USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0695%/8h= +76.2% APRnext payment +$3.48 per $10,000 · paid last 24h +0.148%

Price spread now: Bybit against SunX+0.003%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1711.713% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 3 days (all we have)+0.186%+$19 · spread now +0.003%, 7d avg −0.042%

Together, before fees+0.454%+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bybit is 0.045% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.042%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.268% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX USELESS-USDT	0.2900	0.0100	pay 0.0050% / 4h	3h 08m	—	$1.4M	10x
Short	Bybit USELESSUSDT	0.2900	0.0795	get 0.0398% / 4h	3h 08m	$28.4M	$46.5M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: $146.05
Price spread: +0.003% → −0.042%: $4.52
Slippage, 4 orders: −$152.31
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.75
Costs to cover: 1.713%
Break-even: 8.0 days

Slippage from SunX: live order book, 6 min ago; Bybit: 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, 6 min ago	45.12 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.41 bp	21.0 bp −$21	73.1 bp −$731	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	0.2895	−0.148%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2896	−0.110%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2898	−0.052%	$10.2M	$68.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2897	−0.076%	$49K	$177K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2900	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2901	+0.059%	$19K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2897	−0.076%	$612K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0140%	4h	0.2897	−0.103%	$5.3M	$10.2M	12x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2900	+0.004%	$10K	—	3x	as long as short
Gate USELESS_USDT	+0.0340%	4h	0.2895	−0.152%	$7.3M	$8.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0441%	1h	0.2909	+0.324%	$40K	$699K	25x	as long as short
edgeX USELESSUSDC	+0.0486%	4h	0.2910	+0.369%	$22K	$193K	10x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2898	−0.041%	$307K	$1.2M	5x	as long as short
Binance USELESSUSDT	+0.0506%	4h	0.2899	−0.016%	$24.5M	$116.9M	50x	as long as short
MEXC USELESS_USDT	+0.0510%	4h	0.2897	−0.093%	$11.2M	$6.0M	50x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2897	−0.086%	$5.6M	$9.7M	20x	as long as short
BingX USELESS-USDT	+0.0762%	4h	0.2900	+0.003%	—	$5.1M	—	as long as short
Bybit USELESSUSDTshort	+0.0795%	4h	0.2900	+0.003%	$28.4M	$46.5M	13x
Variational Omni USELESS	+0.0994%	4h	0.2915	+0.540%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1053%	4h	0.2898	−0.041%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDT	+0.1102%	4h	0.2894	−0.190%	$666K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1115%	1h	0.2899	−0.031%	$14.5M	$20.9M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1246%	4h	0.2901	+0.041%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3093	+6.666%	$5K	$9K	5.5x	as long as short