Funding you earn now, next payment 12:00 UTC−0.0642%/8h= −70.3% APRnext payment −$3.21 per $10,000 · paid last 24h −0.134%
Price spread now: KuCoin against BingX−0.222%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1141.144% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 7 days+0.248%+$25 · spread now −0.222%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.177% cheaper against BingX than usual: you would sell low and buy high (−$18 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 -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.21 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 | BingX USELESS-USDT | 0.2970 | 0.0762 | pay 0.0381% / 4h | 3h 31m | — | $5.5M | — |
| Short | KuCoin USELESSUSDTM | 0.2963 | 0.0120 | get 0.0060% / 4h | 3h 31m | $5.5M | $11.0M | 12x |
BingX USELESS-USDT
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BingX. 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
- −$134.82
- Price spread: −0.222% → −0.046%
- −$17.66
- Slippage, 4 orders
- −$92.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$266.91
- Costs to cover
- 1.144%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 7 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 BingX live order book, 3 min ago | 3.51 bp | 15.5 bp −$16 | 45.7 bp −$457 | 316.3 bp −$31.6K | 941.6 bp −$470.8K |
| Sell KuCoin live order book, 7 min ago | 8.35 bp | 28.5 bp −$29 | 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 | 0.2969 | −0.017% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2982 | +0.403% | $32K | $19K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2971 | +0.034% | $10.8M | $78.0M | 10x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2960 | −0.333% | $7.4M | $9.0M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2968 | −0.057% | $5.7M | $11.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2966 | −0.118% | $29K | $284K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2977 | +0.226% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2974 | +0.131% | $19K | $516K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2976 | +0.209% | $680K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0120% | 4h | 0.2963 | −0.222% | $5.5M | $11.0M | 12x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Gate USELESS_USDT
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2960 | −0.338% | $11K | — | 3x | as long as short |
| Aster USELESSUSDT | +0.0341% | 4h | 0.2965 | −0.181% | $615K | $2.3M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0467% | 4h | 0.2998 | +0.941% | $22K | $200K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0510% | 4h | 0.2967 | −0.114% | $13.9M | $6.6M | 50x | as long as short |
| Binance USELESSUSDT | +0.0516% | 4h | 0.2966 | −0.135% | $25.5M | $133.5M | 50x | as long as short |
| Extended USELESS-USD | +0.0520% | 1h | 0.2960 | −0.346% | $281K | $1.7M | 5x | as long as short |
| BingX USELESS-USDTlong | +0.0762% | 4h | 0.2970 | long leg | — | $5.5M | — | |
| Variational Omni USELESS | +0.0817% | 4h | 0.3007 | +1.248% | $1.2M | $1.9M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.0956% | 4h | 0.2982 | +0.404% | $22K | $1.9M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.1073% | 1h | 0.2966 | −0.131% | $55K | $700K | 25x | as long as short |
| Hyperliquid USELESS | +0.1090% | 1h | 0.2955 | −0.503% | $13.3M | $24.3M | 3x | as long as short |
| Bybit USELESSUSDT | +0.1431% | 4h | 0.2967 | −0.084% | $29.4M | $53.4M | 13x | as long as short |
| BloFin USELESS-USDT | +0.1487% | 4h | 0.2980 | +0.340% | $1.3M | $2.3M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3176 | +6.930% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
Variational Omni USELESS
Orderly PERP_USELESS_USDC
ApeX Omni USELESSUSDT
Hyperliquid USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP