USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0113%/8h= −12.3% APRnext payment −$0.56 per $10,000 · paid last 24h −0.089%

Price spread now: KuCoin against edgeX−0.301%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2712.708% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.301%, 7d avg −0.086%

Together, before fees+0.238%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.215% cheaper against edgeX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.086%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX USELESSUSDC	0.2785	0.0273	pay 0.0136% / 4h	1h 28m	$21K	$197K	10x
Short	KuCoin USELESSUSDTM	0.2776	0.0160	get 0.0080% / 4h	1h 28m	$5.1M	$10.6M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.301%Rate

Funding earned: −$23.64
Price spread: −0.301% → −0.086%: −$21.5
Slippage, 4 orders: −$249.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$315.93
Costs to cover: 2.708%
Break-even: never at this rate

Slippage from edgeX: live order book, 13 min ago; KuCoin: live order book, 9 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 edgeX live order book, 13 min ago	1.08 bp	117.3 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	6.64 bp	33.0 bp −$33	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	0.2781	−0.132%	$1.3M	$1.3M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2778	−0.231%	$544K	$2.2M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2786	+0.062%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2778	−0.233%	$5.4M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2782	−0.097%	$27K	$261K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2781	−0.140%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2779	−0.201%	$19K	$516K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2779	−0.201%	$640K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0151%	4h	0.2777	−0.255%	$9.5M	$68.9M	10x	as long as short
Aevo USELESS-PERP	+0.0152%	1h	0.2783	−0.053%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTMshort	+0.0160%	4h	0.2776	−0.301%	$5.1M	$10.6M	12x
Hyperliquid USELESS	+0.0164%	1h	0.2778	−0.229%	$12.0M	$23.4M	3x	as long as short
Extended USELESS-USD	+0.0272%	1h	0.2778	−0.244%	$139K	$824K	5x	as long as short
edgeX USELESSUSDClong	+0.0273%	4h	0.2785	long leg	$21K	$197K	10x
Binance USELESSUSDT	+0.0273%	4h	0.2778	−0.251%	$23.0M	$123.9M	50x	as long as short
MEXC USELESS_USDT	+0.0276%	4h	0.2779	−0.201%	$11.6M	$6.1M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0466%	1h	0.2788	+0.123%	$51K	$700K	25x	as long as short
Bybit USELESSUSDT	+0.0589%	4h	0.2777	−0.280%	$26.0M	$48.8M	13x	as long as short
Variational Omni USELESS	+0.0599%	4h	0.2783	−0.044%	$1.0M	$1.8M	—	as long as short
BingX USELESS-USDT	+0.0624%	4h	0.2777	−0.255%	—	$5.3M	—	as long as short
Gate USELESS_USDT	+0.0768%	4h	0.2770	−0.535%	$6.9M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0851%	4h	0.2785	+0.004%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1025%	4h	0.2783	−0.053%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2950	+5.951%	$5K	$11K	5.5x	as long as short