Funding you earn now, next payment 08:00 UTC−0.0929%/8h= −101.8% APRnext payment −$4.65 per $10,000 · paid last 24h −0.272%
Price spread now: KuCoin against Orderly+0.094%57s7-day average −0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.755%−$75 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.094%, 7d avg −0.039%
=The price spread pays, funding is against you. KuCoin is 0.133% dearer against Orderly than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.039%): +$13 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.755% in total) that is about 30 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_USELESS_USDC | 0.2779 | 0.1077 | pay 0.0539% / 4h | 1h 48m | $21K | $1.4M | 10x |
| Short | KuCoin USELESSUSDTM | 0.2782 | 0.0148 | get 0.0074% / 4h | 1h 48m | $5.1M | $10.6M | 12x |
Orderly PERP_USELESS_USDC
KuCoin USELESSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- −$195.18
- Price spread: +0.094% → −0.039%
- $13.26
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$199.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 10 min ago | 7.96 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2784 | +0.166% | $1.3M | $1.2M | 3x | as long as short |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2785 | +0.218% | $546K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2780 | +0.027% | $30K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2781 | +0.065% | $5.4M | $10.4M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2748 | −1.123% | $48K | $701K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2783 | +0.130% | $26K | $257K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2780 | +0.036% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2773 | −0.227% | $19K | $517K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2773 | −0.209% | $643K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2770 | −0.341% | $10K | — | 3x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
Bitget USELESSUSDT
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTMshort | +0.0148% | 4h | 0.2782 | +0.094% | $5.1M | $10.6M | 12x | |
| OKX USELESS-USDT-SWAP | +0.0164% | 4h | 0.2781 | +0.072% | $9.6M | $68.8M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0212% | 4h | 0.2753 | −0.960% | $21K | $196K | 10x | as long as short |
| Extended USELESS-USD | +0.0248% | 1h | 0.2787 | +0.282% | $138K | $994K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0248% | 4h | 0.2783 | +0.148% | $11.3M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0282% | 4h | 0.2783 | +0.130% | $23.1M | $123.4M | 50x | as long as short |
| Gate USELESS_USDT | +0.0350% | 4h | 0.2779 | +0.004% | $6.9M | $8.6M | 50x | as long as short |
| BingX USELESS-USDT | +0.0370% | 4h | 0.2786 | +0.248% | — | $5.3M | — | as long as short |
| Hyperliquid USELESS | +0.0381% | 1h | 0.2784 | +0.166% | $12.1M | $23.4M | 3x | as long as short |
| Variational Omni USELESS | +0.0445% | 4h | 0.2750 | −1.067% | $1.0M | $1.8M | — | as long as short |
| Bybit USELESSUSDT | +0.0581% | 4h | 0.2784 | +0.158% | $26.1M | $48.7M | 13x | as long as short |
| BloFin USELESS-USDT | +0.0714% | 4h | 0.2776 | −0.122% | $1.2M | $2.1M | 12x | as long as short |
| Orderly PERP_USELESS_USDClong | +0.1077% | 4h | 0.2779 | long leg | $21K | $1.4M | 10x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2921 | +5.088% | $5K | $11K | 5.5x | as long as short |
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Gate USELESS_USDT
BingX USELESS-USDT
Hyperliquid USELESS
Variational Omni USELESS
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP