Funding you earn now, next payment 21:00 UTC−0.1586%/8h= −173.7% APRpaid last 24h −0.232%
Price spread now: OKX against Hyperliquid−0.222%7-day average −0.129% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.788%−$79 on $10k
+Price spread, last 7 days+0.095%+$9 · spread now −0.222%, 7d avg −0.129%
=Together, before fees−0.693%+ Points / potential airdropHyperliquid: Season 2 · farm board−$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and OKX is 0.093% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.788% in total (about -41.1% a year). A funding rate is set anew for every payment. 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 | 0.2969 | 0.1686 | pay 0.0211% / 1h | 0m 36s | $15.1M | $19.7M | 3x |
| Short | OKX USELESS-USDT-SWAP | 0.2962 | 0.0100 | get 0.0050% / 4h | 3h 00m | $10.5M | $66.4M | 10x |
Hyperliquid USELESS
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$333.08
- Price spread: −0.222% → −0.129%
- −$9.3
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$361.38
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; OKX: live order book, 3 min ago. 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, 2 min ago | 1.01 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.51 bp | 17.9 bp −$18 | 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 | 0.2962 | −0.229% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2964 | −0.142% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAPshort | +0.0100% | 4h | 0.2962 | −0.222% | $10.5M | $66.4M | 10x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2962 | −0.239% | $28K | $129K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2967 | −0.054% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2963 | −0.179% | $20K | $374K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2960 | −0.280% | $589K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0136% | 4h | 0.2962 | −0.239% | $5.5M | $9.5M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0256% | 1h | 0.2964 | −0.152% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0394% | 4h | 0.2960 | −0.300% | $7.3M | $7.7M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
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 USELESSUSDT | +0.0520% | 1h | 0.2970 | +0.047% | $41K | $696K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0598% | 4h | 0.2962 | −0.219% | $5.6M | $8.7M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0700% | 4h | 0.2966 | −0.101% | $21.8M | $5.8M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0701% | 4h | 0.2970 | +0.049% | $22K | $189K | 10x | as long as short |
| Binance USELESSUSDT | +0.0702% | 4h | 0.2964 | −0.168% | $25.8M | $108.2M | 50x | as long as short |
| Extended USELESS-USD | +0.0704% | 1h | 0.2963 | −0.188% | $312K | $967K | 5x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1112% | 4h | 0.2963 | −0.189% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1162% | 4h | 0.2965 | −0.137% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1385% | 4h | 0.2968 | −0.006% | $690K | $2.1M | 10x | as long as short |
| BingX USELESS-USDT | +0.1402% | 4h | 0.2964 | −0.148% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1515% | 4h | 0.2965 | −0.121% | $29.9M | $42.5M | 13x | as long as short |
| Hyperliquid USELESSlong | +0.1686% | 1h | 0.2969 | long leg | $15.1M | $19.7M | 3x | |
| BloFin USELESS-USDT | +0.2308% | 4h | 0.2962 | −0.239% | $1.3M | $2.1M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3143 | +5.878% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP