USELESS

Alert: funding

Alert: spread

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: Bitget against KuCoin+0.104%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1641.636% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

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%

Together, before fees−0.263%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.067% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin USELESSUSDTM	0.2593	0.0218	pay 0.0109% / 4h	21m 46s	$4.7M	$10.7M	12x
Short	Bitget USELESSUSDT	0.2596	0.0318	get 0.0159% / 4h	21m 46s	$4.9M	$10.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.104%Rate

Funding earned: $21
Price spread: +0.104% → +0.037%: $6.72
Slippage, 4 orders: −$139.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$135.87
Costs to cover: 1.636%
Break-even: 52.3 days

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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 KuCoin live order book, 2 min ago	7.93 bp	48.7 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.84 bp	27.1 bp −$27	123.4 bp −$1,234	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	−0.023%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESS	+0.0100%	1h	0.2600	+0.258%	$11.6M	$22.5M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2595	+0.062%	$29K	$64K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2603	+0.370%	$31K	$224K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2602	+0.363%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2612	+0.725%	$18K	$522K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2610	+0.644%	$584K	$1.0M	20x	as long as short
Aevo USELESS-PERP	+0.0192%	1h	0.2615	+0.830%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0198%	4h	0.2593	−0.012%	$8.9M	$63.6M	10x	as long as short
KuCoin USELESSUSDTMlong	+0.0218%	4h	0.2593	long leg	$4.7M	$10.7M	12x

Show 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	+0.216%	$6.5M	$8.7M	50x	as long as short
Bitget USELESSUSDTshort	+0.0318%	4h	0.2596	+0.104%	$4.9M	$10.5M	20x
ApeX Omni USELESSUSDT	+0.0339%	1h	0.2574	−0.733%	$33K	$693K	25x	as long as short
Binance USELESSUSDT	+0.0432%	4h	0.2594	+0.050%	$21.6M	$122.7M	50x	as long as short
Extended USELESS-USD	+0.0432%	1h	0.2598	+0.188%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0432%	4h	0.2596	+0.123%	$10.4M	$6.2M	50x	as long as short
edgeX USELESSUSDC	+0.0441%	4h	0.2578	−0.573%	$19K	$196K	10x	as long as short
Bybit USELESSUSDT	+0.0484%	4h	0.2593	−0.012%	$24.6M	$48.6M	13x	as long as short
BingX USELESS-USDT	+0.0486%	4h	0.2600	+0.282%	—	$5.3M	—	as long as short
Aster USELESSUSDT	+0.0495%	4h	0.2599	+0.229%	$515K	$2.4M	10x	as long as short
Variational Omni USELESS	+0.0681%	4h	0.2564	−1.110%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0752%	4h	0.2582	−0.405%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1330%	4h	0.2615	+0.845%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2735	+5.492%	$5K	$11K	5.5x	as long as short