Funding you earn now, next payment 22:00 UTC+0.1175%/8h= +128.7% APRnext payment +$1.47 per $10,000 · paid last 24h +0.220%
Price spread now: Hyperliquid against ApeX Omni+0.255%105s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as 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−$710.709% of the position
Funding, last 7 days+0.760%+$76 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now +0.255%, 7d avg +0.059%
=Together, before fees+0.969%+ Points / potential airdropHyperliquid: Season 2 · farm board+$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.197% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.059%. The two prices were read 105 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 0.760% in total (about 39.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.47 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 | ApeX Omni USELESSUSDT | 0.2937 | 0.0437 | pay 0.0055% / 1h | 17m 45s | $42K | $699K | 25x |
| Short | Hyperliquid USELESS | 0.2944 | 0.1612 | get 0.0202% / 1h | 17m 45s | $15.1M | $19.6M | 3x |
ApeX Omni USELESSUSDT
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $246.73
- Price spread: +0.255% → +0.059%
- $19.67
- Slippage, 4 orders
- −$51.91
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $195.48
- Costs to cover
- 0.709%
- Break-even
- 1.5 days
Slippage from ApeX Omni: live order book, 6 min ago; Hyperliquid: live order book, 5 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 ApeX Omni live order book, 6 min ago | 10.22 bp | 18.5 bp −$18 | 117.2 bp −$1,172 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.87 bp | 20.0 bp −$20 | 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 | 0.2937 | −0.017% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2947 | +0.349% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2937 | −0.003% | $10.5M | $65.7M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2940 | +0.112% | $29K | $137K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2943 | +0.211% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2941 | +0.129% | $20K | $379K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2935 | −0.051% | $585K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2942 | +0.168% | $11K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0250% | 4h | 0.2940 | +0.095% | $5.5M | $9.6M | 12x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.0437% | 1h | 0.2937 | long leg | $42K | $699K | 25x |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0438% | 4h | 0.2934 | −0.095% | $7.3M | $7.8M | 50x | as long as short |
| Bitget USELESSUSDT | +0.0542% | 4h | 0.2938 | +0.037% | $5.6M | $8.7M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0660% | 4h | 0.2940 | +0.112% | $10.4M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0661% | 4h | 0.2937 | +0.014% | $25.3M | $109.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0664% | 1h | 0.2940 | +0.099% | $310K | $967K | 5x | as long as short |
| edgeX USELESSUSDC | +0.0668% | 4h | 0.2939 | +0.063% | $22K | $190K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1188% | 4h | 0.2938 | +0.027% | $22K | $1.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.1272% | 4h | 0.2939 | +0.078% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1307% | 4h | 0.2941 | +0.129% | $29.7M | $42.6M | 13x | as long as short |
| Variational Omni USELESS | +0.1314% | 4h | 0.2942 | +0.170% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1395% | 4h | 0.2943 | +0.196% | $680K | $2.1M | 10x | as long as short |
| Hyperliquid USELESSshort | +0.1612% | 1h | 0.2944 | +0.255% | $15.1M | $19.6M | 3x | |
| BloFin USELESS-USDT | +0.1622% | 4h | 0.2953 | +0.552% | $1.3M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3113 | +5.975% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP