USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0302%/8h= −33.1% APRnext payment −$1.51 per $10,000 · paid last 24h −0.092%

Price spread now: KuCoin against MEXC−0.007%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1511.507% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.007%, 7d avg −0.047%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.040% dearer against MEXC than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.047%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.51 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	MEXC USELESS_USDT	0.2853	0.0602	pay 0.0301% / 4h	2h 01m	$10.0M	$5.9M	50x
Short	KuCoin USELESSUSDTM	0.2853	0.0300	get 0.0150% / 4h	2h 01m	$5.3M	$9.7M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$63.42
Price spread: −0.007% → −0.047%: $4.04
Slippage, 4 orders: −$130.7
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$210.08
Costs to cover: 1.507%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 7 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 MEXC live order book, 2 min ago	0.53 bp	17.4 bp −$17	45.5 bp −$455	156.5 bp −$15.6K	doesn't fit
Sell KuCoin live order book, 7 min ago	8.97 bp	48.5 bp −$49	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	0.2851	−0.046%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2853	−0.004%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2853	+0.018%	$10.1M	$64.4M	10x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2851	−0.070%	$28K	$140K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2861	+0.298%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2848	−0.161%	$20K	$388K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2847	−0.217%	$574K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2853	+0.014%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0300%	4h	0.2853	−0.007%	$5.3M	$9.7M	12x
ApeX Omni USELESSUSDT	+0.0327%	1h	0.2850	−0.095%	$41K	$698K	25x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0410%	4h	0.2850	−0.095%	$7.1M	$7.9M	50x	as long as short
Bitget USELESSUSDT	+0.0518%	4h	0.2852	−0.011%	$5.5M	$8.8M	20x	as long as short
edgeX USELESSUSDC	+0.0584%	4h	0.2856	+0.124%	$21K	$191K	10x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2852	−0.035%	$300K	$968K	5x	as long as short
Binance USELESSUSDT	+0.0594%	4h	0.2852	−0.008%	$24.3M	$110.8M	50x	as long as short
MEXC USELESS_USDTlong	+0.0602%	4h	0.2853	long leg	$10.0M	$5.9M	50x
Orderly PERP_USELESS_USDC	+0.1216%	4h	0.2857	+0.154%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1280%	4h	0.2851	−0.070%	$660K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1322%	4h	0.2854	+0.060%	—	$4.9M	—	as long as short
Bybit USELESSUSDT	+0.1385%	4h	0.2856	+0.116%	$28.9M	$43.1M	13x	as long as short
Variational Omni USELESS	+0.1388%	4h	0.2853	+0.018%	$1.2M	$1.8M	—	as long as short
Hyperliquid USELESS	+0.1512%	1h	0.2856	+0.105%	$14.6M	$19.8M	3x	as long as short
BloFin USELESS-USDT	+0.1696%	4h	0.2862	+0.340%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+5.388%	$5K	$10K	5.5x	as long as short