USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h +0.014%

Price spread now: KuCoin against Gate−0.007%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2722.723% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.007%, 7d avg +0.060%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.060%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.197%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2848	0.0440	pay 0.0220% / 4h	2h 02m	$7.1M	$7.9M	50x
Short	KuCoin USELESSUSDTM	0.2847	0.0304	get 0.0152% / 4h	2h 02m	$5.3M	$9.7M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$28.56
Price spread: −0.007% → +0.060%: −$6.74
Slippage, 4 orders: −$245.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$307.57
Costs to cover: 2.723%
Break-even: never at this rate

Slippage from Gate: live order book, just now; 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 Gate live order book, just now	5.44 bp	52.2 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 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	0.2856	+0.299%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2862	+0.525%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2848	+0.035%	$10.1M	$64.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2863	+0.541%	$28K	$140K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2861	+0.474%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2858	+0.386%	$20K	$388K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2837	−0.386%	$572K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2855	+0.279%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0304%	4h	0.2847	−0.007%	$5.3M	$9.7M	12x
ApeX Omni USELESSUSDT	+0.0327%	1h	0.2850	+0.088%	$41K	$698K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDTlong	+0.0440%	4h	0.2848	long leg	$7.1M	$7.9M	50x
Bitget USELESSUSDT	+0.0528%	4h	0.2850	+0.077%	$5.5M	$8.8M	20x	as long as short
edgeX USELESSUSDC	+0.0588%	4h	0.2856	+0.288%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0600%	1h	0.2850	+0.078%	$300K	$968K	5x	as long as short
MEXC USELESS_USDT	+0.0602%	4h	0.2851	+0.123%	$10.0M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0603%	4h	0.2851	+0.140%	$24.3M	$110.8M	50x	as long as short
BingX USELESS-USDT	+0.1094%	4h	0.2852	+0.151%	—	$4.9M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1217%	4h	0.2862	+0.506%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1288%	4h	0.2853	+0.202%	$661K	$2.2M	10x	as long as short
Variational Omni USELESS	+0.1388%	4h	0.2853	+0.201%	$1.2M	$1.8M	—	as long as short
Bybit USELESSUSDT	+0.1428%	4h	0.2853	+0.197%	$28.9M	$43.1M	13x	as long as short
Hyperliquid USELESS	+0.1517%	1h	0.2854	+0.238%	$14.6M	$19.8M	3x	as long as short
BloFin USELESS-USDT	+0.1696%	4h	0.2862	+0.523%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+5.580%	$5K	$10K	5.5x	as long as short