USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0274%/8h= +30.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.090%

Price spread now: MEXC against KuCoin+0.053%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1711.712% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.053%, 7d avg +0.049%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 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	0.2829	0.0202	pay 0.0101% / 4h	3h 38m	$5.2M	$10.1M	12x
Short	MEXC USELESS_USDT	0.2831	0.0476	get 0.0238% / 4h	3h 38m	$10.7M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $57.54
Price spread: +0.053% → +0.049%: $0.36
Slippage, 4 orders: −$151.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$113.27
Costs to cover: 1.712%
Break-even: 20.8 days

Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 5 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, 10 min ago	8.18 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.18 bp	27.2 bp −$27	65.5 bp −$655	134.7 bp −$13.5K	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	0.2831	+0.064%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2831	+0.053%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2827	−0.057%	$9.9M	$66.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2828	−0.021%	$47K	$170K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2846	+0.590%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2827	−0.085%	$19K	$505K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2825	−0.138%	$593K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2825	−0.148%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMlong	+0.0202%	4h	0.2829	long leg	$5.2M	$10.1M	12x
Bitget USELESSUSDT	+0.0422%	4h	0.2830	+0.035%	$5.4M	$9.6M	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC USELESS_USDTshort	+0.0476%	4h	0.2831	+0.053%	$10.7M	$5.9M	50x
Binance USELESSUSDT	+0.0478%	4h	0.2830	+0.028%	$23.8M	$116.1M	50x	as long as short
edgeX USELESSUSDC	+0.0478%	4h	0.2826	−0.092%	$21K	$192K	10x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2830	+0.029%	$300K	$1.2M	5x	as long as short
ApeX Omni USELESSUSDT	+0.0665%	1h	0.2823	−0.212%	$39K	$703K	25x	as long as short
Gate USELESS_USDT	+0.0894%	4h	0.2820	−0.332%	$7.1M	$8.3M	50x	as long as short
Aster USELESSUSDT	+0.1055%	4h	0.2833	+0.150%	$651K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1069%	4h	0.2825	−0.134%	$1.2M	$1.7M	—	as long as short
Hyperliquid USELESS	+0.1158%	1h	0.2834	+0.191%	$14.2M	$21.0M	3x	as long as short
BingX USELESS-USDT	+0.1282%	4h	0.2829	−0.007%	—	$5.0M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1289%	4h	0.2831	+0.060%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.1455%	4h	0.2829	+0.018%	$27.8M	$45.9M	13x	as long as short
BloFin USELESS-USDT	+0.2045%	4h	0.2829	+0.018%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+6.242%	$5K	$9K	5.5x	as long as short