USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.60 per $10,000 · paid last 24h −0.110%

Price spread now: SunX against edgeX−0.330%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3153.155% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.330%, 7d avg −0.003%

Together, before fees−0.192%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.327% cheaper against edgeX than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2762	0.0221	pay 0.0110% / 4h	1h 55m	$21K	$195K	10x
Short	SunX USELESS-USDT	0.2752	0.0100	get 0.0050% / 4h	1h 55m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now −0.330%Rate

Funding earned: −$25.4
Price spread: −0.330% → −0.003%: −$32.7
Slippage, 4 orders: −$298.46
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$373.55
Costs to cover: 3.155%
Break-even: never at this rate

Slippage from edgeX: live order book, 52 min ago; SunX: live order book, 9 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 edgeX live order book, 52 min ago	0.75 bp	92.1 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	44.78 bp	63.9 bp −$64	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	0.2750	−0.421%	$1.3M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2747	−0.526%	$538K	$2.1M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2751	−0.379%	$29K	$19K	3x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2747	−0.533%	$5.0M	$10.6M	12x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2748	−0.504%	$5.3M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2748	−0.504%	$26K	$257K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2752	−0.330%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2743	−0.678%	$19K	$517K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2748	−0.490%	$639K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0136%	1h	0.2748	−0.504%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0148%	4h	0.2752	−0.352%	$9.5M	$67.9M	10x	as long as short
edgeX USELESSUSDClong	+0.0221%	4h	0.2762	long leg	$21K	$195K	10x
Binance USELESSUSDT	+0.0223%	4h	0.2752	−0.358%	$22.8M	$123.2M	50x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2749	−0.443%	$136K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0228%	4h	0.2751	−0.388%	$11.2M	$6.0M	50x	as long as short
Gate USELESS_USDT	+0.0274%	4h	0.2746	−0.580%	$6.9M	$8.6M	50x	as long as short
Hyperliquid USELESS	+0.0283%	1h	0.2754	−0.291%	$11.9M	$23.3M	3x	as long as short
BingX USELESS-USDT	+0.0384%	4h	0.2753	−0.327%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0393%	4h	0.2750	−0.414%	$25.8M	$48.7M	13x	as long as short
Variational Omni USELESS	+0.0452%	4h	0.2748	−0.502%	$1.0M	$1.8M	—	as long as short
ApeX Omni USELESSUSDT	+0.0571%	1h	0.2759	−0.095%	$49K	$700K	25x	as long as short
BloFin USELESS-USDT	+0.0633%	4h	0.2753	−0.294%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1066%	4h	0.2752	−0.349%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2910	+5.391%	$5K	$11K	5.5x	as long as short