Funding you earn now, next payment 06:00 UTC+0.0065%/8h= +7.2% APRpaid last 24h −0.233%
Price spread now: OKX against Hyperliquid−0.065%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days−0.887%−$89 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.065%, 7d avg −0.130%
=Together, before fees−0.833%+ Points / potential airdropHyperliquid: Season 2 · farm board−$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.065% dearer against Hyperliquid than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.130%. Mind the row above: over the last 7 days funding on this pair cost −0.887%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USELESS | 0.2763 | 0.0100 | pay 0.0013% / 1h | 14m 42s | $12.1M | $23.3M | 3x |
| Short | OKX USELESS-USDT-SWAP | 0.2762 | 0.0165 | get 0.0083% / 4h | 2h 14m | $9.5M | $67.9M | 10x |
Hyperliquid USELESS
OKX USELESS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hyperliquid. 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
- $13.75
- Price spread: −0.065% → −0.130%
- $6.53
- Slippage, 4 orders
- −$55.22
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.94
- Costs to cover
- 0.742%
- Break-even
- 34.5 days
Slippage from Hyperliquid: live order book, 8 min ago; OKX: live order book, 4 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 Hyperliquid live order book, 8 min ago | 0.74 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.72 bp | 19.2 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 | 0.2760 | −0.127% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESSlong | +0.0100% | 1h | 0.2763 | long leg | $12.1M | $23.3M | 3x | |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2759 | −0.148% | $540K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2762 | −0.046% | $29K | $19K | 3x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2761 | −0.072% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2767 | +0.119% | $27K | $254K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2768 | +0.163% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2753 | −0.362% | $19K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2767 | +0.130% | $652K | $1.1M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0124% | 4h | 0.2764 | +0.036% | $5.1M | $10.6M | 12x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0144% | 1h | 0.2769 | +0.219% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAPshort | +0.0165% | 4h | 0.2762 | −0.065% | $9.5M | $67.9M | 10x | |
| edgeX USELESSUSDC | +0.0228% | 4h | 0.2762 | −0.049% | $21K | $197K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0244% | 4h | 0.2763 | −0.011% | $11.2M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0246% | 4h | 0.2763 | −0.015% | $23.0M | $122.9M | 50x | as long as short |
| Extended USELESS-USD | +0.0248% | 1h | 0.2762 | −0.041% | $138K | $1.2M | 5x | as long as short |
| BingX USELESS-USDT | +0.0348% | 4h | 0.2762 | −0.029% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0387% | 4h | 0.2765 | +0.051% | $26.0M | $48.7M | 13x | as long as short |
| Variational Omni USELESS | +0.0473% | 4h | 0.2771 | +0.268% | $1.0M | $1.8M | — | as long as short |
| ApeX Omni USELESSUSDT | +0.0565% | 1h | 0.2758 | −0.192% | $49K | $699K | 25x | as long as short |
| BloFin USELESS-USDT | +0.0627% | 4h | 0.2764 | +0.018% | $1.1M | $2.1M | 12x | as long as short |
| Gate USELESS_USDT | +0.0664% | 4h | 0.2763 | −0.018% | $6.9M | $8.6M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1150% | 4h | 0.2771 | +0.261% | $21K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +2.276% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
ApeX Omni USELESSUSDT
BloFin USELESS-USDT
Gate USELESS_USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP