Funding you earn now, next payment 04:00 UTC+0.0371%/8h= +40.6% APRnext payment +$1.85 per $10,000 · paid last 24h +0.088%
Price spread now: edgeX against KuCoin+1.226%68s7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$294as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2902.898% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)−1.142%−$114 · spread now +1.226%, 7d avg +0.089%
=Together, before fees−1.184%+ Points / potential airdropedgeX: Active · farm board−$118 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 1.138% dearer against KuCoin than usual: you sell high and buy low: +$114 more if the spread goes back to its 7-day average of +0.089%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USELESSUSDTM | 0.2870 | 0.0132 | pay 0.0066% / 4h | 3h 02m | $5.3M | $10.2M | 12x |
| Short | edgeX USELESSUSDC | 0.2905 | 0.0503 | get 0.0251% / 4h | 3h 02m | $22K | $194K | 10x |
KuCoin USELESSUSDTM
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against KuCoin. 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
- $77.87
- Price spread: +1.226% → +0.089%
- $113.75
- Slippage, 4 orders
- −$268.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$98.2
- Costs to cover
- 2.898%
- Break-even
- 15.8 days
Slippage from KuCoin: live order book, 1 min ago; edgeX: live order book, 4 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, 1 min ago | 9.20 bp | 41.7 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 0.86 bp | 151.7 bp −$152 | 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 | 0.2880 | +0.369% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2877 | +0.256% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2872 | +0.077% | $10.1M | $67.8M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2870 | +0.014% | $47K | $179K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2871 | +0.049% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2869 | −0.031% | $19K | $513K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2865 | −0.171% | $606K | $1.2M | 20x | as long as short |
| Gate USELESS_USDT | +0.0126% | 4h | 0.2872 | +0.063% | $7.2M | $8.5M | 50x | as long as short |
| KuCoin USELESSUSDTMlong | +0.0132% | 4h | 0.2870 | long leg | $5.3M | $10.2M | 12x | |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2872 | +0.061% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0438% | 1h | 0.2901 | +1.084% | $40K | $698K | 25x | as long as short |
| MEXC USELESS_USDT | +0.0502% | 4h | 0.2873 | +0.112% | $11.2M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0503% | 4h | 0.2873 | +0.125% | $24.3M | $116.9M | 50x | as long as short |
| edgeX USELESSUSDCshort | +0.0503% | 4h | 0.2905 | +1.226% | $22K | $194K | 10x | |
| Extended USELESS-USD | +0.0504% | 1h | 0.2873 | +0.091% | $303K | $1.2M | 5x | as long as short |
| Bitget USELESSUSDT | +0.0600% | 4h | 0.2868 | −0.049% | $5.5M | $9.7M | 20x | as long as short |
| Bybit USELESSUSDT | +0.0816% | 4h | 0.2873 | +0.118% | $28.1M | $46.5M | 13x | as long as short |
| BingX USELESS-USDT | +0.0880% | 4h | 0.2873 | +0.112% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.0960% | 4h | 0.2897 | +0.927% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.1064% | 4h | 0.2879 | +0.331% | $1.2M | $2.1M | 12x | as long as short |
| Hyperliquid USELESS | +0.1091% | 1h | 0.2873 | +0.095% | $14.4M | $21.0M | 3x | as long as short |
| Aster USELESSUSDT | +0.1093% | 4h | 0.2872 | +0.059% | $661K | $2.3M | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1246% | 4h | 0.2874 | +0.160% | $22K | $1.4M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3073 | +7.084% | $5K | $9K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Bitget USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Hyperliquid USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP