USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0708%/8h= +77.5% APRnext payment +$3.54 per $10,000 · paid last 24h +0.193%

Price spread now: BloFin against KuCoin0.000%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.571%+$57 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg +0.052%

Together, before fees+0.501%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.052%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.571% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2828	0.0136	pay 0.0068% / 4h	1h 16m	$5.2M	$10.6M	12x
Short	BloFin USELESS-USDT	0.2828	0.0844	get 0.0422% / 4h	1h 16m	$1.2M	$2.1M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $148.68
Price spread: 0.000% → +0.052%: −$5.21
Slippage, 4 orders: −$107.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $12.13
Costs to cover: 1.313%
Break-even: 6.4 days

Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 6 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 KuCoin live order book, 2 min ago	8.65 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.01 bp	21.7 bp −$22	47.3 bp −$473	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	0.2826	−0.064%	$1.3M	$1.3M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2828	−0.005%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2821	−0.230%	$5.4M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2826	−0.071%	$28K	$264K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2829	+0.028%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2825	−0.103%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2835	+0.251%	$648K	$1.2M	20x	as long as short
Aster USELESSUSDT	+0.0101%	4h	0.2828	−0.007%	$554K	$2.2M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0136%	4h	0.2828	long leg	$5.2M	$10.6M	12x
Aevo USELESS-PERP	+0.0152%	1h	0.2827	−0.044%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0153%	4h	0.2822	−0.194%	$9.7M	$70.3M	10x	as long as short
Hyperliquid USELESS	+0.0172%	1h	0.2827	−0.014%	$12.2M	$23.3M	3x	as long as short
edgeX USELESSUSDC	+0.0267%	4h	0.2836	+0.288%	$21K	$197K	10x	as long as short
Extended USELESS-USD	+0.0296%	1h	0.2824	−0.143%	$142K	$796K	5x	as long as short
MEXC USELESS_USDT	+0.0296%	4h	0.2827	−0.021%	$11.8M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0297%	4h	0.2828	−0.004%	$23.4M	$124.2M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0458%	1h	0.2819	−0.311%	$52K	$701K	25x	as long as short
BingX USELESS-USDT	+0.0576%	4h	0.2824	−0.145%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0604%	4h	0.2824	−0.117%	$26.6M	$49.0M	13x	as long as short
Variational Omni USELESS	+0.0621%	4h	0.2823	−0.161%	$1.1M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0808%	4h	0.2822	−0.191%	$7.0M	$8.7M	50x	as long as short
BloFin USELESS-USDTshort	+0.0844%	4h	0.2828	0.000%	$1.2M	$2.1M	12x
Orderly PERP_USELESS_USDC	+0.0988%	4h	0.2826	−0.057%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2999	+6.072%	$5K	$11K	5.5x	as long as short