Funding you earn now, next payment 03:00 UTC+0.0577%/8h= +63.2% APRnext payment +$0.72 per $10,000 · paid last 24h +0.230%
Price spread now: Hyperliquid against ApeX Omni+0.244%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$850.854% of the position
Funding, last 7 days+0.820%+$82 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.244%, 7d avg +0.086%
=Together, before fees+0.702%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.158% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni USELESSUSDT | 0.2745 | 0.0100 | pay 0.0013% / 1h | 35m 00s | $38K | $694K | 25x |
| Short | Hyperliquid USELESS | 0.2752 | 0.0677 | get 0.0085% / 1h | 35m 00s | $13.5M | $20.9M | 3x |
ApeX Omni USELESSUSDT
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $121.13
- Price spread: +0.244% → +0.086%
- $15.84
- Slippage, 4 orders
- −$66.45
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $51.52
- Costs to cover
- 0.854%
- Break-even
- 4.0 days
Slippage from ApeX Omni: live order book, 29 min ago; Hyperliquid: live order book, 8 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 ApeX Omni live order book, 29 min ago | 7.11 bp | 21.2 bp −$21 | 117.0 bp −$1,170 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.99 bp | 26.2 bp −$26 | 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 | 0.2749 | +0.142% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2745 | −0.004% | $30K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2744 | −0.026% | $6.9M | $8.5M | 50x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.0100% | 1h | 0.2745 | long leg | $38K | $694K | 25x | |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2748 | +0.109% | $33K | $211K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2754 | +0.339% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2741 | −0.149% | $18K | $508K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2747 | +0.062% | $606K | $1.1M | 20x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0135% | 4h | 0.2744 | −0.051% | $9.7M | $64.5M | 10x | as long as short |
| KuCoin USELESSUSDTM | +0.0198% | 4h | 0.2743 | −0.058% | $5.0M | $10.4M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
OKX USELESS-USDT-SWAP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0224% | 1h | 0.2752 | +0.268% | $10K | — | 3x | as long as short |
| Bitget USELESSUSDT | +0.0510% | 4h | 0.2746 | +0.033% | $5.2M | $9.9M | 20x | as long as short |
| Extended USELESS-USD | +0.0584% | 1h | 0.2744 | −0.024% | $289K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0584% | 4h | 0.2750 | +0.175% | $10.8M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0584% | 4h | 0.2747 | +0.069% | $23.3M | $118.1M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0591% | 4h | 0.2747 | +0.075% | $20K | $195K | 10x | as long as short |
| Hyperliquid USELESSshort | +0.0677% | 1h | 0.2752 | +0.244% | $13.5M | $20.9M | 3x | |
| BingX USELESS-USDT | +0.0832% | 4h | 0.2750 | +0.182% | — | $5.1M | — | as long as short |
| Bybit USELESSUSDT | +0.0852% | 4h | 0.2744 | −0.022% | $26.5M | $46.5M | 13x | as long as short |
| Variational Omni USELESS | +0.0928% | 4h | 0.2748 | +0.099% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1037% | 4h | 0.2748 | +0.094% | $583K | $2.3M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1141% | 4h | 0.2750 | +0.171% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1347% | 4h | 0.2749 | +0.157% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2904 | +5.807% | $5K | $9K | 5.5x | as long as short |
Aevo USELESS-PERP
Bitget USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP