Funding you earn now, next payment 22:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.089%
Price spread now: KuCoin against Extended−0.118%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2882.884% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.118%, 7d avg −0.024%
=Together, before fees+0.100%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.094% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% 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 | Extended USELESS-USD | 0.2852 | 0.0600 | pay 0.0075% / 1h | 1m 59s | $300K | $968K | 5x |
| Short | KuCoin USELESSUSDTM | 0.2849 | 0.0300 | get 0.0150% / 4h | 2h 01m | $5.3M | $9.7M | 12x |
Extended USELESS-USD
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- −$63
- Price spread: −0.118% → −0.024%
- −$9.42
- Slippage, 4 orders
- −$271.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$360.84
- Costs to cover
- 2.884%
- Break-even
- never at this rate
Slippage from Extended: live order book, 21 min ago; KuCoin: live order book, 6 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 Extended live order book, 21 min ago | 66.50 bp | 84.5 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 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 | 0.2854 | +0.057% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2850 | −0.083% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2849 | −0.094% | $10.1M | $64.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2851 | −0.052% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2861 | +0.316% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2848 | −0.143% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2847 | −0.199% | $574K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2853 | +0.032% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0300% | 4h | 0.2849 | −0.118% | $5.3M | $9.7M | 12x | |
| ApeX Omni USELESSUSDT | +0.0327% | 1h | 0.2850 | −0.076% | $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 | +0.0424% | 4h | 0.2850 | −0.076% | $7.1M | $7.9M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0524% | 4h | 0.2854 | +0.064% | $5.5M | $8.8M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0588% | 4h | 0.2856 | +0.124% | $21K | $190K | 10x | as long as short |
| Extended USELESS-USDlong | +0.0600% | 1h | 0.2852 | long leg | $300K | $968K | 5x | |
| MEXC USELESS_USDT | +0.0602% | 4h | 0.2854 | +0.050% | $10.0M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0604% | 4h | 0.2852 | −0.010% | $24.3M | $110.8M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1216% | 4h | 0.2857 | +0.173% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1291% | 4h | 0.2853 | +0.013% | $661K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1322% | 4h | 0.2853 | +0.032% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1388% | 4h | 0.2853 | +0.037% | $1.2M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1396% | 4h | 0.2853 | +0.029% | $28.9M | $43.1M | 13x | as long as short |
| Hyperliquid USELESS | +0.1513% | 1h | 0.2857 | +0.176% | $14.6M | $19.8M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1696% | 4h | 0.2862 | +0.358% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3006 | +5.407% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP