Funding you earn now, next payment 00:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.090%
Price spread now: edgeX against KuCoin−1.120%53s7-day average +0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$298as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2922.923% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 3 days (all we have)+1.234%+$123 · spread now −1.120%, 7d avg +0.089%
=Together, before fees+1.177%+ Points / potential airdropedgeX: Active · farm board+$118 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 1.210% cheaper against KuCoin than usual: you would sell low and buy high (spread −1.120% now, against its 7-day average of +0.089%). If the spread goes back, that is −$121 on $10k: about 22 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USELESSUSDTM | 0.2842 | 0.0334 | pay 0.0167% / 4h | 50m 37s | $5.3M | $9.9M | 12x |
| Short | edgeX USELESSUSDC | 0.2810 | 0.0517 | get 0.0258% / 4h | 50m 37s | $21K | $191K | 10x |
KuCoin USELESSUSDTM
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $38.34
- Price spread: −1.120% → +0.089%
- −$120.96
- Slippage, 4 orders
- −$271.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$374.95
- Costs to cover
- 2.923%
- Break-even
- 75.5 days
Slippage from KuCoin: live order book, 8 min ago; edgeX: live order book, 26 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 | 8.29 bp | 45.4 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 26 min ago | 1.28 bp | 113.6 bp −$114 | 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 | 0.2844 | +0.063% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2845 | +0.099% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2840 | −0.077% | $9.9M | $66.6M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2843 | +0.018% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2832 | −0.352% | $19K | $493K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2827 | −0.535% | $568K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0170% | 1h | 0.2834 | −0.281% | $30K | $153K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2838 | −0.165% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMlong | +0.0334% | 4h | 0.2842 | long leg | $5.3M | $9.9M | 12x | |
| Bitget USELESSUSDT | +0.0424% | 4h | 0.2837 | −0.186% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0476% | 4h | 0.2846 | +0.127% | $7.1M | $8.2M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0504% | 1h | 0.2822 | −0.711% | $39K | $702K | 25x | as long as short |
| edgeX USELESSUSDCshort | +0.0517% | 4h | 0.2810 | −1.120% | $21K | $191K | 10x | |
| MEXC USELESS_USDT | +0.0534% | 4h | 0.2845 | +0.095% | $10.4M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0536% | 4h | 0.2845 | +0.099% | $24.0M | $115.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0536% | 1h | 0.2841 | −0.052% | $298K | $966K | 5x | as long as short |
| Aster USELESSUSDT | +0.1156% | 4h | 0.2839 | −0.116% | $653K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1162% | 4h | 0.2842 | +0.004% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1240% | 4h | 0.2841 | −0.049% | $28.2M | $45.4M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1332% | 4h | 0.2839 | −0.106% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1387% | 4h | 0.2793 | −1.718% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESS | +0.1526% | 1h | 0.2849 | +0.253% | $14.1M | $20.9M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1572% | 4h | 0.2842 | 0.000% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2988 | +5.137% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Hyperliquid USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP