Funding you earn now, next payment 00:00 UTC−0.1396%/8h= −152.9% APRnext payment −$6.98 per $10,000 · paid last 24h −0.181%
Price spread now: KuCoin against BloFin−0.346%95s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as 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−$1481.479% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 3 days (all we have)+0.619%+$62 · spread now −0.346%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and KuCoin is 0.272% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.074%). Swap the legs. The two prices were read 95 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 -0.504% in total (about -26.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.98 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 | BloFin USELESS-USDT | 0.2862 | 0.1696 | pay 0.0848% / 4h | 2h 01m | $1.2M | $2.0M | 12x |
| Short | KuCoin USELESSUSDTM | 0.2853 | 0.0300 | get 0.0150% / 4h | 2h 01m | $5.3M | $9.7M | 12x |
BloFin USELESS-USDT
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$293.17
- Price spread: −0.346% → −0.074%
- −$27.18
- Slippage, 4 orders
- −$123.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$468.22
- Costs to cover
- 1.479%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; KuCoin: live order book, 7 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 BloFin live order book, 1 min ago | 0.35 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 8.97 bp | 48.5 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 | 0.2851 | −0.384% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2853 | −0.342% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2853 | −0.321% | $10.1M | $64.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2851 | −0.409% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2861 | −0.042% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2848 | −0.500% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2847 | −0.555% | $574K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2853 | −0.325% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0300% | 4h | 0.2853 | −0.346% | $5.3M | $9.7M | 12x | |
| ApeX Omni USELESSUSDT | +0.0327% | 1h | 0.2850 | −0.433% | $41K | $698K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0410% | 4h | 0.2850 | −0.433% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0518% | 4h | 0.2852 | −0.349% | $5.5M | $8.8M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0584% | 4h | 0.2856 | −0.216% | $21K | $191K | 10x | as long as short |
| Extended USELESS-USD | +0.0592% | 1h | 0.2852 | −0.374% | $300K | $968K | 5x | as long as short |
| Binance USELESSUSDT | +0.0594% | 4h | 0.2852 | −0.347% | $24.3M | $110.8M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0602% | 4h | 0.2853 | −0.339% | $10.0M | $5.9M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1216% | 4h | 0.2857 | −0.185% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1280% | 4h | 0.2851 | −0.409% | $660K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1322% | 4h | 0.2854 | −0.279% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1385% | 4h | 0.2856 | −0.224% | $28.9M | $43.1M | 13x | as long as short |
| Variational Omni USELESS | +0.1388% | 4h | 0.2853 | −0.321% | $1.2M | $1.8M | — | as long as short |
| Hyperliquid USELESS | +0.1512% | 1h | 0.2856 | −0.234% | $14.6M | $19.8M | 3x | as long as short |
| BloFin USELESS-USDTlong | +0.1696% | 4h | 0.2862 | long leg | $1.2M | $2.0M | 12x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.031% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Hyperliquid USELESS
Injective USELESS/USDC PERP