05m | $1.3M | $2.3M | 12x |
SunX USELESS-USDT
BloFin USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $268.63
- Price spread: +0.785% → −0.026%
- $81.1
- Slippage, 4 orders
- −$215.18
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $114.55
- Costs to cover
- 2.352%
- Break-even
- 4.0 days
Slippage from SunX: live order book, 2 min ago; BloFin: live order book, 6 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 SunX live order book, 2 min ago | 79.95 bp | 98.2 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.35 bp | 16.0 bp −$16 | 28.1 bp −$281 | doesn't fit | doesn't fit |
USELESS on 24 exchanges
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 | 0.2960 | +0.578% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2952 | +0.294% | $31K | $18K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2955 | +0.408% | $11.0M | $74.7M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2957 | +0.455% | $5.5M | $10.6M | 12x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2952 | +0.309% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDTlong | +0.0100% | 4h | 0.2943 | long leg | — | $1.3M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2929 | −0.469% | $38K | $551K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2940 | −0.095% | $689K | $1.3M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0216% | 4h | 0.2955 | +0.398% | $5.8M | $11.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2947 | +0.119% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
Polymarket Perps USELESS-USD
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
Aevo USELESS-PERPShow all 24 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0264% | 4h | 0.2953 | +0.330% | $7.5M | $9.0M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0286% | 1h | 0.2958 | +0.503% | $56K | $689K | 25x | as long as short |
| Aster USELESSUSDT | +0.0424% | 4h | 0.2959 | +0.527% | $641K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0572% | 4h | 0.2967 | +0.808% | $22K | $201K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0588% | 4h | 0.2956 | +0.438% | $15.6M | $7.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0588% | 4h | 0.2958 | +0.516% | $25.4M | $131.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2957 | +0.479% | $281K | $1.7M | 5x | as long as short |
| BingX USELESS-USDT | +0.1058% | 4h | 0.2959 | +0.540% | — | $5.7M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1073% | 4h | 0.2948 | +0.146% | $24K | $1.9M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1089% | 4h | 0.2956 | +0.421% | $29.2M | $52.4M | 13x | as long as short |
| Variational Omni USELESS | +0.1114% | 4h | 0.2953 | +0.331% | $1.2M | $1.9M | — | as long as short |
| Hyperliquid USELESS | +0.1265% | 1h | 0.2959 | +0.544% | $13.7M | $23.2M | 3x | as long as short |
| BloFin USELESS-USDTshort | +0.1379% | 4h | 0.2966 | +0.785% | $1.3M | $2.3M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3187 | +8.297% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Injective USELESS/USDC PERP