Funding you earn now, next payment 22:00 UTC+0.0986%/8h= +108.0% APRpaid last 24h +0.169%
Price spread now: Hyperliquid against Bitget+0.188%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Funding, last 7 days+0.721%+$72 on $10k
+Price spread, last 7 days−0.183%−$18 · spread now +0.188%, 7d avg +0.072%
=Together, before fees+0.537%+ Points / potential airdropHyperliquid: Season 2 · farm board+$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.116% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USELESSUSDT | 0.2930 | 0.0538 | pay 0.0269% / 4h | 2h 37m | $5.6M | $8.7M | 20x |
| Short | Hyperliquid USELESS | 0.2936 | 0.1524 | get 0.0191% / 1h | 37m 42s | $15.0M | $19.6M | 3x |
Bitget USELESSUSDT
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $207.13
- Price spread: +0.188% → +0.072%
- $11.57
- Slippage, 4 orders
- −$70.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $127.1
- Costs to cover
- 0.916%
- Break-even
- 2.7 days
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 5 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 Bitget live order book, 1 min ago | 3.08 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.68 bp | 18.9 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 | 0.2930 | +0.007% | $1.4M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2930 | −0.014% | $32K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2931 | +0.031% | $10.4M | $65.5M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.0100% | 1h | 0.2921 | −0.311% | $42K | $697K | 25x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2925 | −0.167% | $29K | $135K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2929 | −0.048% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2921 | −0.307% | $20K | $377K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2920 | −0.341% | $580K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0158% | 4h | 0.2925 | −0.160% | $5.5M | $9.6M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0240% | 1h | 0.2926 | −0.124% | $11K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
ApeX Omni USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate USELESS_USDT | +0.0296% | 4h | 0.2920 | −0.331% | $7.3M | $7.7M | 50x | as long as short |
| Bitget USELESSUSDTlong | +0.0538% | 4h | 0.2930 | long leg | $5.6M | $8.7M | 20x | |
| Extended USELESS-USD | +0.0672% | 1h | 0.2933 | +0.098% | $308K | $967K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0672% | 4h | 0.2932 | +0.075% | $10.4M | $5.8M | 50x | as long as short |
| Binance USELESSUSDT | +0.0673% | 4h | 0.2933 | +0.099% | $25.3M | $109.0M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0674% | 4h | 0.2926 | −0.136% | $22K | $189K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1135% | 4h | 0.2925 | −0.160% | $22K | $1.4M | 10x | as long as short |
| Bybit USELESSUSDT | +0.1241% | 4h | 0.2930 | 0.000% | $29.5M | $42.6M | 13x | as long as short |
| BingX USELESS-USDT | +0.1254% | 4h | 0.2933 | +0.099% | — | $4.9M | — | as long as short |
| Variational Omni USELESS | +0.1260% | 4h | 0.2929 | −0.054% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1339% | 4h | 0.2928 | −0.082% | $675K | $2.1M | 10x | as long as short |
| Hyperliquid USELESSshort | +0.1524% | 1h | 0.2936 | +0.188% | $15.0M | $19.6M | 3x | |
| BloFin USELESS-USDT | +0.1686% | 4h | 0.2926 | −0.126% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3105 | +5.976% | $5K | $10K | 5.5x | as long as short |
Gate USELESS_USDT
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP