Funding you earn now, next payment 08:00 UTC−0.0872%/8h= −95.5% APRnext payment −$4.36 per $10,000 · paid last 24h −0.272%
Price spread now: KuCoin against Orderly−0.097%7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.755%−$75 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.097%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and KuCoin is 0.058% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2890 | 0.0972 | pay 0.0486% / 4h | 35m 28s | $22K | $1.6M | 10x |
| Short | KuCoin USELESSUSDTM | 0.2887 | 0.0100 | get 0.0050% / 4h | 35m 28s | $5.3M | $10.7M | 12x |
Orderly PERP_USELESS_USDC
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- −$183.12
- Price spread: −0.097% → −0.039%
- −$5.77
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$206.89
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 3 min ago | 9.61 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2889 | −0.021% | $1.3M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2884 | −0.211% | $31K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0100% | 4h | 0.2887 | −0.097% | $5.3M | $10.7M | 12x | |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2880 | −0.353% | $5.5M | $10.9M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2888 | −0.073% | $29K | $275K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2892 | +0.083% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2886 | −0.128% | $20K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2890 | 0.000% | $650K | $1.2M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0111% | 4h | 0.2880 | −0.353% | $10.1M | $72.9M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0160% | 1h | 0.2888 | −0.076% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USELESSUSDT | +0.0288% | 4h | 0.2888 | −0.070% | $566K | $2.2M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0306% | 4h | 0.2901 | +0.383% | $21K | $198K | 10x | as long as short |
| Extended USELESS-USD | +0.0320% | 1h | 0.2889 | −0.024% | $245K | $1.6M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0322% | 4h | 0.2891 | +0.028% | $12.3M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0323% | 4h | 0.2888 | −0.073% | $24.1M | $126.5M | 50x | as long as short |
| Gate USELESS_USDT | +0.0388% | 4h | 0.2885 | −0.170% | $7.2M | $8.8M | 50x | as long as short |
| BingX USELESS-USDT | +0.0500% | 4h | 0.2888 | −0.073% | — | $5.4M | — | as long as short |
| Bybit USELESSUSDT | +0.0527% | 4h | 0.2883 | −0.232% | $27.4M | $50.2M | 13x | as long as short |
| Variational Omni USELESS | +0.0548% | 4h | 0.2887 | −0.109% | $1.2M | $1.9M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0579% | 1h | 0.2900 | +0.346% | $54K | $701K | 25x | as long as short |
| BloFin USELESS-USDT | +0.0766% | 4h | 0.2906 | +0.550% | $1.2M | $2.2M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.0972% | 4h | 0.2890 | long leg | $22K | $1.6M | 10x | |
| Hyperliquid USELESS | +0.1030% | 1h | 0.2891 | +0.021% | $12.7M | $23.7M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3087 | +6.830% | $5K | $11K | 5.5x | as long as short |
Aster USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Gate USELESS_USDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS
Injective USELESS/USDC PERP