data as of
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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 16:00 UTC−0.0681%/8h
paid, last 24h−0.086%paid, last 7 days−0.521%to open and close $10k−$61
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.27620.1217pay 0.0152% / 1h59m 12s$11.9M$13.1M3x
ShortBingX USELESS-USDT0.27600.0536get 0.0268% / 4h59m 12s—$3.9M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$142.91
Slippage, 4 orders
−$41.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$203.56
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 12 min ago.

Price risk

price view
Price gap now
−0.080%
Avg gap 7d
−0.071%
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 ago2.88 bp12.6 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago2.39 bp16.7 bp −$1746.0 bp −$460303.0 bp −$30.3Kdoesn't fit

USELESS on 24 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USELESS/USDC PERP−0.5000%1h$3K$18K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$773K3xas long as short
Pacifica USELESS+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.3M$50.7M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.5M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$4.9M$6.5M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$42K$678K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$167K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$299K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$501K$1.4M20xas long as short
Aevo USELESS-PERP+0.0192%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0222%4h$5.3M$6.1M20xas long as short
Binance USELESSUSDT+0.0430%4h$23.3M$82.5M50xas long as short
Extended USELESS-USD+0.0432%1h$261K$915K5xas long as short
MEXC USELESS_USDT+0.0438%4h$16.7M$4.1M50xas long as short
edgeX USELESSUSDC+0.0447%4h$21K$184K10xas long as short
Bybit USELESSUSDT+0.0507%4h$26.8M$33.1M13xas long as short
BingX USELESS-USDTshort+0.0536%4h—$3.9M—
Variational Omni USELESS+0.0664%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT+0.0770%4h$1.1M$1.6M12xas long as short
Aster USELESSUSDT+0.0891%4h$602K$1.2M10xas long as short
Orderly PERP_USELESS_USDC+0.1088%4h$18K$1.4M10xas long as short
Hyperliquid USELESSlong+0.1217%1h$11.9M$13.1M3x