Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.94 per $10,000 · paid last 24h −0.092%
Price spread now: KuCoin against MEXC−0.198%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days+0.232%+$23 · spread now −0.198%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.150% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 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 | MEXC USELESS_USDT | 0.2831 | 0.0530 | pay 0.0265% / 4h | 44m 39s | $10.4M | $6.0M | 50x |
| Short | KuCoin USELESSUSDTM | 0.2825 | 0.0342 | get 0.0171% / 4h | 44m 39s | $5.2M | $10.0M | 12x |
MEXC USELESS_USDT
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- −$39.48
- Price spread: −0.198% → −0.048%
- −$14.97
- Slippage, 4 orders
- −$113.96
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$188.41
- Costs to cover
- 1.340%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 4 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 MEXC live order book, 3 min ago | 0.18 bp | 5.0 bp −$5 | 43.2 bp −$432 | 170.9 bp −$17.1K | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.27 bp | 57.7 bp −$58 | 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 | 0.2828 | −0.120% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2829 | −0.060% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2834 | +0.113% | $9.9M | $66.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2827 | −0.152% | $32K | $154K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2828 | −0.102% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2827 | −0.148% | $19K | $494K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2822 | −0.314% | $568K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0216% | 1h | 0.2828 | −0.099% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0342% | 4h | 0.2825 | −0.198% | $5.2M | $10.0M | 12x | |
| Bitget USELESSUSDT | +0.0406% | 4h | 0.2834 | +0.124% | $5.4M | $9.3M | 20x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0482% | 4h | 0.2827 | −0.145% | $7.1M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0517% | 4h | 0.2843 | +0.427% | $21K | $192K | 10x | as long as short |
| Binance USELESSUSDT | +0.0524% | 4h | 0.2836 | +0.163% | $23.9M | $115.7M | 50x | as long as short |
| Extended USELESS-USD | +0.0528% | 1h | 0.2832 | +0.040% | $298K | $966K | 5x | as long as short |
| MEXC USELESS_USDTlong | +0.0530% | 4h | 0.2831 | long leg | $10.4M | $6.0M | 50x | |
| ApeX Omni USELESSUSDT | +0.0634% | 1h | 0.2831 | 0.000% | $39K | $702K | 25x | as long as short |
| Aster USELESSUSDT | +0.1141% | 4h | 0.2828 | −0.095% | $651K | $2.3M | 10x | as long as short |
| BingX USELESS-USDT | +0.1172% | 4h | 0.2836 | +0.159% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1189% | 4h | 0.2835 | +0.131% | $28.1M | $45.5M | 13x | as long as short |
| Hyperliquid USELESS | +0.1287% | 1h | 0.2836 | +0.177% | $14.0M | $21.0M | 3x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1326% | 4h | 0.2828 | −0.095% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1329% | 4h | 0.2830 | −0.046% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.1561% | 4h | 0.2831 | 0.000% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2997 | +5.860% | $5K | $9K | 5.5x | as long as short |
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Hyperliquid USELESS
Orderly PERP_USELESS_USDC
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP