Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.145%
Price spread now: Extended against Hyperliquid−0.052%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days−0.664%−$66 on $10k
+Price spread, last 7 days+0.140%+$14 · spread now −0.052%, 7d avg −0.109%
=Together, before fees−0.524%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.057% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.109%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.664% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USELESS | 0.2613 | 0.0424 | pay 0.0053% / 1h | 34m 33s | $11.4M | $22.6M | 3x |
| Short | Extended USELESS-USD | 0.2612 | 0.0360 | get 0.0045% / 1h | 34m 33s | $112K | $1.1M | 5x |
Hyperliquid USELESS
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$13.34
- Price spread: −0.052% → −0.109%
- $5.67
- Slippage, 4 orders
- −$130.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$152.41
- Costs to cover
- 1.447%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Extended: 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 Hyperliquid live order book, 8 min ago | 2.09 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 6.70 bp | 49.7 bp −$50 | 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 | 0.2611 | −0.073% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2612 | −0.034% | $28K | $18K | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2618 | +0.180% | $36K | $696K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2612 | −0.046% | $25K | $232K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2616 | +0.115% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2616 | +0.088% | $18K | $520K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2618 | +0.180% | $601K | $1.1M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0168% | 1h | 0.2633 | +0.762% | $9K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0202% | 4h | 0.2614 | +0.023% | $8.8M | $63.2M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0210% | 4h | 0.2611 | −0.099% | $4.7M | $10.7M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0212% | 4h | 0.2610 | −0.134% | $5.0M | $10.3M | 20x | as long as short |
| Aster USELESSUSDT | +0.0277% | 4h | 0.2611 | −0.097% | $516K | $2.4M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0345% | 4h | 0.2624 | +0.398% | $20K | $196K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0358% | 4h | 0.2612 | −0.031% | $10.5M | $6.0M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0360% | 1h | 0.2612 | −0.052% | $112K | $1.1M | 5x | |
| Binance USELESSUSDT | +0.0362% | 4h | 0.2611 | −0.085% | $21.8M | $121.8M | 50x | as long as short |
| Hyperliquid USELESSlong | +0.0424% | 1h | 0.2613 | long leg | $11.4M | $22.6M | 3x | |
| Gate USELESS_USDT | +0.0564% | 4h | 0.2610 | −0.111% | $6.5M | $8.6M | 50x | as long as short |
| Variational Omni USELESS | +0.0590% | 4h | 0.2630 | +0.623% | $1.1M | $1.8M | — | as long as short |
| BingX USELESS-USDT | +0.0822% | 4h | 0.2611 | −0.080% | — | $5.3M | — | as long as short |
| BloFin USELESS-USDT | +0.0966% | 4h | 0.2619 | +0.199% | $1.1M | $1.9M | 12x | as long as short |
| Bybit USELESSUSDT | +0.0984% | 4h | 0.2610 | −0.115% | $24.6M | $48.6M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1304% | 4h | 0.2618 | +0.195% | $19K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2784 | +6.517% | $5K | $11K | 5.5x | as long as short |
Bitget USELESSUSDT
Aster USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Gate USELESS_USDT
Variational Omni USELESS
BingX USELESS-USDT
BloFin USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP