USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.019%

Price spread now: KuCoin against Polymarket Perps−0.067%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.067%, 7d avg −0.075%

Together, before fees+0.413%+$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.075%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps USELESS-USD	0.2851	0.0100	pay 0.0013% / 1h	1m 54s	$28K	$140K	3x
Short	KuCoin USELESSUSDTM	0.2849	0.0300	get 0.0150% / 4h	2h 01m	$5.3M	$9.7M	12x

Funding history

latest

Range statsloading…

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.067%Rate

Slippage from Polymarket Perps: live order book, 20 min ago; KuCoin: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 20 min ago	2.89 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	8.97 bp	48.5 bp −$49	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	0.2854	+0.109%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2850	−0.032%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2849	−0.042%	$10.1M	$64.3M	10x	as long as short
Polymarket Perps USELESS-USDlong	+0.0100%	1h	0.2851	long leg	$28K	$140K	3x
SunX USELESS-USDT	+0.0100%	4h	0.2861	+0.368%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2848	−0.091%	$20K	$388K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2847	−0.147%	$574K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2853	+0.084%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0300%	4h	0.2849	−0.067%	$5.3M	$9.7M	12x
ApeX Omni USELESSUSDT	+0.0327%	1h	0.2850	−0.025%	$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	+0.0424%	4h	0.2850	−0.025%	$7.1M	$7.9M	50x	as long as short
Bitget USELESSUSDT	+0.0524%	4h	0.2854	+0.116%	$5.5M	$8.8M	20x	as long as short
edgeX USELESSUSDC	+0.0588%	4h	0.2856	+0.175%	$21K	$190K	10x	as long as short
Extended USELESS-USD	+0.0600%	1h	0.2852	+0.052%	$300K	$968K	5x	as long as short
MEXC USELESS_USDT	+0.0602%	4h	0.2854	+0.102%	$10.0M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0604%	4h	0.2852	+0.042%	$24.3M	$110.8M	50x	as long as short
Orderly PERP_USELESS_USDC	+0.1216%	4h	0.2857	+0.225%	$22K	$1.4M	10x	as long as short
Aster USELESSUSDT	+0.1291%	4h	0.2853	+0.065%	$661K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1322%	4h	0.2853	+0.084%	—	$4.9M	—	as long as short
Variational Omni USELESS	+0.1388%	4h	0.2853	+0.088%	$1.2M	$1.8M	—	as long as short
Bybit USELESSUSDT	+0.1396%	4h	0.2853	+0.081%	$28.9M	$43.1M	13x	as long as short
Hyperliquid USELESS	+0.1513%	1h	0.2857	+0.228%	$14.6M	$19.8M	3x	as long as short
BloFin USELESS-USDT	+0.1696%	4h	0.2862	+0.410%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3006	+5.462%	$5K	$10K	5.5x	as long as short