USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0508%/8h= −55.6% APRnext payment −$2.54 per $10,000 · paid last 24h −0.113%

Price spread now: SunX against MEXC−0.120%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

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

costs, in and out, $10k−$1481.478% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.120%, 7d avg +0.010%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.130% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.54 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	MEXC USELESS_USDT	0.2831	0.0608	pay 0.0304% / 4h	1h 53m	$11.1M	$6.0M	50x
Short	SunX USELESS-USDT	0.2828	0.0100	get 0.0050% / 4h	1h 53m	—	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$106.68
Price spread: −0.120% → +0.010%: −$13
Slippage, 4 orders: −$131.79
Fee MEXC: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$267.47
Costs to cover: 1.478%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; SunX: live order book, 11 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 MEXC live order book, 5 min ago	1.60 bp	12.3 bp −$12	44.1 bp −$441	151.5 bp −$15.2K	doesn't fit
Sell SunX live order book, 11 min ago	45.21 bp	64.5 bp −$65	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	0.2830	−0.018%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2831	+0.004%	$32K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2824	−0.237%	$7.1M	$8.4M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2828	−0.113%	$30K	$206K	3x	as long as short
SunX USELESS-USDTshort	+0.0100%	4h	0.2828	−0.120%	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2833	+0.067%	$18K	$504K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2828	−0.117%	$618K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0117%	4h	0.2832	+0.021%	$10.0M	$66.3M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0191%	1h	0.2812	−0.668%	$39K	$699K	25x	as long as short
KuCoin USELESSUSDTM	+0.0232%	4h	0.2828	−0.120%	$5.2M	$10.4M	12x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0232%	1h	0.2827	−0.128%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0568%	4h	0.2828	−0.095%	$5.4M	$9.9M	20x	as long as short
edgeX USELESSUSDC	+0.0589%	4h	0.2837	+0.222%	$21K	$194K	10x	as long as short
Binance USELESSUSDT	+0.0605%	4h	0.2831	+0.015%	$24.0M	$117.0M	50x	as long as short
Extended USELESS-USD	+0.0608%	1h	0.2830	−0.041%	$301K	$1.1M	5x	as long as short
MEXC USELESS_USDTlong	+0.0608%	4h	0.2831	long leg	$11.1M	$6.0M	50x
BingX USELESS-USDT	+0.0956%	4h	0.2831	+0.007%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0958%	4h	0.2846	+0.550%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDT	+0.0987%	4h	0.2832	+0.021%	$27.5M	$46.2M	13x	as long as short
Aster USELESSUSDT	+0.1138%	4h	0.2834	+0.117%	$631K	$2.2M	10x	as long as short
Hyperliquid USELESS	+0.1200%	1h	0.2833	+0.092%	$14.1M	$20.7M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1345%	4h	0.2834	+0.113%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2998	+5.906%	$5K	$9K	5.5x	as long as short