Funding you earn now, next payment 00:00 UTC+0.1082%/8h= +118.5% APRnext payment +$5.41 per $10,000 · paid last 24h +0.113%
Price spread now: BingX against KuCoin−0.060%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now −0.060%, 7d avg +0.028%
=Funding pays, the price is against you. BingX is 0.088% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.028%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.010% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.41 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 | 0.2818 | 0.0336 | pay 0.0168% / 4h | 1h 37m | $5.2M | $9.8M | 12x |
| Short | BingX USELESS-USDT | 0.2816 | 0.1418 | get 0.0709% / 4h | 1h 37m | — | $4.9M | — |
KuCoin USELESSUSDTM
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $227.22
- Price spread: −0.060% → +0.028%
- −$8.81
- Slippage, 4 orders
- −$111.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $84.46
- Costs to cover
- 1.340%
- Break-even
- 4.4 days
Slippage from KuCoin: live order book, 5 min ago; BingX: live order book, 12 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, 5 min ago | 7.41 bp | 41.8 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 3.36 bp | 15.9 bp −$16 | 72.8 bp −$728 | 390.4 bp −$39.0K | 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 | 0.2814 | −0.131% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2815 | −0.082% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2813 | −0.167% | $9.9M | $63.9M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2815 | −0.085% | $27K | $143K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2818 | +0.025% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2834 | +0.596% | $30K | $419K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2808 | −0.348% | $577K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2819 | +0.064% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMlong | +0.0336% | 4h | 0.2818 | long leg | $5.2M | $9.8M | 12x | |
| Gate USELESS_USDT | +0.0384% | 4h | 0.2815 | −0.075% | $7.0M | $7.9M | 50x | 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
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0489% | 1h | 0.2825 | +0.266% | $40K | $700K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0538% | 4h | 0.2816 | −0.039% | $5.4M | $8.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0559% | 4h | 0.2830 | +0.442% | $21K | $190K | 10x | as long as short |
| Extended USELESS-USD | +0.0568% | 1h | 0.2820 | +0.078% | $296K | $965K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0568% | 4h | 0.2818 | +0.028% | $10.0M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0570% | 4h | 0.2816 | −0.050% | $23.8M | $112.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.1179% | 1h | 0.2818 | +0.014% | $14.2M | $20.0M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1254% | 4h | 0.2822 | +0.156% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1257% | 4h | 0.2823 | +0.185% | $653K | $2.2M | 10x | as long as short |
| BingX USELESS-USDTshort | +0.1418% | 4h | 0.2816 | −0.060% | — | $4.9M | — | |
| Bybit USELESSUSDT | +0.1490% | 4h | 0.2816 | −0.057% | $28.5M | $43.4M | 13x | as long as short |
| Variational Omni USELESS | +0.1535% | 4h | 0.2824 | +0.239% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.2004% | 4h | 0.2828 | +0.358% | $1.2M | $1.9M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2999 | +6.438% | $5K | $9K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP