data as of
Settings8H · net · $10k
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Funding arb /

USELESS

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC+0.0398%/8h
paid, last 24h−0.113%paid, last 7 days−0.591%to open and closeno order book
Long on HyperliquidShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.27860.0100pay 0.0013% / 1h59m 34s$12.1M$12.8M3x
ShortBinance USELESSUSDT0.27870.0498get 0.0249% / 4h1h 59m$23.7M$79.6M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$83.63
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
$64.63
Break-even
1.6 days
Slippage unknown: Hyperliquid: live order book, 5 min ago; Binance: live order book, 15 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.023%
Avg gap 7d
−0.058%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago1.62 bp22.5 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.36 bp16.5 bp −$1757.8 bp −$578doesn't fitdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$25K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$833K3xas long as short
Hyperliquid USELESSlong+0.0100%1h$12.1M$12.8M3x
Pacifica USELESS+0.0100%1h$28K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.4M$49.8M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.1M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$6.0M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$41K$679K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$201K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.2M10xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX USELESS-USDT+0.0100%4h$20K$284K20xas long as short
Phemex USELESSUSDT+0.0100%4h$496K$1.4M20xas long as short
Aevo USELESS-PERP+0.0200%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0206%4h$5.3M$5.8M20xas long as short
Extended USELESS-USD+0.0496%1h$263K$915K5xas long as short
MEXC USELESS_USDT+0.0498%4h$16.7M$4.0M50xas long as short
Binance USELESSUSDTshort+0.0498%4h$23.7M$79.6M50x
edgeX USELESSUSDC+0.0515%4h$21K$184K10xas long as short
Bybit USELESSUSDT+0.0643%4h$27.2M$31.4M13xas long as short
BingX USELESS-USDT+0.0706%4h—$3.7M—as long as short
Variational Omni USELESS+0.0777%4h$1.2M$1.4M—as long as short
Aster USELESSUSDT+0.0888%4h$586K$1.1M10xas long as short
BloFin USELESS-USDT+0.0933%4h$1.2M$1.6M12xas long as short
Orderly PERP_USELESS_USDC+0.1130%4h$18K$1.4M10xas long as short