USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h +0.012%

Price spread now: KuCoin against Gate+0.691%7-day average +0.059% · 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−$113as in the Price arb table

costs, in and out, $10k−$1761.761% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 7 days−0.518%−$52 · spread now +0.691%, 7d avg +0.059%

Together, before fees−0.330%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.632% dearer against Gate than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate USELESS_USDT	0.2821	0.0100	pay 0.0050% / 4h	1h 56m	$7.1M	$8.4M	50x
Short	KuCoin USELESSUSDTM	0.2841	0.0242	get 0.0121% / 4h	1h 56m	$5.2M	$10.4M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.691%Rate

Funding earned: $29.82
Price spread: +0.691% → +0.059%: $63.25
Slippage, 4 orders: −$149.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.04
Costs to cover: 1.761%
Break-even: 26.5 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 2 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 Gate live order book, 2 min ago	5.87 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.34 bp	40.6 bp −$41	doesn't fit	doesn't fit	doesn't fit

USELESS on 23 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	0.2835	+0.475%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2824	+0.096%	$31K	$70K	3x	as long as short
Gate USELESS_USDTlong	+0.0100%	4h	0.2821	long leg	$7.1M	$8.4M	50x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2842	+0.737%	$29K	$205K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2815	−0.230%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2817	−0.160%	$18K	$503K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2807	−0.507%	$612K	$1.1M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0116%	4h	0.2846	+0.872%	$10.0M	$66.7M	10x	as long as short
Aevo USELESS-PERP	+0.0232%	1h	0.2806	−0.531%	$10K	—	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0242%	4h	0.2841	+0.691%	$5.2M	$10.4M	12x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0552%	4h	0.2812	−0.337%	$21K	$195K	10x	as long as short
Bitget USELESSUSDT	+0.0580%	4h	0.2844	+0.815%	$5.4M	$9.9M	20x	as long as short
MEXC USELESS_USDT	+0.0590%	4h	0.2846	+0.893%	$11.1M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0592%	4h	0.2845	+0.833%	$24.1M	$117.0M	50x	as long as short
Extended USELESS-USD	+0.0592%	1h	0.2832	+0.397%	$299K	$1.1M	5x	as long as short
ApeX Omni USELESSUSDT	+0.0808%	1h	0.2819	−0.078%	$39K	$699K	25x	as long as short
Variational Omni USELESS	+0.0921%	4h	0.2810	−0.393%	$1.2M	$1.7M	—	as long as short
BingX USELESS-USDT	+0.0956%	4h	0.2843	+0.759%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.1019%	4h	0.2843	+0.783%	$27.6M	$46.2M	13x	as long as short
Aster USELESSUSDT	+0.1108%	4h	0.2821	+0.010%	$628K	$2.3M	10x	as long as short
Hyperliquid USELESS	+0.1329%	1h	0.2846	+0.886%	$14.2M	$20.8M	3x	as long as short
Orderly PERP_USELESS_USDC	+0.1336%	4h	0.2816	−0.177%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2990	+5.983%	$5K	$9K	5.5x	as long as short