USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0659%/8h= +72.2% APRnext payment +$3.30 per $10,000 · paid last 24h +0.193%

Price spread now: BloFin against KuCoin−0.231%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1261.260% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.231%, 7d avg +0.052%

Together, before fees+0.733%+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.283% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.052%). If the spread goes back, that is −$28 on $10k: about 34 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.571% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2855	0.0106	pay 0.0053% / 4h	1h 06m	$5.2M	$10.6M	12x
Short	BloFin USELESS-USDT	0.2848	0.0765	get 0.0383% / 4h	1h 06m	$1.2M	$2.1M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.231%Rate

Funding earned: $138.42
Price spread: −0.231% → +0.052%: −$28.33
Slippage, 4 orders: −$102.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.96
Costs to cover: 1.260%
Break-even: 7.8 days

Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago	7.40 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.70 bp	8.4 bp −$8	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	0.2854	−0.035%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2850	−0.167%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2854	−0.028%	$5.5M	$10.5M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2856	+0.049%	$28K	$267K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2851	−0.126%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2841	−0.490%	$20K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2853	−0.081%	$654K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMlong	+0.0106%	4h	0.2855	long leg	$5.2M	$10.6M	12x
OKX USELESS-USDT-SWAP	+0.0114%	4h	0.2856	+0.039%	$9.8M	$71.4M	10x	as long as short
Aster USELESSUSDT	+0.0117%	4h	0.2854	−0.032%	$559K	$2.2M	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo USELESS-PERP	+0.0144%	1h	0.2848	−0.245%	$10K	—	3x	as long as short
Hyperliquid USELESS	+0.0186%	1h	0.2858	+0.095%	$12.5M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0258%	4h	0.2845	−0.364%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0264%	1h	0.2857	+0.081%	$242K	$896K	5x	as long as short
MEXC USELESS_USDT	+0.0266%	4h	0.2857	+0.067%	$12.0M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0267%	4h	0.2858	+0.105%	$23.7M	$124.7M	50x	as long as short
BingX USELESS-USDT	+0.0508%	4h	0.2857	+0.070%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0515%	4h	0.2856	+0.018%	$27.0M	$49.4M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0529%	1h	0.2843	−0.420%	$52K	$701K	25x	as long as short
Variational Omni USELESS	+0.0559%	4h	0.2814	−1.421%	$1.1M	$1.9M	—	as long as short
Gate USELESS_USDT	+0.0672%	4h	0.2849	−0.210%	$7.1M	$8.7M	50x	as long as short
BloFin USELESS-USDTshort	+0.0765%	4h	0.2848	−0.231%	$1.2M	$2.1M	12x
Orderly PERP_USELESS_USDC	+0.0950%	4h	0.2849	−0.196%	$22K	$1.5M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3013	+5.545%	$5K	$11K	5.5x	as long as short