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 19:00 UTC−0.0492%/8h
next payment, per $10,000−$0.61paid, last 24h−0.228%paid, last 7 days−0.824%to open and closeno order book
Long on HyperliquidShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid USELESS0.28400.0592pay 0.0074% / 1h55m 52s$13.8M$15.7M3x
ShortPolymarket Perps USELESS-USD0.28400.0100get 0.0013% / 1h55m 52s$27K$117K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$103.31
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$120.31
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Polymarket Perps: live order book, 49 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.018%
Avg gap 7d
−0.028%
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, 8 min ago1.41 bp25.2 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 49 min ago3.28 bp14.0 bp −$14doesn't fitdoesn'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$855$14K5.5xas long as short
Lighter USELESS+0.0096%1h$1.3M$919K3xas long as short
Pacifica USELESS+0.0100%1h$32K$76K3xas long as short
OKX USELESS-USDT-SWAP+0.0100%4h$9.6M$57.8M10xas long as short
Gate USELESS_USDT+0.0100%4h$6.8M$6.4M50xas long as short
KuCoin USELESSUSDTM+0.0100%4h$5.1M$7.9M12xas long as short
ApeX Omni USELESSUSDT+0.0100%1h$35K$695K25xas long as short
Polymarket Perps USELESS-USDshort+0.0100%1h$27K$117K3x
SunX USELESS-USDT+0.0100%4h—$1.3M10xas long as short
HTX USELESS-USDT+0.0100%4h$21K$339K20xas long as short
Show all 24 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex USELESSUSDT+0.0100%4h$512K$1.3M20xas long as short
Bitget USELESSUSDT+0.0134%4h$5.4M$7.1M20xas long as short
Aevo USELESS-PERP+0.0176%1h$10K—3xas long as short
Bybit USELESSUSDT+0.0192%4h$27.7M$37.5M13xas long as short
Variational Omni USELESS+0.0314%4h$1.2M$1.6M—as long as short
edgeX USELESSUSDC+0.0362%4h$22K$185K10xas long as short
Binance USELESSUSDT+0.0380%4h$24.0M$93.8M50xas long as short
Extended USELESS-USD+0.0384%1h$260K$921K5xas long as short
MEXC USELESS_USDT+0.0388%4h$18.7M$4.9M50xas long as short
BingX USELESS-USDT+0.0390%4h—$4.4M—as long as short
BloFin USELESS-USDT+0.0465%4h$1.2M$1.7M12xas long as short
Hyperliquid USELESSlong+0.0592%1h$13.8M$15.7M3x
Aster USELESSUSDT+0.0888%4h$590K$1.8M10xas long as short
Orderly PERP_USELESS_USDC+0.0913%4h$22K$1.4M10xas long as short