Funding you earn now, next payment 06:00 UTC−0.0291%/8h= −31.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.202%
Price spread now: Hyperliquid against ApeX Omni+2.811%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs+$194as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days+0.822%+$82 on $10k
+Price spread, last 4 days (all we have)−2.632%−$263 · spread now +2.811%, 7d avg +0.095%
=Together, before fees−1.810%+ Points / potential airdropHyperliquid: Season 2 · farm board−$181 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 2.716% dearer against ApeX Omni than usual: you sell high and buy low (spread +2.811% now, against its 7-day average of +0.095%): +$272 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 31 days. Mind the row above: over the last 7 days funding on this pair paid +0.822%, 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 | ApeX Omni USELESSUSDT | 0.2701 | 0.0391 | pay 0.0049% / 1h | 19m 30s | $48K | $698K | 25x |
| Short | Hyperliquid USELESS | 0.2777 | 0.0100 | get 0.0013% / 1h | 19m 30s | $12.1M | $23.3M | 3x |
ApeX Omni USELESSUSDT
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- −$61.1
- Price spread: +2.811% → +0.095%
- $271.65
- Slippage, 4 orders
- −$58.87
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $132.68
- Costs to cover
- 0.779%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 29 min ago; Hyperliquid: 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 ApeX Omni live order book, 29 min ago | 11.14 bp | 19.1 bp −$19 | 103.9 bp −$1,039 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.74 bp | 18.7 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 | 0.2772 | +2.647% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESSshort | +0.0100% | 1h | 0.2777 | +2.811% | $12.1M | $23.3M | 3x | |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2769 | +2.503% | $542K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2770 | +2.566% | $29K | $19K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2767 | +2.451% | $5.1M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2774 | +2.703% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2777 | +2.806% | $27K | $253K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2736 | +1.288% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2766 | +2.407% | $19K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2763 | +2.299% | $651K | $1.1M | 20x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2734 | +1.233% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0159% | 4h | 0.2778 | +2.851% | $9.5M | $68.1M | 10x | as long as short |
| edgeX USELESSUSDC | +0.0207% | 4h | 0.2720 | +0.697% | $20K | $196K | 10x | as long as short |
| Extended USELESS-USD | +0.0208% | 1h | 0.2774 | +2.690% | $119K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0210% | 4h | 0.2771 | +2.595% | $11.2M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0217% | 4h | 0.2776 | +2.767% | $23.2M | $122.7M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0349% | 4h | 0.2774 | +2.695% | $26.1M | $48.7M | 13x | as long as short |
| ApeX Omni USELESSUSDTlong | +0.0391% | 1h | 0.2701 | long leg | $48K | $698K | 25x | |
| BingX USELESS-USDT | +0.0426% | 4h | 0.2775 | +2.747% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0434% | 4h | 0.2715 | +0.517% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0627% | 4h | 0.2721 | +0.748% | $1.1M | $2.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.0744% | 4h | 0.2769 | +2.521% | $6.9M | $8.6M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1148% | 4h | 0.2734 | +1.207% | $21K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +4.635% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
OKX USELESS-USDT-SWAP
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Bybit USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Gate USELESS_USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP