USUAL funding rates and arbitrage
Updated 2026-11-11 22:54 UTC
Best USUAL arbitrage after every cost
No USUAL pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
USUAL funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Bybit | USUALUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $625.9K | 2026-11-12 00:00 |
| KuCoin | USUALUSDTM | 0.0050% | 4 h | +10.9% | −1.2% | $124.7K | 2026-11-12 00:00 |
| MEXC | USUAL_USDT | 0.0050% | 4 h | +10.9% | +7.5% | $3.2M | 2026-11-12 00:00 |
| WhiteBIT | USUAL_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $314K | 2026-11-12 00:00 |
| Bitget | USUALUSDT | 0.0050% | 4 h | +10.9% | +1.0% | $529.7K | 2026-11-12 00:00 |
| LBank | USUALUSDT | 0.0050% | 4 h | +10.9% | +12.0% | — | 2026-11-12 00:00 |
| WOO X | PERP_USUAL_USDT | 0.0050% | 4 h | +10.9% | +7.5% | $161 | 2026-11-12 00:00 |
| Bitunix | USUALUSDT | 0.0050% | 4 h | +10.9% | +7.3% | — | 2026-11-12 00:00 |
| BingX | USUAL-USDT | 0.0050% | 4 h | +10.9% | +11.1% | $620.2K | 2026-11-12 00:00 |
| Binance | USUALUSDT | 0.0050% | 4 h | +10.9% | +7.5% | $1.7M | 2026-11-12 00:00 |
| Gate | USUAL_USDT | 0.0100% | 8 h | +10.9% | +11.0% | $282.8K | 2026-11-12 00:00 |
| Hyperliquid | USUAL | 0.0013% | 1 h | +10.9% | +25.4% | $469.4K | 2026-11-11 23:00 |
| Variational | USUAL-PERP | 0.0050% | 4 h | +10.9% | +12.0% | $1.6K | 2026-11-12 00:00 |
| Kraken | PF_USUALUSD | -0.0078% | 1 h | −67.9% | +56.7% | $68.1K | 2026-11-11 23:00 |
Borrow USUAL to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Binance | 23.43% | — |
| Gate | 70.41% | $20K |
| Bitget | — | — |
Cost to enter $10,000 of USUAL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | USUAL_USDT | 8.7 bp | top of book only |
| Bybit | USUALUSDT | 8.8 bp | top of book only |
| Binance | USUALUSDT | 10.1 bp | top of book only |
| Gate | USUAL_USDT | 12.1 bp | top of book only |
| BingX | USUAL-USDT | 12.4 bp | top of book only |
| Variational | USUAL-PERP | 13.9 bp | top of book only |
| Binance | USUALUSDT (spot) | 14.6 bp | top of book only |
| Bitget | USUALUSDT (spot) | 14.6 bp | top of book only |
| Bitget | USUALUSDT | 20.0 bp | top of book only |
| Kraken | PF_USUALUSD | 22.7 bp | top of book only |
| KuCoin | USUALUSDTM | 24.6 bp | top of book only |
| Gate | USUAL_USDT (spot) | 24.6 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on USUAL
Questions
Is USUAL funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no USUAL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest USUAL funding rate?
Bybit at +10.9% a year (0.0050% every 4 h); the lowest is Kraken at −67.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.