Funding you earn now, next payment 04:00 UTC+0.0768%/8h= +84.1% APRnext payment +$3.84 per $10,000 · paid last 24h +0.140%
Price spread now: BingX against SunX−0.078%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1651.652% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 3 days (all we have)+0.278%+$28 · spread now −0.078%, 7d avg −0.036%
=Funding pays, the price is against you. BingX is 0.043% cheaper against SunX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.036%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.260% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.84 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 | SunX USELESS-USDT | 0.2807 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $1.4M | 10x |
| Short | BingX USELESS-USDT | 0.2805 | 0.0868 | get 0.0434% / 4h | 3h 57m | — | $5.0M | — |
SunX USELESS-USDT
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $161.28
- Price spread: −0.078% → −0.036%
- −$4.25
- Slippage, 4 orders
- −$147.21
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$8.18
- Costs to cover
- 1.652%
- Break-even
- 7.4 days
Slippage from SunX: live order book, 7 min ago; BingX: live order book, 12 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, 7 min ago | 44.97 bp | 63.7 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 3.38 bp | 15.0 bp −$15 | 81.2 bp −$812 | 427.9 bp −$42.8K | 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 | 0.2806 | −0.050% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2810 | +0.093% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2803 | −0.142% | $9.9M | $66.1M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2799 | −0.292% | $39K | $703K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2804 | −0.125% | $42K | $165K | 3x | as long as short |
| SunX USELESS-USDTlong | +0.0100% | 4h | 0.2807 | long leg | — | $1.4M | 10x | |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2801 | −0.239% | $18K | $501K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2798 | −0.342% | $584K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0170% | 4h | 0.2803 | −0.160% | $5.2M | $10.0M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2821 | +0.503% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0280% | 4h | 0.2804 | −0.121% | $5.3M | $9.4M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0464% | 4h | 0.2808 | +0.032% | $10.5M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0466% | 4h | 0.2799 | −0.291% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0477% | 4h | 0.2806 | −0.032% | $23.7M | $116.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0480% | 1h | 0.2806 | −0.055% | $295K | $834K | 5x | as long as short |
| BingX USELESS-USDTshort | +0.0868% | 4h | 0.2805 | −0.078% | — | $5.0M | — | |
| Variational Omni USELESS | +0.0990% | 4h | 0.2797 | −0.347% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1029% | 4h | 0.2803 | −0.157% | $644K | $2.3M | 10x | as long as short |
| Hyperliquid USELESS | +0.1161% | 1h | 0.2811 | +0.121% | $14.0M | $21.1M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1202% | 4h | 0.2814 | +0.239% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1315% | 4h | 0.2805 | −0.078% | $22K | $1.4M | 10x | as long as short |
| Gate USELESS_USDT | +0.2006% | 4h | 0.2803 | −0.146% | $7.0M | $8.2M | 50x | as long as short |
| Bybit USELESSUSDT | +0.3412% | 4h | 0.2806 | −0.039% | $27.5M | $45.7M | 13x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2966 | +5.664% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Variational Omni USELESS
Aster USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Gate USELESS_USDT
Bybit USELESSUSDT
Injective USELESS/USDC PERP