Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.051%
Price spread now: KuCoin against Bitget−0.104%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1641.636% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days+0.137%+$14 · spread now −0.104%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.126%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USELESSUSDT | 0.2596 | 0.0318 | pay 0.0159% / 4h | 21m 46s | $4.9M | $10.5M | 20x |
| Short | KuCoin USELESSUSDTM | 0.2593 | 0.0218 | get 0.0109% / 4h | 21m 46s | $4.7M | $10.7M | 12x |
Bitget USELESSUSDT
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$21
- Price spread: −0.104% → −0.037%
- −$6.71
- Slippage, 4 orders
- −$139.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$191.3
- Costs to cover
- 1.636%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago | 4.84 bp | 32.0 bp −$32 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.93 bp | 55.8 bp −$56 | 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 | 0.2592 | −0.127% | $1.2M | $1.2M | 3x | as long as short |
| Hyperliquid USELESS | +0.0100% | 1h | 0.2600 | +0.154% | $11.6M | $22.5M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2595 | −0.042% | $29K | $64K | 3x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2603 | +0.266% | $31K | $224K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2602 | +0.258% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2612 | +0.620% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2610 | +0.539% | $584K | $1.0M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2615 | +0.725% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0198% | 4h | 0.2593 | −0.116% | $8.9M | $63.6M | 10x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0218% | 4h | 0.2593 | −0.104% | $4.7M | $10.7M | 12x |
Lighter USELESS
Hyperliquid USELESS
Pacifica USELESS
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0248% | 4h | 0.2599 | +0.112% | $6.5M | $8.7M | 50x | as long as short |
| Bitget USELESSUSDTlong | +0.0318% | 4h | 0.2596 | long leg | $4.9M | $10.5M | 20x | |
| ApeX Omni USELESSUSDT | +0.0339% | 1h | 0.2574 | −0.836% | $33K | $693K | 25x | as long as short |
| Binance USELESSUSDT | +0.0432% | 4h | 0.2594 | −0.054% | $21.6M | $122.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0432% | 1h | 0.2598 | +0.084% | $113K | $1.2M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0432% | 4h | 0.2596 | +0.019% | $10.4M | $6.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0441% | 4h | 0.2578 | −0.677% | $19K | $196K | 10x | as long as short |
| Bybit USELESSUSDT | +0.0484% | 4h | 0.2593 | −0.116% | $24.6M | $48.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.0486% | 4h | 0.2600 | +0.177% | — | $5.3M | — | as long as short |
| Aster USELESSUSDT | +0.0495% | 4h | 0.2599 | +0.124% | $515K | $2.4M | 10x | as long as short |
| Variational Omni USELESS | +0.0681% | 4h | 0.2564 | −1.213% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0752% | 4h | 0.2582 | −0.509% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1330% | 4h | 0.2615 | +0.740% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2735 | +5.382% | $5K | $11K | 5.5x | as long as short |
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
edgeX USELESSUSDC
Bybit USELESSUSDT
BingX USELESS-USDT
Aster USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP