Funding you earn now, next payment 00:00 UTC−0.0275%/8h= −30.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.091%
Price spread now: KuCoin against Binance−0.407%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1431.426% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days+0.468%+$47 · spread now −0.407%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.361% cheaper against Binance than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.38 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 | Binance USELESSUSDT | 0.2871 | 0.0585 | pay 0.0293% / 4h | 1h 59m | $24.4M | $110.8M | 50x |
| Short | KuCoin USELESSUSDTM | 0.2859 | 0.0310 | get 0.0155% / 4h | 1h 59m | $5.3M | $9.7M | 12x |
Binance USELESSUSDT
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$57.78
- Price spread: −0.407% → −0.046%
- −$36.13
- Slippage, 4 orders
- −$120.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$236.49
- Costs to cover
- 1.426%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 9 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 Binance live order book, 14 min ago | 0.17 bp | 7.9 bp −$8 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 8.97 bp | 48.5 bp −$49 | 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 | 0.2864 | −0.236% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2859 | −0.411% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2871 | +0.007% | $10.1M | $64.8M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2864 | −0.261% | $28K | $140K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2865 | −0.229% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2860 | −0.383% | $20K | $388K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2848 | −0.794% | $576K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2864 | −0.265% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0270% | 1h | 0.2851 | −0.703% | $41K | $698K | 25x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0310% | 4h | 0.2859 | −0.407% | $5.3M | $9.7M | 12x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0394% | 4h | 0.2858 | −0.473% | $7.1M | $7.8M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0516% | 4h | 0.2865 | −0.202% | $5.5M | $8.8M | 20x | as long as short |
| Extended USELESS-USD | +0.0584% | 1h | 0.2866 | −0.188% | $301K | $968K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0584% | 4h | 0.2870 | −0.052% | $10.1M | $5.7M | 50x | as long as short |
| Binance USELESSUSDTlong | +0.0585% | 4h | 0.2871 | long leg | $24.4M | $110.8M | 50x | |
| edgeX USELESSUSDC | +0.0589% | 4h | 0.2859 | −0.437% | $21K | $191K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1215% | 4h | 0.2865 | −0.229% | $22K | $1.4M | 10x | as long as short |
| Aster USELESSUSDT | +0.1279% | 4h | 0.2858 | −0.474% | $661K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1322% | 4h | 0.2866 | −0.177% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1422% | 4h | 0.2857 | −0.492% | $1.2M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.1466% | 4h | 0.2871 | −0.017% | $29.1M | $43.1M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1844% | 4h | 0.2871 | 0.000% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESS | +0.2171% | 1h | 0.2868 | −0.100% | $14.7M | $19.8M | 3x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3028 | +5.469% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Aster USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Hyperliquid USELESS
Injective USELESS/USDC PERP