USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against KuCoin−0.121%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$1981.981% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.121%, 7d avg −0.061%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.061%). If the spread goes back, that is −$6 on $10k: about 20 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.197%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2733	0.0340	pay 0.0170% / 4h	1h 13m	$5.1M	$9.9M	12x
Short	Gate USELESS_USDT	0.2730	0.0350	get 0.0175% / 4h	1h 13m	$6.8M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.121%Rate

Funding earned: $2.1
Price spread: −0.121% → −0.061%: −$5.95
Slippage, 4 orders: −$171.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$201.91
Costs to cover: 1.981%
Break-even: 680.0 days

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, just now.

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	9.36 bp	53.5 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.84 bp	47.9 bp −$48	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	0.2734	+0.033%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2735	+0.080%	$30K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2734	+0.018%	$9.6M	$63.3M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2732	−0.037%	$26K	$147K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2735	+0.051%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2736	+0.088%	$18K	$489K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2721	−0.457%	$558K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2735	+0.063%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0228%	1h	0.2725	−0.300%	$38K	$699K	25x	as long as short
KuCoin USELESSUSDTMlong	+0.0340%	4h	0.2733	long leg	$5.1M	$9.9M	12x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDTshort	+0.0350%	4h	0.2730	−0.121%	$6.8M	$8.1M	50x
edgeX USELESSUSDC	+0.0463%	4h	0.2727	−0.220%	$20K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0476%	4h	0.2735	+0.077%	$10.0M	$5.9M	50x	as long as short
Bitget USELESSUSDT	+0.0476%	4h	0.2733	−0.022%	$5.2M	$9.1M	20x	as long as short
Binance USELESSUSDT	+0.0488%	4h	0.2734	+0.037%	$23.2M	$114.1M	50x	as long as short
Extended USELESS-USD	+0.0488%	1h	0.2735	+0.072%	$288K	$966K	5x	as long as short
Hyperliquid USELESS	+0.0839%	1h	0.2737	+0.124%	$13.3M	$20.6M	3x	as long as short
Aster USELESSUSDT	+0.1109%	4h	0.2736	+0.099%	$640K	$2.2M	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1288%	4h	0.2735	+0.055%	$21K	$1.4M	10x	as long as short
BingX USELESS-USDT	+0.1320%	4h	0.2734	+0.040%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1365%	4h	0.2733	0.000%	$27.3M	$44.7M	13x	as long as short
Variational Omni USELESS	+0.1492%	4h	0.2726	−0.281%	$1.1M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.1773%	4h	0.2735	+0.070%	$1.2M	$1.9M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2894	+5.898%	$5K	$9K	5.5x	as long as short