USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0889%/8h= −97.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.238%

Price spread now: Aevo against Hyperliquid+0.237%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Aevo is 0.237% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.237% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2850	0.1097	pay 0.0137% / 1h	51m 18s	$14.2M	$21.1M	3x
Short	Aevo USELESS-PERP	0.2856	0.0208	get 0.0026% / 1h	51m 18s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersPrice spread, now +0.237%Rate

Funding earned: −$186.63
Price spread: +0.237% → 0.000%: $23.69
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$187.95
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Aevo: no order-book sample. 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 Hyperliquid live order book, 12 min ago	6.24 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	0.2852	+0.088%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2844	−0.197%	$32K	$69K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2848	−0.060%	$10.0M	$67.6M	10x	as long as short
KuCoin USELESSUSDTM	+0.0100%	4h	0.2847	−0.091%	$5.2M	$10.2M	12x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2846	−0.116%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2852	+0.098%	$19K	$515K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2847	−0.095%	$602K	$1.2M	20x	as long as short
ApeX Omni USELESSUSDT	+0.0108%	1h	0.2827	−0.793%	$39K	$698K	25x	as long as short
Gate USELESS_USDT	+0.0112%	4h	0.2845	−0.161%	$7.2M	$8.3M	50x	as long as short
Aevo USELESS-PERPshort	+0.0208%	1h	0.2856	+0.237%	$10K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0470%	4h	0.2832	−0.613%	$21K	$194K	10x	as long as short
MEXC USELESS_USDT	+0.0486%	4h	0.2849	−0.021%	$11.1M	$6.0M	50x	as long as short
Extended USELESS-USD	+0.0504%	1h	0.2858	+0.280%	$300K	$1.2M	5x	as long as short
Binance USELESSUSDT	+0.0505%	4h	0.2853	+0.102%	$24.1M	$117.6M	50x	as long as short
Bitget USELESSUSDT	+0.0574%	4h	0.2855	+0.175%	$5.5M	$9.9M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0594%	1h	0.2849	−0.021%	$44K	$184K	3x	as long as short
Bybit USELESSUSDT	+0.0661%	4h	0.2850	+0.021%	$27.7M	$46.7M	13x	as long as short
BingX USELESS-USDT	+0.0744%	4h	0.2854	+0.144%	—	$5.1M	—	as long as short
Variational Omni USELESS	+0.0917%	4h	0.2853	+0.102%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.0964%	4h	0.2850	+0.018%	$1.2M	$2.1M	12x	as long as short
Aster USELESSUSDT	+0.1052%	4h	0.2845	−0.154%	$654K	$2.3M	10x	as long as short
Hyperliquid USELESSlong	+0.1097%	1h	0.2850	long leg	$14.2M	$21.1M	3x
Orderly PERP_USELESS_USDC	+0.1263%	4h	0.2860	+0.354%	$22K	$1.4M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2984	+4.727%	$5K	$9K	5.5x	as long as short