USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0278%/8h= −30.5% APRnext payment −$1.39 per $10,000 · paid last 24h −0.139%

Price spread now: SunX against Bybit+0.056%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1631.632% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.056%, 7d avg +0.037%

Together, before fees−0.569%−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2684	0.0378	pay 0.0189% / 4h	2h 33m	$25.3M	$48.5M	13x
Short	SunX USELESS-USDT	0.2686	0.0100	get 0.0050% / 4h	2h 33m	—	$1.4M	10x

Funding history

latest

Range statsloading…

SunX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BybitbpFee SunXbpOrdersPrice spread, now +0.056%Rate

Slippage from Bybit: live order book, 10 min ago; SunX: live order book, 11 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 10 min ago	0.19 bp	18.2 bp −$18	50.4 bp −$504	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	44.77 bp	63.9 bp −$64	doesn't fit	doesn't fit	doesn't fit

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	0.2681	−0.123%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2682	−0.089%	$11.6M	$22.9M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2686	+0.082%	$527K	$2.2M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2682	−0.056%	$28K	$18K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2685	+0.048%	$26K	$247K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2686	+0.056%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2681	−0.127%	$18K	$519K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2685	+0.030%	$638K	$1.1M	20x	as long as short
Bitget USELESSUSDT	+0.0106%	4h	0.2683	−0.048%	$5.1M	$10.4M	20x	as long as short
KuCoin USELESSUSDTM	+0.0124%	4h	0.2682	−0.071%	$4.9M	$10.6M	12x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0136%	1h	0.2687	+0.112%	$10K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0158%	4h	0.2686	+0.075%	$9.2M	$65.5M	10x	as long as short
edgeX USELESSUSDC	+0.0195%	4h	0.2680	−0.141%	$20K	$196K	10x	as long as short
ApeX Omni USELESSUSDT	+0.0198%	1h	0.2681	−0.112%	$47K	$698K	25x	as long as short
MEXC USELESS_USDT	+0.0230%	4h	0.2685	+0.022%	$10.8M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0231%	4h	0.2685	+0.019%	$22.4M	$122.1M	50x	as long as short
Extended USELESS-USD	+0.0232%	1h	0.2685	+0.042%	$114K	$1.1M	5x	as long as short
BingX USELESS-USDT	+0.0346%	4h	0.2686	+0.071%	—	$5.3M	—	as long as short
Bybit USELESSUSDTlong	+0.0378%	4h	0.2684	long leg	$25.3M	$48.5M	13x
Variational Omni USELESS	+0.0516%	4h	0.2686	+0.074%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0651%	4h	0.2692	+0.317%	$1.1M	$2.0M	12x	as long as short
Gate USELESS_USDT	+0.0896%	4h	0.2683	−0.030%	$6.7M	$8.6M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1191%	4h	0.2684	+0.007%	$20K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2826	+5.298%	$5K	$11K	5.5x	as long as short