Funding you earn now, next payment 03:00 UTC−0.0598%/8h= −65.5% APRnext payment −$0.75 per $10,000 · paid last 24h −0.258%
Price spread now: Polymarket Perps against Hyperliquid−0.160%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$750.750% of the position
Funding, last 7 days−0.943%−$94 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now −0.160%, 7d avg −0.033%
=Together, before fees−0.809%+ Points / potential airdropHyperliquid: Season 2 · farm board−$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Polymarket Perps is 0.128% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USELESS | 0.2745 | 0.0698 | pay 0.0087% / 1h | 18m 47s | $13.4M | $20.9M | 3x |
| Short | Polymarket Perps USELESS-USD | 0.2740 | 0.0100 | get 0.0013% / 1h | 18m 47s | $39K | $216K | 3x |
Hyperliquid USELESS
Polymarket Perps USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$125.52
- Price spread: −0.160% → −0.033%
- −$12.77
- Slippage, 4 orders
- −$57.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$213.26
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Polymarket Perps: live order book, 43 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, 4 min ago | 3.83 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 43 min ago | 1.60 bp | 18.7 bp −$19 | 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 | 0.2740 | −0.164% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2742 | −0.120% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2739 | −0.226% | $6.9M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USDshort | +0.0100% | 1h | 0.2740 | −0.160% | $39K | $216K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2741 | −0.153% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2737 | −0.281% | $18K | $511K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2739 | −0.197% | $605K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0202% | 4h | 0.2746 | +0.029% | $9.7M | $64.5M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0238% | 1h | 0.2754 | +0.335% | $38K | $695K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2743 | −0.067% | $10K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0270% | 4h | 0.2743 | −0.069% | $5.0M | $10.4M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0546% | 4h | 0.2740 | −0.164% | $5.3M | $9.9M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0604% | 4h | 0.2754 | +0.327% | $20K | $195K | 10x | as long as short |
| Binance USELESSUSDT | +0.0616% | 4h | 0.2741 | −0.128% | $23.2M | $118.1M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0622% | 4h | 0.2742 | −0.113% | $10.9M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0624% | 1h | 0.2741 | −0.147% | $289K | $1.1M | 5x | as long as short |
| Hyperliquid USELESSlong | +0.0698% | 1h | 0.2745 | long leg | $13.4M | $20.9M | 3x | |
| BingX USELESS-USDT | +0.0890% | 4h | 0.2746 | +0.051% | — | $5.2M | — | as long as short |
| Bybit USELESSUSDT | +0.0983% | 4h | 0.2740 | −0.175% | $26.4M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.1034% | 4h | 0.2753 | +0.311% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1046% | 4h | 0.2740 | −0.164% | $577K | $2.2M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1310% | 4h | 0.2738 | −0.230% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1391% | 4h | 0.2744 | −0.040% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2908 | +5.960% | $5K | $9K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP