USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0346%/8h= +37.9% APRnext payment +$1.73 per $10,000 · paid last 24h +0.074%

Price spread now: Bitget against SunX+0.063%50s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as 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−$1991.989% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.063%, 7d avg −0.058%

Together, before fees+0.357%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.121% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.058%. The two prices were read 50 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 0.126% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.73 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	0.2538	0.0100	pay 0.0050% / 4h	49m 31s	—	$1.4M	10x
Short	Bitget USELESSUSDT	0.2540	0.0446	get 0.0223% / 4h	49m 31s	$4.9M	$10.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.063%Rate

Funding earned: $72.66
Price spread: +0.063% → −0.058%: $12.07
Slippage, 4 orders: −$178.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.13
Costs to cover: 1.989%
Break-even: 18.0 days

Slippage from SunX: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago	46.43 bp	64.8 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.12 bp	33.2 bp −$33	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	0.2536	−0.079%	$1.1M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2537	−0.032%	$11.5M	$22.7M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2536	−0.095%	$28K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2537	−0.032%	$6.3M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2542	+0.134%	$35K	$219K	3x	as long as short
SunX USELESS-USDTlong	+0.0100%	4h	0.2538	long leg	—	$1.4M	10x
HTX USELESS-USDT	+0.0100%	4h	0.2539	+0.024%	$17K	$518K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2537	−0.032%	$556K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2539	+0.030%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0217%	4h	0.2541	+0.122%	$8.9M	$62.5M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0234%	4h	0.2535	−0.106%	$4.6M	$10.6M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0268%	1h	0.2544	+0.229%	$32K	$698K	25x	as long as short
Bitget USELESSUSDTshort	+0.0446%	4h	0.2540	+0.063%	$4.9M	$10.4M	20x
Binance USELESSUSDT	+0.0522%	4h	0.2542	+0.149%	$21.2M	$123.0M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	0.2537	−0.052%	$112K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0530%	4h	0.2538	−0.020%	$10.1M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0545%	4h	0.2551	+0.497%	$19K	$196K	10x	as long as short
Aster USELESSUSDT	+0.0656%	4h	0.2536	−0.072%	$502K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0680%	4h	0.2541	+0.122%	$24.4M	$48.6M	13x	as long as short
BingX USELESS-USDT	+0.0714%	4h	0.2544	+0.229%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0842%	4h	0.2544	+0.215%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0968%	4h	0.2546	+0.292%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1329%	4h	0.2539	+0.039%	$19K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2703	+6.505%	$5K	$11K	5.5x	as long as short