USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.047%

Price spread now: Bitget against KuCoin−0.015%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1391.390% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.015%, 7d avg +0.037%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.052% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2608	0.0218	pay 0.0109% / 4h	3h 31m	$4.7M	$10.7M	12x
Short	Bitget USELESSUSDT	0.2608	0.0210	get 0.0105% / 4h	3h 31m	$5.0M	$10.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$1.68
Price spread: −0.015% → +0.037%: −$5.21
Slippage, 4 orders: −$115.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$145.92
Costs to cover: 1.390%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago	8.79 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.97 bp	27.9 bp −$28	127.7 bp −$1,277	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	0.2609	+0.023%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2616	+0.300%	$28K	$18K	3x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2618	+0.368%	$36K	$696K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2614	+0.222%	$25K	$233K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2611	+0.111%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2602	−0.242%	$18K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2613	+0.169%	$599K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0168%	1h	0.2612	+0.142%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0190%	4h	0.2610	+0.046%	$8.8M	$63.1M	10x	as long as short
Bitget USELESSUSDTshort	+0.0210%	4h	0.2608	−0.015%	$5.0M	$10.3M	20x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTMlong	+0.0218%	4h	0.2608	long leg	$4.7M	$10.7M	12x
Aster USELESSUSDT	+0.0261%	4h	0.2611	+0.094%	$516K	$2.4M	10x	as long as short
edgeX USELESSUSDC	+0.0356%	4h	0.2618	+0.371%	$19K	$197K	10x	as long as short
Extended USELESS-USD	+0.0360%	1h	0.2607	−0.045%	$112K	$1.1M	5x	as long as short
MEXC USELESS_USDT	+0.0360%	4h	0.2609	+0.027%	$10.5M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0361%	4h	0.2611	+0.096%	$21.8M	$121.9M	50x	as long as short
Hyperliquid USELESS	+0.0390%	1h	0.2606	−0.107%	$11.4M	$22.7M	3x	as long as short
Gate USELESS_USDT	+0.0520%	4h	0.2611	+0.081%	$6.5M	$8.6M	50x	as long as short
Variational Omni USELESS	+0.0590%	4h	0.2630	+0.812%	$1.1M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0822%	4h	0.2611	+0.092%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.1038%	4h	0.2609	+0.012%	$24.6M	$48.5M	13x	as long as short
BloFin USELESS-USDT	+0.1063%	4h	0.2619	+0.410%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2612	+0.157%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2767	+6.073%	$5K	$11K	5.5x	as long as short