USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.012%

Price spread now: Polymarket Perps against KuCoin+0.092%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$29 on $10k

Price spread, last 7 days−0.253%−$25 · spread now +0.092%, 7d avg +0.080%

Together, before fees−0.539%−$54 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2710	0.0266	pay 0.0133% / 4h	1h 14m	$5.0M	$10.4M	12x
Short	Polymarket Perps USELESS-USD	0.2712	0.0100	get 0.0013% / 1h	14m 15s	$38K	$217K	3x

Funding history

latest

Range statsloading…

Polymarket Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.092%Rate

Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 48 min ago.

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, 4 min ago	9.10 bp	55.6 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 48 min ago	1.60 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	+0.092%	$1.2M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2717	+0.278%	$30K	$70K	3x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2708	−0.070%	$6.8M	$8.6M	50x	as long as short
Polymarket Perps USELESS-USDshort	+0.0100%	1h	0.2712	+0.092%	$38K	$217K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2714	+0.170%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2718	+0.310%	$18K	$512K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2710	+0.011%	$599K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0197%	4h	0.2711	+0.055%	$9.6M	$63.9M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2727	+0.625%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMlong	+0.0266%	4h	0.2710	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	+1.196%	$38K	$695K	25x	as long as short
Bitget USELESSUSDT	+0.0542%	4h	0.2712	+0.089%	$5.3M	$10.0M	20x	as long as short
edgeX USELESSUSDC	+0.0602%	4h	0.2743	+1.216%	$20K	$196K	10x	as long as short
MEXC USELESS_USDT	+0.0614%	4h	0.2714	+0.173%	$10.8M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0616%	4h	0.2713	+0.140%	$23.0M	$118.4M	50x	as long as short
Extended USELESS-USD	+0.0616%	1h	0.2712	+0.094%	$286K	$1.1M	5x	as long as short
Hyperliquid USELESS	+0.0663%	1h	0.2715	+0.199%	$13.2M	$21.1M	3x	as long as short
BingX USELESS-USDT	+0.0934%	4h	0.2712	+0.100%	—	$5.2M	—	as long as short
Bybit USELESSUSDT	+0.0936%	4h	0.2711	+0.044%	$26.1M	$46.6M	13x	as long as short
Variational Omni USELESS	+0.1001%	4h	0.2743	+1.218%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1038%	4h	0.2715	+0.209%	$572K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1267%	4h	0.2722	+0.458%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1387%	4h	0.2715	+0.199%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2904	+7.189%	$5K	$9K	5.5x	as long as short