USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0868%/8h= +95.0% APRnext payment +$4.34 per $10,000 · paid last 24h +0.272%

Price spread now: Orderly against KuCoin+0.147%7-day average +0.040% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.755%+$75 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.147%, 7d avg +0.040%

Together, before fees+0.625%+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Orderly is 0.107% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2788	0.0160	pay 0.0080% / 4h	1h 27m	$5.1M	$10.6M	12x
Short	Orderly PERP_USELESS_USDC	0.2792	0.1028	get 0.0514% / 4h	1h 27m	$21K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.147%Rate

Funding earned: $182.25
Price spread: +0.147% → +0.040%: $10.73
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $174.99
Costs to cover: 0.180%
Break-even: 0.3 days

Slippage unknown: KuCoin: live order book, 1 min ago; Orderly: no order-book sample. 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 KuCoin live order book, 1 min ago	8.27 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	0.2788	−0.014%	$1.3M	$1.3M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2788	+0.001%	$546K	$2.2M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2787	−0.032%	$30K	$19K	3x	as long as short
Bitget USELESSUSDT	+0.0100%	4h	0.2792	+0.143%	$5.4M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2790	+0.068%	$27K	$261K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2793	+0.172%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2781	−0.251%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2780	−0.312%	$640K	$1.2M	20x	as long as short
OKX USELESS-USDT-SWAP	+0.0148%	4h	0.2792	+0.147%	$9.6M	$69.3M	10x	as long as short
Aevo USELESS-PERP	+0.0152%	1h	0.2781	−0.249%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTMlong	+0.0160%	4h	0.2788	long leg	$5.1M	$10.6M	12x
Hyperliquid USELESS	+0.0164%	1h	0.2792	+0.121%	$12.1M	$23.4M	3x	as long as short
edgeX USELESSUSDC	+0.0264%	4h	0.2781	−0.259%	$21K	$196K	10x	as long as short
Extended USELESS-USD	+0.0272%	1h	0.2795	+0.225%	$139K	$819K	5x	as long as short
MEXC USELESS_USDT	+0.0272%	4h	0.2791	+0.079%	$11.6M	$6.1M	50x	as long as short
Binance USELESSUSDT	+0.0274%	4h	0.2794	+0.219%	$23.2M	$123.9M	50x	as long as short
ApeX Omni USELESSUSDT	+0.0376%	1h	0.2780	−0.301%	$51K	$700K	25x	as long as short
BingX USELESS-USDT	+0.0560%	4h	0.2797	+0.294%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0597%	4h	0.2793	+0.151%	$26.2M	$48.8M	13x	as long as short
Variational Omni USELESS	+0.0599%	4h	0.2783	−0.181%	$1.0M	$1.8M	—	as long as short
Gate USELESS_USDT	+0.0780%	4h	0.2784	−0.151%	$6.9M	$8.7M	50x	as long as short
BloFin USELESS-USDT	+0.0851%	4h	0.2785	−0.133%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDCshort	+0.1028%	4h	0.2792	+0.147%	$21K	$1.4M	10x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2951	+5.846%	$5K	$11K	5.5x	as long as short