USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.4900%/8h= +536.5% APRnext payment +$6.13 per $10,000 · paid last 24h −0.675%

Price spread now: Injective against Hyperliquid+5.559%73s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 5.559% dearer against Hyperliquid than usual: you sell high and buy low: +$556 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2562	0.0100	pay 0.0013% / 1h	32m 07s	$11.4M	$22.8M	3x
Short	Injective USELESS/USDC PERP	0.2704	0.5000	get 0.0625% / 1h	32m 07s	$5K	$11K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.559%Rate

Funding earned: $1,029
Price spread: +5.559% → 0.000%: $555.86
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,575.84
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: 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, 11 min ago	0.79 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.2560	−0.066%	$1.2M	$1.2M	3x	as long as short
Hyperliquid USELESSlong	+0.0100%	1h	0.2562	long leg	$11.4M	$22.8M	3x
Pacifica USELESS	+0.0100%	1h	0.2568	+0.250%	$28K	$70K	3x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2565	+0.117%	$34K	$221K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2563	+0.035%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2557	−0.176%	$17K	$520K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2563	+0.051%	$575K	$1.1M	20x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2560	−0.069%	$9K	—	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0209%	4h	0.2561	−0.016%	$8.9M	$63.0M	10x	as long as short
Gate USELESS_USDT	+0.0210%	4h	0.2558	−0.152%	$6.4M	$8.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin USELESSUSDTM	+0.0240%	4h	0.2563	+0.059%	$4.6M	$10.7M	12x	as long as short
ApeX Omni USELESSUSDT	+0.0285%	1h	0.2553	−0.344%	$33K	$697K	25x	as long as short
Bitget USELESSUSDT	+0.0368%	4h	0.2559	−0.094%	$4.9M	$10.4M	20x	as long as short
edgeX USELESSUSDC	+0.0458%	4h	0.2553	−0.339%	$19K	$196K	10x	as long as short
Extended USELESS-USD	+0.0464%	1h	0.2562	−0.009%	$113K	$1.2M	5x	as long as short
MEXC USELESS_USDT	+0.0464%	4h	0.2563	+0.039%	$10.3M	$6.2M	50x	as long as short
Binance USELESSUSDT	+0.0466%	4h	0.2562	−0.008%	$21.3M	$123.4M	50x	as long as short
Aster USELESSUSDT	+0.0515%	4h	0.2564	+0.092%	$508K	$2.4M	10x	as long as short
Bybit USELESSUSDT	+0.0557%	4h	0.2561	−0.047%	$24.5M	$48.7M	13x	as long as short
BingX USELESS-USDT	+0.0584%	4h	0.2562	−0.008%	—	$5.3M	—	as long as short
Variational Omni USELESS	+0.0751%	4h	0.2540	−0.839%	$1.0M	$1.8M	—	as long as short
BloFin USELESS-USDT	+0.0804%	4h	0.2565	+0.105%	$1.1M	$1.9M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1324%	4h	0.2564	+0.090%	$19K	$1.2M	10x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2704	+5.559%	$5K	$11K	5.5x