USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0732%/8h= +80.1% APRpaid last 24h +0.155%

Price spread now: Hyperliquid against MEXC+0.064%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$780.780% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.673%+$67 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.064%, 7d avg +0.059%

Together, before fees+0.552%+ Points / potential airdropHyperliquid: Season 2 · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC USELESS_USDT	0.2809	0.0556	pay 0.0278% / 4h	2h 10m	$11.0M	$6.0M	50x
Short	Hyperliquid USELESS	0.2811	0.1288	get 0.0161% / 1h	10m 03s	$14.0M	$20.7M	3x

Funding history

latest

Range statsloading…

Hyperliquid against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.064%Rate

Slippage from MEXC: live order book, 3 min ago; Hyperliquid: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.89 bp	15.6 bp −$16	45.5 bp −$455	158.1 bp −$15.8K	565.6 bp −$282.8K
Sell Hyperliquid live order book, 3 min ago	0.53 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit

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	0.2809	−0.007%	$1.3M	$1.2M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2806	−0.112%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2807	−0.053%	$9.9M	$66.0M	10x	as long as short
Gate USELESS_USDT	+0.0100%	4h	0.2805	−0.132%	$7.1M	$8.4M	50x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2810	+0.046%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2814	+0.196%	$18K	$502K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2802	−0.249%	$605K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0142%	4h	0.2805	−0.153%	$5.2M	$10.4M	12x	as long as short
Aevo USELESS-PERP	+0.0216%	1h	0.2811	+0.079%	$10K	—	3x	as long as short
Polymarket Perps USELESS-USD	+0.0426%	1h	0.2809	+0.007%	$28K	$202K	3x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX USELESSUSDC	+0.0542%	4h	0.2823	+0.513%	$21K	$195K	10x	as long as short
Extended USELESS-USD	+0.0552%	1h	0.2808	−0.048%	$300K	$1.1M	5x	as long as short
Binance USELESSUSDT	+0.0554%	4h	0.2808	−0.023%	$23.8M	$117.0M	50x	as long as short
MEXC USELESS_USDTlong	+0.0556%	4h	0.2809	long leg	$11.0M	$6.0M	50x
Bitget USELESSUSDT	+0.0574%	4h	0.2807	−0.068%	$5.4M	$9.8M	20x	as long as short
BingX USELESS-USDT	+0.0738%	4h	0.2810	+0.039%	—	$5.1M	—	as long as short
Bybit USELESSUSDT	+0.0771%	4h	0.2808	−0.014%	$27.3M	$46.3M	13x	as long as short
ApeX Omni USELESSUSDT	+0.0800%	1h	0.2823	+0.502%	$39K	$698K	25x	as long as short
Variational Omni USELESS	+0.0901%	4h	0.2816	+0.251%	$1.2M	$1.7M	—	as long as short
Aster USELESSUSDT	+0.1079%	4h	0.2809	+0.004%	$625K	$2.3M	10x	as long as short
Hyperliquid USELESSshort	+0.1288%	1h	0.2811	+0.064%	$14.0M	$20.7M	3x
Orderly PERP_USELESS_USDC	+0.1303%	4h	0.2810	+0.046%	$22K	$1.3M	10x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.2989	+6.394%	$5K	$9K	5.5x	as long as short