USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.6% APRnext payment −$1.03 per $10,000 · paid last 24h −0.006%

Price spread now: OKX against KuCoin+0.014%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.014%, 7d avg −0.024%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.024%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2822	0.0306	pay 0.0153% / 4h	38m 31s	$5.2M	$10.0M	12x
Short	OKX USELESS-USDT-SWAP	0.2823	0.0100	get 0.0050% / 4h	38m 31s	$9.9M	$66.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$43.26
Price spread: +0.014% → −0.024%: $3.8
Slippage, 4 orders: −$119.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$181.01
Costs to cover: 1.416%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	10.42 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.35 bp	13.7 bp −$14	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	0.2825	+0.089%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2824	+0.053%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAPshort	+0.0100%	4h	0.2823	+0.014%	$9.9M	$66.4M	10x
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2823	+0.032%	$33K	$156K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2829	+0.252%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2824	+0.074%	$19K	$495K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2819	−0.117%	$570K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2828	+0.184%	$10K	—	3x	as long as short
ApeX Omni USELESSUSDT	+0.0256%	1h	0.2821	−0.050%	$39K	$700K	25x	as long as short
KuCoin USELESSUSDTMlong	+0.0306%	4h	0.2822	long leg	$5.2M	$10.0M	12x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0372%	4h	0.2824	+0.043%	$5.3M	$9.3M	20x	as long as short
Gate USELESS_USDT	+0.0410%	4h	0.2820	−0.074%	$7.0M	$8.3M	50x	as long as short
edgeX USELESSUSDC	+0.0510%	4h	0.2827	+0.169%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0524%	4h	0.2825	+0.078%	$10.4M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0525%	4h	0.2825	+0.078%	$23.8M	$115.9M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	0.2823	+0.035%	$297K	$966K	5x	as long as short
Bybit USELESSUSDT	+0.1078%	4h	0.2823	+0.035%	$27.8M	$45.6M	13x	as long as short
BingX USELESS-USDT	+0.1130%	4h	0.2824	+0.064%	—	$5.0M	—	as long as short
Aster USELESSUSDT	+0.1135%	4h	0.2825	+0.078%	$649K	$2.3M	10x	as long as short
Variational Omni USELESS	+0.1280%	4h	0.2823	+0.021%	$1.2M	$1.8M	—	as long as short
Orderly PERP_USELESS_USDC	+0.1335%	4h	0.2828	+0.209%	$22K	$1.4M	10x	as long as short
BloFin USELESS-USDT	+0.1446%	4h	0.2827	+0.174%	$1.2M	$2.0M	12x	as long as short
Hyperliquid USELESS	+0.1473%	1h	0.2829	+0.252%	$14.0M	$21.0M	3x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2995	+6.112%	$5K	$9K	5.5x	as long as short