Spread before costs (cost unknown: a leg has no order-book sample)−1.403%
7d average—if it closes, per $10,000$140funding while held, a day−$150.23
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01354 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $286K | $67K | 20x |
| Short | Injective USUAL/USDC PERP | 0.01335 | −0.4908 | pay 0.0613% / 1h | 12m 12s | $6K | $57K | 5.5x |
KuCoin USUALUSDTM
Injective USUAL/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$140.32
- Funding while held
- −$150.23
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$302.57
- Spread needed to break even
- 0.120%
Slippage unknown: KuCoin: live order book, 26 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.5008%
- Per $10,000 a day
- −$150.23
- Average in range /8h
- —
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, 26 min ago | 33.15 bp | 194.6 bp −$195 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.
USUAL price on every exchange
against the cheapest. Click to use as the short leg.
MEXC
Binance
Kraken Futures
Hyperliquid
BingX
Gate
Bitget
Bybit
Variational OmniUSUAL on 11 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERPshort | −1.403% | −0.4908% | 1h | $6K | $57K | 5.5x | |
| MEXC USUAL_USDT | −0.443% | +0.0100% | 4h | $5.9M | $307K | 100x | as long as short |
| Binance USUALUSDT | −0.428% | +0.0100% | 4h | $2.1M | $3.6M | 50x | as long as short |
| Kraken Futures PF_USUALUSD | −0.418% | −0.0689% | 1h | $110K | $26K | 10x | as long as short |
| Hyperliquid USUAL | −0.369% | +0.0100% | 1h | $393K | $236K | 3x | as long as short |
| BingX USUAL-USDT | −0.318% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Gate USUAL_USDT | −0.295% | +0.0100% | 8h | $904K | $261K | 50x | as long as short |
| Bitget USUALUSDT | −0.222% | +0.0100% | 4h | $822K | $536K | 50x | as long as short |
| Bybit USUALUSDT | −0.207% | +0.0100% | 4h | $997K | $975K | 25x | as long as short |
| Variational Omni USUAL | −0.006% | +0.0100% | 4h | $9K | $4K | — | as long as short |
Show all 11 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USUALUSDTMlong | 0.000% | +0.0100% | 4h | $286K | $67K | 20x |