USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1121%/8h= +122.7% APRnext payment +$5.60 per $10,000 · paid last 24h +0.248%

Price spread now: Orderly against KuCoin+0.144%7-day average +0.041% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.689%+$69 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now +0.144%, 7d avg +0.041%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Orderly is 0.103% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.041%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.689% in total (about 35.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.60 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	0.2711	0.0266	pay 0.0133% / 4h	1h 13m	$5.0M	$10.4M	12x
Short	Orderly PERP_USELESS_USDC	0.2715	0.1387	get 0.0693% / 4h	1h 13m	$21K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.144%Rate

Funding earned: $235.36
Price spread: +0.144% → +0.041%: $10.26
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $227.63
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: KuCoin: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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	9.10 bp	55.6 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2712	+0.044%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2715	+0.144%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2707	−0.144%	$6.8M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2712	+0.037%	$38K	$217K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2714	+0.114%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2718	+0.255%	$18K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2710	−0.044%	$599K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0197%	4h	0.2717	+0.210%	$9.6M	$64.0M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2727	+0.569%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMlong	+0.0266%	4h	0.2711	long leg	$5.0M	$10.4M	12x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni USELESSUSDT	+0.0270%	1h	0.2742	+1.140%	$38K	$695K	25x	as long as short
Bitget USELESSUSDT	+0.0542%	4h	0.2712	+0.026%	$5.3M	$10.0M	20x	as long as short
edgeX USELESSUSDC	+0.0602%	4h	0.2743	+1.160%	$20K	$196K	10x	as long as short
Binance USELESSUSDT	+0.0607%	4h	0.2715	+0.149%	$23.0M	$118.4M	50x	as long as short
MEXC USELESS_USDT	+0.0614%	4h	0.2714	+0.114%	$10.8M	$6.1M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2711	+0.010%	$286K	$1.1M	5x	as long as short
Hyperliquid USELESS	+0.0655%	1h	0.2714	+0.100%	$13.2M	$21.1M	3x	as long as short
BingX USELESS-USDT	+0.0934%	4h	0.2714	+0.096%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.0936%	4h	0.2713	+0.089%	$26.2M	$46.6M	13x	as long as short
Variational Omni USELESS	+0.1001%	4h	0.2743	+1.162%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1014%	4h	0.2712	+0.021%	$571K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1267%	4h	0.2722	+0.402%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1387%	4h	0.2715	+0.144%	$21K	$1.3M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2904	+7.130%	$5K	$9K	5.5x	as long as short