Funding you earn now, next payment 00:00 UTC+0.1154%/8h= +126.4% APRnext payment +$5.77 per $10,000 · paid last 24h +0.199%
Price spread now: Aster against KuCoin−0.243%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 5 days (all we have)+0.377%+$38 on $10k
+Price spread, last 4 days (all we have)+0.584%+$58 · spread now −0.243%, 7d avg +0.023%
=Together, before fees+0.962%+ Points / potential airdropAster: Stage 5 · farm board+$96 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.266% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.243% now, against its 7-day average of +0.023%). If the spread goes back, that is −$27 on $10k: about 18 hours of funding at the current rate (+$35 a day). At the pace of the last 5 days (+0.377% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.377% in total (about 26.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.77 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 | KuCoin USELESSUSDTM | 0.2900 | 0.0138 | pay 0.0069% / 4h | 2h 50m | $5.4M | $9.6M | 12x |
| Short | Aster USELESSUSDT | 0.2893 | 0.1292 | get 0.0646% / 4h | 2h 50m | $667K | $2.2M | 10x |
KuCoin USELESSUSDTM
Aster USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. 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
- $242.37
- Price spread: −0.243% → +0.023%
- −$26.61
- Slippage, 4 orders
- −$110.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $85.37
- Costs to cover
- 1.304%
- Break-even
- 4.5 days
Slippage from KuCoin: live order book, 3 min ago; Aster: live order book, 3 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 KuCoin live order book, 3 min ago | 3.80 bp | 40.1 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 6.39 bp | 19.5 bp −$19 | 140.9 bp −$1,409 | 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 | 0.2896 | −0.110% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2890 | −0.338% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2897 | −0.086% | $10.3M | $65.0M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2894 | −0.193% | $41K | $697K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2900 | 0.000% | $28K | $135K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2900 | +0.024% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2894 | −0.193% | $20K | $376K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2895 | −0.159% | $575K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTMlong | +0.0138% | 4h | 0.2900 | long leg | $5.4M | $9.6M | 12x | |
| Gate USELESS_USDT | +0.0194% | 4h | 0.2893 | −0.224% | $7.2M | $7.7M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2897 | −0.100% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0572% | 4h | 0.2897 | −0.093% | $5.5M | $8.8M | 20x | as long as short |
| Binance USELESSUSDT | +0.0661% | 4h | 0.2900 | +0.007% | $25.1M | $109.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2899 | −0.024% | $305K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0670% | 4h | 0.2898 | −0.038% | $21.3M | $5.8M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0693% | 4h | 0.2894 | −0.202% | $22K | $189K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1117% | 4h | 0.2899 | −0.014% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1192% | 4h | 0.2881 | −0.644% | $1.1M | $1.7M | — | as long as short |
| Aster USELESSUSDTshort | +0.1292% | 4h | 0.2893 | −0.243% | $667K | $2.2M | 10x | |
| BingX USELESS-USDT | +0.1394% | 4h | 0.2901 | +0.041% | — | $4.9M | — | as long as short |
| Hyperliquid USELESS | +0.1446% | 1h | 0.2904 | +0.138% | $14.8M | $19.6M | 3x | as long as short |
| Bybit USELESSUSDT | +0.1450% | 4h | 0.2903 | +0.114% | $29.2M | $42.7M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1917% | 4h | 0.2877 | −0.773% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3054 | +5.332% | $5K | $10K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Variational Omni USELESS
BingX USELESS-USDT
Hyperliquid USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP