Funding you earn now, next payment 04:00 UTC+0.0267%/8h= +29.2% APRpaid last 24h +0.035%
Price spread now: ApeX Omni against SunX−0.643%73s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.611% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+1.110%+$111 · spread now −0.643%, 7d avg −0.031%
=Funding pays, the price is against you. ApeX Omni is 0.612% cheaper against SunX than usual: you would sell low and buy high (spread −0.643% now, against its 7-day average of −0.031%). If the spread goes back, that is −$61 on $10k: about 7.6 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.091% in total) that is about 47 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment. 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 | SunX USELESS-USDT | 0.2583 | 0.0100 | pay 0.0050% / 4h | 24m 04s | — | $1.4M | 10x |
| Short | ApeX Omni USELESSUSDT | 0.2566 | 0.0367 | get 0.0046% / 1h | 24m 04s | $33K | $693K | 25x |
SunX USELESS-USDT
ApeX Omni USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against SunX. 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
- $56.03
- Price spread: −0.643% → −0.031%
- −$61.19
- Slippage, 4 orders
- −$143.09
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$166.25
- Costs to cover
- 1.611%
- Break-even
- 27.8 days
Slippage from SunX: live order book, 11 min ago; ApeX Omni: live order book, 35 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 SunX live order book, 11 min ago | 44.79 bp | 63.3 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 35 min ago | 7.86 bp | 15.4 bp −$15 | 106.8 bp −$1,068 | 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 | 0.2578 | −0.163% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2583 | +0.031% | $11.5M | $22.3M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2575 | −0.312% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2583 | +0.015% | $31K | $224K | 3x | as long as short |
| SunX USELESS-USDTlong | +0.0100% | 4h | 0.2583 | long leg | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2581 | −0.077% | $17K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2579 | −0.128% | $577K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2581 | −0.068% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0197% | 4h | 0.2580 | −0.108% | $8.9M | $63.2M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0236% | 4h | 0.2580 | −0.112% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0258% | 4h | 0.2579 | −0.132% | $6.4M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0326% | 4h | 0.2580 | −0.101% | $4.9M | $10.5M | 20x | as long as short |
| ApeX Omni USELESSUSDTshort | +0.0367% | 1h | 0.2566 | −0.643% | $33K | $693K | 25x | |
| Extended USELESS-USD | +0.0432% | 1h | 0.2582 | −0.022% | $112K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0434% | 4h | 0.2583 | 0.000% | $10.4M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0436% | 4h | 0.2580 | −0.093% | $21.5M | $122.6M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0453% | 4h | 0.2570 | −0.501% | $19K | $195K | 10x | as long as short |
| Aster USELESSUSDT | +0.0487% | 4h | 0.2579 | −0.131% | $511K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0498% | 4h | 0.2583 | +0.023% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0512% | 4h | 0.2579 | −0.139% | $24.6M | $48.6M | 13x | as long as short |
| Variational Omni USELESS | +0.0681% | 4h | 0.2564 | −0.711% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0750% | 4h | 0.2580 | −0.097% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1326% | 4h | 0.2580 | −0.089% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2721 | +5.371% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP