USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.87 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Gate+0.047%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2252.247% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 7 days+0.116%+$12 · spread now +0.047%, 7d avg +0.058%

Together, before fees+0.291%+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.175%, 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	Gate USELESS_USDT	0.2746	0.0274	pay 0.0137% / 4h	1h 55m	$6.9M	$8.6M	50x
Short	KuCoin USELESSUSDTM	0.2747	0.0100	get 0.0050% / 4h	1h 55m	$5.0M	$10.6M	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$36.54
Price spread: +0.047% → +0.058%: −$1.04
Slippage, 4 orders: −$197.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$262.3
Costs to cover: 2.247%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 3 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 Gate live order book, 3 min ago	7.42 bp	79.4 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	7.96 bp	49.7 bp −$50	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	0.2750	+0.160%	$1.3M	$1.2M	3x	as long as short
Aster USELESSUSDT	+0.0100%	4h	0.2747	+0.054%	$538K	$2.1M	10x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2751	+0.203%	$29K	$19K	3x	as long as short
KuCoin USELESSUSDTMshort	+0.0100%	4h	0.2747	+0.047%	$5.0M	$10.6M	12x
Bitget USELESSUSDT	+0.0100%	4h	0.2748	+0.076%	$5.3M	$10.4M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2748	+0.076%	$26K	$257K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2752	+0.251%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2743	−0.098%	$19K	$517K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2748	+0.091%	$639K	$1.2M	20x	as long as short
Aevo USELESS-PERP	+0.0136%	1h	0.2748	+0.076%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX USELESS-USDT-SWAP	+0.0148%	4h	0.2752	+0.229%	$9.5M	$67.9M	10x	as long as short
edgeX USELESSUSDC	+0.0221%	4h	0.2762	+0.584%	$21K	$195K	10x	as long as short
Binance USELESSUSDT	+0.0223%	4h	0.2752	+0.224%	$22.8M	$123.2M	50x	as long as short
Extended USELESS-USD	+0.0224%	1h	0.2749	+0.138%	$136K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0228%	4h	0.2751	+0.193%	$11.2M	$6.0M	50x	as long as short
Gate USELESS_USDTlong	+0.0274%	4h	0.2746	long leg	$6.9M	$8.6M	50x
Hyperliquid USELESS	+0.0283%	1h	0.2754	+0.291%	$11.9M	$23.3M	3x	as long as short
BingX USELESS-USDT	+0.0384%	4h	0.2753	+0.255%	—	$5.3M	—	as long as short
Bybit USELESSUSDT	+0.0393%	4h	0.2750	+0.168%	$25.8M	$48.7M	13x	as long as short
Variational Omni USELESS	+0.0452%	4h	0.2748	+0.079%	$1.0M	$1.8M	—	as long as short
ApeX Omni USELESSUSDT	+0.0571%	1h	0.2759	+0.488%	$49K	$700K	25x	as long as short
BloFin USELESS-USDT	+0.0633%	4h	0.2753	+0.288%	$1.2M	$2.1M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1066%	4h	0.2752	+0.233%	$21K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2910	+6.006%	$5K	$11K	5.5x	as long as short