Funding you earn now, next payment 04:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h +0.256%
Price spread now: Hyperliquid against OKX+0.578%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$880.885% of the position
Funding, last 7 days+0.884%+$88 on $10k
+Price spread, last 7 days−0.591%−$59 · spread now +0.578%, 7d avg +0.131%
=Together, before fees+0.293%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.447% dearer against OKX than usual: you sell high and buy low (spread +0.578% now, against its 7-day average of +0.131%): +$45 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.884%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2526 | 0.0217 | pay 0.0109% / 4h | 46m 57s | $8.8M | $62.2M | 10x |
| Short | Hyperliquid USELESS | 0.2540 | 0.0100 | get 0.0013% / 1h | 46m 57s | $11.5M | $22.7M | 3x |
OKX USELESS-USDT-SWAP
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- −$24.58
- Price spread: +0.578% → +0.131%
- $44.73
- Slippage, 4 orders
- −$69.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$68.35
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 6 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 OKX live order book, 2 min ago | 2.16 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.76 bp | 23.7 bp −$24 | 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 | 0.2536 | +0.396% | $1.1M | $1.2M | 3x | as long as short |
| Hyperliquid USELESSshort | +0.0100% | 1h | 0.2540 | +0.578% | $11.5M | $22.7M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2549 | +0.895% | $28K | $70K | 3x | as long as short |
| Gate USELESS_USDT | +0.0100% | 4h | 0.2530 | +0.182% | $6.3M | $8.6M | 50x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2551 | +0.998% | $35K | $219K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2540 | +0.542% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2548 | +0.879% | $17K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2538 | +0.475% | $559K | $1.1M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0153% | 1h | 0.2540 | +0.558% | $32K | $699K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2543 | +0.693% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Gate USELESS_USDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX USELESS-USDT-SWAPlong | +0.0217% | 4h | 0.2526 | long leg | $8.8M | $62.2M | 10x | |
| KuCoin USELESSUSDTM | +0.0236% | 4h | 0.2533 | +0.285% | $4.6M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0432% | 4h | 0.2525 | −0.036% | $4.9M | $10.4M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0516% | 4h | 0.2533 | +0.265% | $10.1M | $6.2M | 50x | as long as short |
| Binance USELESSUSDT | +0.0516% | 4h | 0.2527 | +0.044% | $21.1M | $123.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0520% | 1h | 0.2536 | +0.415% | $112K | $1.2M | 5x | as long as short |
| edgeX USELESSUSDC | +0.0528% | 4h | 0.2544 | +0.709% | $19K | $196K | 10x | as long as short |
| Aster USELESSUSDT | +0.0631% | 4h | 0.2539 | +0.524% | $503K | $2.4M | 10x | as long as short |
| BingX USELESS-USDT | +0.0646% | 4h | 0.2525 | −0.020% | — | $5.3M | — | as long as short |
| Bybit USELESSUSDT | +0.0669% | 4h | 0.2525 | −0.044% | $24.2M | $48.7M | 13x | as long as short |
| Variational Omni USELESS | +0.0842% | 4h | 0.2544 | +0.703% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0903% | 4h | 0.2539 | +0.511% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1325% | 4h | 0.2541 | +0.614% | $19K | $1.3M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2703 | +7.023% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
edgeX USELESSUSDC
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP