USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0282%/8h= +30.9% APRnext payment +$1.41 per $10,000 · paid last 24h +0.090%

Price spread now: Binance against KuCoin+0.198%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1521.523% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.246%−$25 · spread now +0.198%, 7d avg +0.049%

Together, before fees−0.278%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.149% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.049%.

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; at this rate the next one is about +$1.41 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	0.2840	0.0198	pay 0.0099% / 4h	3h 40m	$5.2M	$10.1M	12x
Short	Binance USELESSUSDT	0.2846	0.0480	get 0.0240% / 4h	3h 40m	$24.0M	$116.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.198%Rate

Funding earned: $59.22
Price spread: +0.198% → +0.049%: $14.89
Slippage, 4 orders: −$130.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.14
Costs to cover: 1.523%
Break-even: 16.2 days

Slippage from KuCoin: live order book, 8 min ago; Binance: 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, 8 min ago	8.18 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.53 bp	16.9 bp −$17	98.1 bp −$981	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	0.2844	+0.134%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2826	−0.496%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2845	+0.158%	$10.0M	$66.8M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2837	−0.120%	$46K	$169K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2847	+0.232%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2840	−0.014%	$19K	$505K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2833	−0.239%	$595K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMlong	+0.0198%	4h	0.2840	long leg	$5.2M	$10.1M	12x
Aevo USELESS-PERP	+0.0200%	1h	0.2847	+0.230%	$10K	—	3x	as long as short
Bitget USELESSUSDT	+0.0410%	4h	0.2846	+0.194%	$5.4M	$9.6M	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	+0.0418%	4h	0.2840	−0.018%	$7.1M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0463%	4h	0.2826	−0.500%	$21K	$192K	10x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2844	+0.142%	$300K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0480%	4h	0.2845	+0.169%	$10.8M	$5.9M	50x	as long as short
Binance USELESSUSDTshort	+0.0480%	4h	0.2846	+0.198%	$24.0M	$116.1M	50x
ApeX Omni USELESSUSDT	+0.0723%	1h	0.2810	−1.063%	$39K	$703K	25x	as long as short
Aster USELESSUSDT	+0.1040%	4h	0.2838	−0.093%	$652K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1069%	4h	0.2825	−0.528%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1185%	1h	0.2849	+0.317%	$14.3M	$21.1M	3x	as long as short
Bybit USELESSUSDT	+0.1222%	4h	0.2846	+0.208%	$28.0M	$45.9M	13x	as long as short
BingX USELESS-USDT	+0.1282%	4h	0.2847	+0.222%	—	$5.0M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1293%	4h	0.2844	+0.120%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.2147%	4h	0.2826	−0.514%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2988	+5.211%	$5K	$9K	5.5x	as long as short