Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.018%
Price spread now: KuCoin against OKX+0.198%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1531.532% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.198%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.182% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2622 | 0.0177 | pay 0.0089% / 4h | 3h 18m | $8.9M | $63.3M | 10x |
| Short | KuCoin USELESSUSDTM | 0.2627 | 0.0202 | get 0.0101% / 4h | 3h 18m | $4.8M | $10.7M | 12x |
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $5.21
- Price spread: +0.198% → +0.017%
- $18.17
- Slippage, 4 orders
- −$131.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$129.83
- Costs to cover
- 1.532%
- Break-even
- 181.4 days
Slippage from OKX: live order book, 5 min ago; KuCoin: 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 OKX live order book, 5 min ago | 0.95 bp | 22.0 bp −$22 | 104.4 bp −$1,044 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 8.62 bp | 54.9 bp −$55 | 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 | 0.2625 | +0.133% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2626 | +0.139% | $28K | $18K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2629 | +0.275% | $25K | $236K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2630 | +0.313% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2624 | +0.095% | $18K | $519K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2629 | +0.256% | $606K | $1.1M | 20x | as long as short |
| Bitget USELESSUSDT | +0.0156% | 4h | 0.2621 | −0.015% | $5.0M | $10.3M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0160% | 1h | 0.2627 | +0.199% | $9K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0173% | 4h | 0.2624 | +0.085% | $518K | $2.4M | 10x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0177% | 4h | 0.2622 | long leg | $8.9M | $63.3M | 10x |
Lighter USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Bitget USELESSUSDT
Aevo USELESS-PERP
Aster USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTMshort | +0.0202% | 4h | 0.2627 | +0.198% | $4.8M | $10.7M | 12x | |
| Gate USELESS_USDT | +0.0214% | 4h | 0.2619 | −0.099% | $6.5M | $8.6M | 50x | as long as short |
| Binance USELESSUSDT | +0.0326% | 4h | 0.2626 | +0.164% | $21.9M | $121.6M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0328% | 4h | 0.2623 | +0.032% | $19K | $197K | 10x | as long as short |
| Extended USELESS-USD | +0.0328% | 1h | 0.2622 | +0.006% | $112K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0330% | 4h | 0.2627 | +0.214% | $10.6M | $6.1M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0348% | 1h | 0.2621 | −0.034% | $36K | $695K | 25x | as long as short |
| Hyperliquid USELESS | +0.0389% | 1h | 0.2626 | +0.141% | $11.5M | $22.6M | 3x | as long as short |
| Variational Omni USELESS | +0.0627% | 4h | 0.2619 | −0.115% | $1.0M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.0766% | 4h | 0.2623 | +0.046% | $24.7M | $48.4M | 13x | as long as short |
| BingX USELESS-USDT | +0.0804% | 4h | 0.2623 | +0.031% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.1046% | 4h | 0.2629 | +0.282% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1288% | 4h | 0.2631 | +0.328% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2773 | +5.759% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
ApeX Omni USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
Bybit USELESSUSDT
BingX USELESS-USDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP