USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0458%/8h= −50.1% APRnext payment −$2.29 per $10,000 · paid last 24h −0.113%

Price spread now: SunX against Binance+0.121%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1681.677% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.121%, 7d avg +0.032%

Together, before fees−0.484%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.090% dearer against Binance than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.032%): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.221% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 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	Binance USELESSUSDT	0.2806	0.0558	pay 0.0279% / 4h	2h 04m	$23.7M	$117.0M	50x
Short	SunX USELESS-USDT	0.2810	0.0100	get 0.0050% / 4h	2h 04m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$96.1
Price spread: +0.121% → +0.032%: $8.96
Slippage, 4 orders: −$149.74
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$254.88
Costs to cover: 1.677%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; SunX: live order book, 10 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 Binance live order book, 9 min ago	0.35 bp	19.5 bp −$20	54.2 bp −$542	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	44.76 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit

USELESS on 23 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	0.2805	−0.039%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2807	+0.018%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2804	−0.078%	$9.9M	$65.8M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2803	−0.121%	$7.1M	$8.5M	50x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2810	+0.121%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2807	+0.032%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2802	−0.160%	$608K	$1.1M	20x	as long as short
KuCoin USELESSUSDTM	+0.0156%	4h	0.2806	+0.004%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2806	+0.009%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0364%	1h	0.2808	+0.053%	$27K	$204K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0543%	4h	0.2811	+0.157%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0552%	4h	0.2809	+0.096%	$11.0M	$6.0M	50x	as long as short
Binance USELESSUSDTlong	+0.0558%	4h	0.2806	long leg	$23.7M	$117.0M	50x
Extended USELESS-USD	+0.0560%	1h	0.2806	−0.001%	$298K	$1.1M	5x	as long as short
Bitget USELESSUSDT	+0.0572%	4h	0.2807	+0.039%	$5.4M	$9.9M	20x	as long as short
BingX USELESS-USDT	+0.0702%	4h	0.2806	+0.007%	—	$5.1M	—	as long as short
ApeX Omni USELESSUSDT	+0.0716%	1h	0.2808	+0.064%	$39K	$698K	25x	as long as short
Bybit USELESSUSDT	+0.0843%	4h	0.2807	+0.011%	$27.3M	$46.3M	13x	as long as short
Variational Omni USELESS	+0.0873%	4h	0.2812	+0.196%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1071%	4h	0.2805	−0.043%	$625K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1241%	1h	0.2809	+0.118%	$14.0M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1311%	4h	0.2806	+0.007%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.496%	$5K	$9K	5.5x	as long as short