Funding you earn now, next payment 04:00 UTC+0.0346%/8h= +37.9% APRnext payment +$1.73 per $10,000 · paid last 24h +0.089%
Price spread now: edgeX against KuCoin+0.331%53s7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$299as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2952.948% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.331%, 7d avg +0.093%
=Together, before fees−0.244%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.238% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.093%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.73 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 | KuCoin USELESSUSDTM | 0.2751 | 0.0220 | pay 0.0110% / 4h | 1h 30m | $5.1M | $10.4M | 12x |
| Short | edgeX USELESSUSDC | 0.2760 | 0.0566 | get 0.0283% / 4h | 1h 30m | $21K | $196K | 10x |
KuCoin USELESSUSDTM
edgeX USELESSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against KuCoin. 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
- $72.7
- Price spread: +0.331% → +0.093%
- $23.76
- Slippage, 4 orders
- −$273.83
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$198.36
- Costs to cover
- 2.948%
- Break-even
- 26.1 days
Slippage from KuCoin: live order book, 8 min ago; edgeX: live order book, 31 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, 8 min ago | 6.56 bp | 40.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 31 min ago | 1.42 bp | 118.4 bp −$118 | 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 | 0.2752 | +0.033% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2753 | +0.076% | $31K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2749 | −0.080% | $6.9M | $8.5M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2746 | −0.189% | $38K | $693K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2751 | −0.015% | $35K | $211K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2758 | +0.247% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2749 | −0.073% | $18K | $509K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2750 | −0.058% | $606K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0156% | 4h | 0.2750 | −0.044% | $9.7M | $64.5M | 10x | as long as short |
| KuCoin USELESSUSDTMlong | +0.0220% | 4h | 0.2751 | long leg | $5.1M | $10.4M | 12x |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0232% | 1h | 0.2756 | +0.167% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0520% | 4h | 0.2752 | +0.044% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDCshort | +0.0566% | 4h | 0.2760 | +0.331% | $21K | $196K | 10x | |
| Binance USELESSUSDT | +0.0597% | 4h | 0.2754 | +0.087% | $23.3M | $117.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0600% | 1h | 0.2754 | +0.086% | $291K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0600% | 4h | 0.2753 | +0.062% | $10.8M | $6.0M | 50x | as long as short |
| Hyperliquid USELESS | +0.0675% | 1h | 0.2751 | −0.015% | $13.5M | $20.9M | 3x | as long as short |
| BingX USELESS-USDT | +0.0818% | 4h | 0.2755 | +0.131% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0897% | 4h | 0.2752 | +0.036% | $26.6M | $46.4M | 13x | as long as short |
| Variational Omni USELESS | +0.0953% | 4h | 0.2752 | +0.038% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1044% | 4h | 0.2757 | +0.193% | $582K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1188% | 4h | 0.2754 | +0.091% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1357% | 4h | 0.2755 | +0.127% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2918 | +6.052% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Hyperliquid USELESS
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP