Funding you earn now, next payment 01:00 UTC+0.0833%/8h= +91.2% APRnext payment +$1.04 per $10,000 · paid last 24h +0.163%
Price spread now: Hyperliquid against Extended+0.041%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2192.185% of the position
Funding, last 7 days+0.649%+$65 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.041%, 7d avg +0.113%
=Together, before fees+0.862%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.072% cheaper against Extended than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.113%). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.649% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2797 | 0.0456 | pay 0.0057% / 1h | 49m 27s | $295K | $957K | 5x |
| Short | Hyperliquid USELESS | 0.2798 | 0.1289 | get 0.0161% / 1h | 49m 27s | $14.0M | $21.1M | 3x |
Extended USELESS-USD
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $174.97
- Price spread: +0.041% → +0.113%
- −$7.21
- Slippage, 4 orders
- −$204.51
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$50.75
- Costs to cover
- 2.185%
- Break-even
- 9.0 days
Slippage from Extended: live order book, 24 min ago; Hyperliquid: 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 Extended live order book, 24 min ago | 81.54 bp | 99.4 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.71 bp | 6.6 bp −$7 | 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 | 0.2797 | −0.023% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2794 | −0.130% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2794 | −0.116% | $9.8M | $65.8M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2793 | −0.134% | $45K | $168K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2795 | −0.080% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2788 | −0.334% | $18K | $503K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2783 | −0.498% | $583K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0192% | 1h | 0.2794 | −0.121% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0198% | 4h | 0.2792 | −0.191% | $5.1M | $10.1M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0334% | 4h | 0.2798 | +0.031% | $5.3M | $9.5M | 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
KuCoin USELESSUSDTM
Bitget USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0365% | 1h | 0.2787 | −0.366% | $39K | $703K | 25x | as long as short |
| Extended USELESS-USDlong | +0.0456% | 1h | 0.2797 | long leg | $295K | $957K | 5x | |
| MEXC USELESS_USDT | +0.0456% | 4h | 0.2797 | −0.002% | $10.5M | $5.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0466% | 4h | 0.2794 | −0.131% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0468% | 4h | 0.2798 | +0.045% | $23.6M | $116.1M | 50x | as long as short |
| Gate USELESS_USDT | +0.0544% | 4h | 0.2794 | −0.127% | $7.0M | $8.2M | 50x | as long as short |
| Aster USELESSUSDT | +0.1010% | 4h | 0.2795 | −0.077% | $642K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1015% | 4h | 0.2792 | −0.198% | $1.2M | $1.7M | — | as long as short |
| BingX USELESS-USDT | +0.1044% | 4h | 0.2800 | +0.102% | — | $5.0M | — | as long as short |
| Hyperliquid USELESSshort | +0.1289% | 1h | 0.2798 | +0.041% | $14.0M | $21.1M | 3x | |
| Orderly PERP_USELESS_USDC | +0.1297% | 4h | 0.2794 | −0.112% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1624% | 4h | 0.2794 | −0.109% | $1.2M | $2.0M | 12x | as long as short |
| Bybit USELESSUSDT | +0.2443% | 4h | 0.2796 | −0.044% | $27.5M | $45.9M | 13x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2960 | +5.804% | $5K | $9K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Gate USELESS_USDT
Aster USELESSUSDT
Variational Omni USELESS
BingX USELESS-USDT
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Bybit USELESSUSDT
Injective USELESS/USDC PERP