Funding you earn now, next payment 09:00 UTC−0.4894%/8h= −535.9% APRpaid last 24h −0.206%
Price spread now: KuCoin against Injective−5.815%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$147 a day on $10k at the current rate, and KuCoin is 5.815% cheaper against Injective than usual: you would sell low and buy high (−$581 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective USELESS/USDC PERP | 0.3200 | 0.5000 | pay 0.0625% / 1h | 41m 55s | $5K | $10K | 5.5x |
| Short | KuCoin USELESSUSDTM | 0.3014 | 0.0106 | get 0.0053% / 4h | 3h 41m | $5.5M | $10.9M | 12x |
Injective USELESS/USDC PERP
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,027.74
- Price spread: −5.815% → 0.000%
- −$581.49
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,621.25
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 7 min ago | 8.47 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3015 | −5.777% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.3021 | −5.609% | $32K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.3008 | −6.015% | $5.8M | $11.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.3028 | −5.381% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.3022 | −5.562% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.3016 | −5.774% | $20K | $515K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.3018 | −5.702% | $690K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0106% | 4h | 0.3014 | −5.815% | $5.5M | $10.9M | 12x | |
| OKX USELESS-USDT-SWAP | +0.0117% | 4h | 0.3007 | −6.034% | $10.9M | $78.2M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.3023 | −5.559% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0318% | 4h | 0.3013 | −5.868% | $7.6M | $8.8M | 50x | as long as short |
| Aster USELESSUSDT | +0.0344% | 4h | 0.3015 | −5.781% | $601K | $2.2M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0441% | 4h | 0.3007 | −6.041% | $22K | $200K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0460% | 4h | 0.3015 | −5.793% | $14.1M | $6.5M | 50x | as long as short |
| Binance USELESSUSDT | +0.0470% | 4h | 0.3014 | −5.840% | $25.8M | $131.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0472% | 1h | 0.3010 | −5.955% | $287K | $1.7M | 5x | as long as short |
| BingX USELESS-USDT | +0.0754% | 4h | 0.3016 | −5.746% | — | $5.5M | — | as long as short |
| Variational Omni USELESS | +0.0836% | 4h | 0.3010 | −5.935% | $1.3M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.0962% | 4h | 0.3022 | −5.562% | $22K | $1.8M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1025% | 4h | 0.3010 | −5.962% | $29.8M | $52.9M | 13x | as long as short |
| Hyperliquid USELESS | +0.1157% | 1h | 0.3018 | −5.702% | $13.6M | $24.2M | 3x | as long as short |
| BloFin USELESS-USDT | +0.1562% | 4h | 0.3029 | −5.343% | $1.3M | $2.3M | 12x | as long as short |
| ApeX Omni USELESSUSDT | +0.1819% | 1h | 0.3001 | −6.230% | $56K | $699K | 25x | as long as short |
| Injective USELESS/USDC PERPlong | +0.5000% | 1h | 0.3200 | long leg | $5K | $10K | 5.5x |
Gate USELESS_USDT
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
Hyperliquid USELESS
BloFin USELESS-USDT
ApeX Omni USELESSUSDT