Funding you earn now, next payment 04:00 UTC−0.1164%/8h= −127.4% APRnext payment −$5.82 per $10,000 · paid last 24h −0.270%
Price spread now: SunX against Orderly+0.254%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.941%−$94 on $10k
+Price spread, last 3 days (all we have)−0.309%−$31 · spread now +0.254%, 7d avg +0.040%
=The price spread pays, funding is against you. SunX is 0.215% dearer against Orderly than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of +0.040%): +$21 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.941% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2832 | 0.1264 | pay 0.0632% / 4h | 2h 42m | $22K | $1.4M | 10x |
| Short | SunX USELESS-USDT | 0.2839 | 0.0100 | get 0.0050% / 4h | 2h 42m | — | $1.4M | 10x |
Orderly PERP_USELESS_USDC
SunX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$244.42
- Price spread: +0.254% → +0.040%
- $21.47
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$236.95
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 12 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell SunX live order book, 12 min ago | 44.93 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2827 | −0.184% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2836 | +0.145% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2822 | −0.367% | $9.9M | $66.8M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2820 | −0.417% | $5.2M | $10.2M | 12x | as long as short |
| SunX USELESS-USDTshort | +0.0100% | 4h | 0.2839 | +0.254% | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2836 | +0.131% | $19K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2823 | −0.307% | $596K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2831 | −0.039% | $10K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0264% | 4h | 0.2818 | −0.505% | $7.1M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0514% | 4h | 0.2839 | +0.252% | $21K | $195K | 10x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTM
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
Gate USELESS_USDT
edgeX USELESSUSDCShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC USELESS_USDT | +0.0526% | 4h | 0.2820 | −0.410% | $11.0M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0528% | 1h | 0.2820 | −0.420% | $297K | $1.2M | 5x | as long as short |
| Binance USELESSUSDT | +0.0529% | 4h | 0.2819 | −0.442% | $23.9M | $117.5M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0580% | 4h | 0.2819 | −0.438% | $5.4M | $9.9M | 20x | as long as short |
| BingX USELESS-USDT | +0.0594% | 4h | 0.2821 | −0.371% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0636% | 4h | 0.2822 | −0.335% | $27.4M | $46.6M | 13x | as long as short |
| Polymarket Perps USELESS-USD | +0.0664% | 1h | 0.2838 | +0.212% | $40K | $188K | 3x | as long as short |
| Variational Omni USELESS | +0.0875% | 4h | 0.2840 | +0.293% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.0886% | 4h | 0.2835 | +0.113% | $1.2M | $2.1M | 12x | as long as short |
| Aster USELESSUSDT | +0.1055% | 4h | 0.2827 | −0.187% | $649K | $2.2M | 10x | as long as short |
| Hyperliquid USELESS | +0.1254% | 1h | 0.2826 | −0.226% | $14.1M | $21.1M | 3x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1264% | 4h | 0.2832 | long leg | $22K | $1.4M | 10x | |
| ApeX Omni USELESSUSDT | +0.1445% | 1h | 0.2842 | +0.357% | $39K | $699K | 25x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3027 | +6.879% | $5K | $9K | 5.5x | as long as short |
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
Bitget USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Polymarket Perps USELESS-USD
Variational Omni USELESS
BloFin USELESS-USDT
Aster USELESSUSDT
Hyperliquid USELESS
ApeX Omni USELESSUSDT
Injective USELESS/USDC PERP