USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1062%/8h= −116.3% APRnext payment −$5.31 per $10,000 · paid last 24h −0.225%

Price spread now: SunX against Aster+0.307%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on Aster Short on SunX

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)−0.467%−$47 · spread now +0.307%, 7d avg +0.059%

Together, before fees−1.019%+ Points / potential airdropAster: Stage 5 · farm board−$102 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.248% dearer against Aster than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of +0.059%): +$25 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 5 days (−0.551% in total) that is about 2.4 days.

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 -38.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.31 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	Aster USELESSUSDT	0.2840	0.1162	pay 0.0581% / 4h	48m 14s	$653K	$2.2M	10x
Short	SunX USELESS-USDT	0.2849	0.0100	get 0.0050% / 4h	48m 14s	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.307%Rate

Funding earned: −$223.02
Price spread: +0.307% → +0.059%: $24.76
Slippage, 4 orders: −$230.84
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$445.1
Costs to cover: 2.468%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; SunX: 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 Aster live order book, 5 min ago	4.26 bp	18.8 bp −$19	143.7 bp −$1,437	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	37.84 bp	64.6 bp −$65	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	0.2847	+0.233%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2840	−0.013%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2846	+0.184%	$10.0M	$66.8M	10x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2849	+0.307%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2855	+0.501%	$19K	$493K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2838	−0.070%	$570K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0125%	1h	0.2843	+0.096%	$31K	$153K	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2848	+0.254%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0334%	4h	0.2844	+0.120%	$5.2M	$9.9M	12x	as long as short
Bitget USELESSUSDT	+0.0418%	4h	0.2847	+0.233%	$5.4M	$9.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0484%	4h	0.2843	+0.089%	$7.1M	$8.2M	50x	as long as short
edgeX USELESSUSDC	+0.0529%	4h	0.2841	+0.022%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0542%	4h	0.2846	+0.201%	$10.5M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0543%	4h	0.2847	+0.215%	$24.0M	$115.6M	50x	as long as short
Extended USELESS-USD	+0.0544%	1h	0.2848	+0.264%	$298K	$966K	5x	as long as short
ApeX Omni USELESSUSDT	+0.0820%	1h	0.2833	−0.263%	$39K	$701K	25x	as long as short
Aster USELESSUSDTlong	+0.1162%	4h	0.2840	long leg	$653K	$2.2M	10x
BingX USELESS-USDT	+0.1166%	4h	0.2844	+0.110%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1222%	4h	0.2847	+0.229%	$28.2M	$45.4M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1334%	4h	0.2849	+0.303%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1363%	4h	0.2833	−0.249%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1387%	1h	0.2847	+0.244%	$14.1M	$21.0M	3x	as long as short
BloFin USELESS-USDT	+0.1581%	4h	0.2842	+0.036%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3004	+5.757%	$5K	$9K	5.5x	as long as short