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

USELESS

all USELESS markets
SwapPrice view
Alert
Measured
My alerts

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+0.0081%/8h
paid, last 24h−0.111%paid, last 7 days−0.593%to open and close $10k−$62
Long on HyperliquidShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.27770.0367pay 0.0046% / 1h4m 55s$12.0M$13.1M3x
ShortMEXC USELESS_USDT0.27710.0448get 0.0224% / 4h1h 04m$16.6M$4.2M50x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$17.05
Slippage, 4 orders
−$44.68
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$44.63
Break-even
25.3 days
Slippage from Hyperliquid: live order book, 9 min ago; MEXC: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.230%
Avg gap 7d
−0.055%
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, 9 min ago2.03 bp20.6 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago0.18 bp8.8 bp −$947.2 bp −$472129.3 bp −$12.9Kdoesn'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$846K3xas long as short
Pacifica USELESS+0.0100%1h$27K$103K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.3M$50.8M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.4M$5.6M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.0M$6.4M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$41K$679K25xas long as short
Polymarket Perps USELESS-USD+0.0100%1h$54K$174K3xas long as short
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$298K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$502K$1.4M20xas long as short
Aevo USELESS-PERP+0.0192%1h$10K—3xas long as short
Bitget USELESSUSDT+0.0236%4h$5.3M$6.1M20xas long as short
Hyperliquid USELESSlong+0.0367%1h$12.0M$13.1M3x
edgeX USELESSUSDC+0.0424%4h$21K$183K10xas long as short
Extended USELESS-USD+0.0448%1h$261K$915K5xas long as short
MEXC USELESS_USDTshort+0.0448%4h$16.6M$4.2M50x
Binance USELESSUSDT+0.0449%4h$23.3M$82.4M50xas long as short
BingX USELESS-USDT+0.0472%4h—$3.8M—as long as short
Bybit USELESSUSDT+0.0568%4h$26.9M$33.0M13xas long as short
Variational Omni USELESS+0.0629%4h$1.2M$1.5M—as long as short
BloFin USELESS-USDT+0.0759%4h$1.1M$1.6M12xas long as short
Aster USELESSUSDT+0.0902%4h$590K$1.2M10xas long as short
Orderly PERP_USELESS_USDC+0.1106%4h$18K$1.4M10xas long as short