USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against OKX−0.292%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1541.545% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 7 days+0.401%+$40 · spread now −0.292%, 7d avg +0.024%

Together, before fees+0.622%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.316% cheaper against OKX than usual: you would sell low and buy high (spread −0.292% now, against its 7-day average of +0.024%). If the spread goes back, that is −$32 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX USELESS-USDT-SWAP	0.2806	0.0100	pay 0.0050% / 4h	3h 57m	$9.8M	$66.2M	10x
Short	KuCoin USELESSUSDTM	0.2797	0.0168	get 0.0084% / 4h	3h 57m	$5.2M	$10.0M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.292%Rate

Funding earned: $14.28
Price spread: −0.292% → +0.024%: −$31.61
Slippage, 4 orders: −$132.47
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$171.81
Costs to cover: 1.545%
Break-even: 91.2 days

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 11 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 OKX live order book, 1 min ago	1.07 bp	19.8 bp −$20	126.2 bp −$1,262	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	8.39 bp	56.6 bp −$57	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	0.2803	−0.100%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2804	−0.068%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPlong	+0.0100%	4h	0.2806	long leg	$9.8M	$66.2M	10x
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2799	−0.239%	$39K	$703K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2804	−0.071%	$42K	$165K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2807	+0.053%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2801	−0.185%	$18K	$501K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2798	−0.289%	$584K	$1.2M	20x	as long as short
KuCoin USELESSUSDTMshort	+0.0168%	4h	0.2797	−0.292%	$5.2M	$10.0M	12x
Aevo USELESS-PERP	+0.0200%	1h	0.2821	+0.557%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0290%	4h	0.2804	−0.068%	$5.3M	$9.4M	20x	as long as short
edgeX USELESSUSDC	+0.0448%	4h	0.2812	+0.213%	$21K	$192K	10x	as long as short
MEXC USELESS_USDT	+0.0476%	4h	0.2804	−0.053%	$10.5M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0477%	4h	0.2805	−0.010%	$23.7M	$116.2M	50x	as long as short
Extended USELESS-USD	+0.0480%	1h	0.2802	−0.138%	$295K	$834K	5x	as long as short
Gate USELESS_USDT	+0.0828%	4h	0.2801	−0.185%	$7.0M	$8.2M	50x	as long as short
BingX USELESS-USDT	+0.0868%	4h	0.2803	−0.096%	—	$5.0M	—	as long as short
Variational Omni USELESS	+0.0990%	4h	0.2797	−0.293%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1029%	4h	0.2803	−0.103%	$644K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1190%	1h	0.2809	+0.132%	$14.0M	$21.1M	3x	as long as short
BloFin USELESS-USDT	+0.1202%	4h	0.2814	+0.292%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1315%	4h	0.2805	−0.025%	$22K	$1.4M	10x	as long as short
Bybit USELESSUSDT	+0.2692%	4h	0.2805	−0.036%	$27.5M	$45.7M	13x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2966	+5.720%	$5K	$9K	5.5x	as long as short