Funding you earn now, next payment 21:00 UTC−0.1170%/8h= −128.1% APRnext payment −$1.46 per $10,000 · paid last 24h −0.217%
Price spread now: ApeX Omni against Hyperliquid+0.094%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days−0.745%−$75 on $10k
+Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.094%, 7d avg −0.054%
=Together, before fees−0.966%+ Points / potential airdropHyperliquid: Season 2 · farm board−$97 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.149% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.054%): +$15 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.745% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.745% in total (about -38.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.46 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 | Hyperliquid USELESS | 0.2967 | 0.1690 | pay 0.0211% / 1h | 1m 16s | $15.1M | $19.7M | 3x |
| Short | ApeX Omni USELESSUSDT | 0.2970 | 0.0520 | get 0.0065% / 1h | 1m 16s | $41K | $696K | 25x |
Hyperliquid USELESS
ApeX Omni USELESSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$245.72
- Price spread: +0.094% → −0.054%
- $14.85
- Slippage, 4 orders
- −$48.19
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$298.07
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; ApeX Omni: live order book, 27 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 Hyperliquid live order book, 12 min ago | 3.85 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 27 min ago | 11.83 bp | 19.8 bp −$20 | 99.8 bp −$998 | 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 | 0.2969 | +0.067% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2970 | +0.092% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2959 | −0.260% | $10.5M | $66.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2962 | −0.192% | $28K | $129K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2967 | −0.007% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2980 | +0.445% | $20K | $374K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2975 | +0.263% | $592K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0140% | 4h | 0.2960 | −0.233% | $5.5M | $9.5M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0256% | 1h | 0.2964 | −0.104% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0446% | 4h | 0.2960 | −0.249% | $7.3M | $7.7M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDTshort | +0.0520% | 1h | 0.2970 | +0.094% | $41K | $696K | 25x | |
| Bitget USELESSUSDT | +0.0600% | 4h | 0.2960 | −0.229% | $5.6M | $8.7M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0700% | 4h | 0.2962 | −0.172% | $21.8M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0700% | 4h | 0.2962 | −0.169% | $25.8M | $108.2M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0701% | 4h | 0.2970 | +0.096% | $22K | $189K | 10x | as long as short |
| Extended USELESS-USD | +0.0704% | 1h | 0.2962 | −0.175% | $312K | $967K | 5x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1112% | 4h | 0.2963 | −0.142% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1166% | 4h | 0.2967 | −0.013% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1392% | 4h | 0.2970 | +0.078% | $690K | $2.1M | 10x | as long as short |
| BingX USELESS-USDT | +0.1402% | 4h | 0.2962 | −0.172% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1515% | 4h | 0.2964 | −0.104% | $29.9M | $42.5M | 13x | as long as short |
| Hyperliquid USELESSlong | +0.1690% | 1h | 0.2967 | long leg | $15.1M | $19.7M | 3x | |
| BloFin USELESS-USDT | +0.2388% | 4h | 0.2973 | +0.182% | $1.3M | $2.1M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3143 | +5.928% | $5K | $10K | 5.5x | as long as short |
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Extended USELESS-USD
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP