USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0211%/8h= −23.1% APRnext payment −$1.05 per $10,000 · paid last 24h −0.091%

Price spread now: KuCoin against Binance+0.112%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1201.203% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.112%, 7d avg −0.046%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.159% dearer against Binance than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of −0.046%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 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	Binance USELESSUSDT	0.2819	0.0541	pay 0.0270% / 4h	53m 06s	$23.7M	$115.3M	50x
Short	KuCoin USELESSUSDTM	0.2822	0.0330	get 0.0165% / 4h	53m 06s	$5.2M	$9.9M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$44.27
Price spread: +0.112% → −0.046%: $15.86
Slippage, 4 orders: −$98.32
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.73
Costs to cover: 1.203%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 5 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 Binance live order book, 5 min ago	1.79 bp	12.9 bp −$13	42.8 bp −$428	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.29 bp	49.0 bp −$49	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	0.2822	+0.112%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2823	+0.144%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2818	−0.023%	$9.8M	$66.0M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2824	+0.187%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2824	+0.201%	$19K	$492K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2811	−0.292%	$565K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0169%	1h	0.2823	+0.162%	$30K	$152K	3x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2823	+0.158%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0330%	4h	0.2822	+0.112%	$5.2M	$9.9M	12x
Bitget USELESSUSDT	+0.0434%	4h	0.2818	−0.023%	$5.3M	$9.3M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0448%	4h	0.2818	−0.026%	$7.0M	$8.2M	50x	as long as short
edgeX USELESSUSDC	+0.0517%	4h	0.2810	−0.301%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0530%	4h	0.2824	+0.176%	$10.3M	$5.9M	50x	as long as short
Binance USELESSUSDTlong	+0.0541%	4h	0.2819	long leg	$23.7M	$115.3M	50x
Extended USELESS-USD	+0.0544%	1h	0.2821	+0.082%	$297K	$966K	5x	as long as short
ApeX Omni USELESSUSDT	+0.0582%	1h	0.2789	−1.058%	$39K	$701K	25x	as long as short
Aster USELESSUSDT	+0.1160%	4h	0.2824	+0.173%	$650K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1194%	4h	0.2820	+0.045%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1221%	4h	0.2820	+0.041%	$28.0M	$45.4M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1333%	4h	0.2823	+0.144%	$22K	$1.4M	10x	as long as short
Variational Omni USELESS	+0.1387%	4h	0.2793	−0.903%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1476%	1h	0.2823	+0.134%	$14.0M	$20.9M	3x	as long as short
BloFin USELESS-USDT	+0.1588%	4h	0.2819	+0.013%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2991	+6.104%	$5K	$9K	5.5x	as long as short