USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.120%

Price spread now: Hyperliquid against BingX+0.092%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$710.708% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.578%+$58 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.092%, 7d avg +0.079%

Together, before fees+0.575%+ Points / potential airdropHyperliquid: Season 2 · farm board+$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.079%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX USELESS-USDT	0.2933	0.1254	pay 0.0627% / 4h	2h 37m	—	$4.9M	—
Short	Hyperliquid USELESS	0.2936	0.1524	get 0.0190% / 1h	37m 26s	$15.0M	$19.6M	3x

Funding history

latest

Range statsloading…

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersPrice spread, now +0.092%Rate

Slippage from BingX: live order book, 3 min ago; Hyperliquid: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 3 min ago	2.56 bp	14.8 bp −$15	61.4 bp −$614	430.8 bp −$43.1K	1235.0 bp −$617.5K
Sell Hyperliquid live order book, 5 min ago	0.68 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	0.2930	−0.092%	$1.4M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2930	−0.113%	$32K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2930	−0.102%	$10.4M	$65.5M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2921	−0.409%	$42K	$697K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2932	−0.034%	$29K	$135K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2929	−0.147%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2921	−0.406%	$20K	$377K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2920	−0.440%	$580K	$1.3M	20x	as long as short
KuCoin USELESSUSDTM	+0.0158%	4h	0.2925	−0.259%	$5.5M	$9.6M	12x	as long as short
Aevo USELESS-PERP	+0.0240%	1h	0.2926	−0.222%	$11K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate USELESS_USDT	+0.0296%	4h	0.2920	−0.430%	$7.3M	$7.7M	50x	as long as short
Bitget USELESSUSDT	+0.0538%	4h	0.2931	−0.068%	$5.6M	$8.7M	20x	as long as short
Extended USELESS-USD	+0.0672%	1h	0.2933	−0.001%	$308K	$967K	5x	as long as short
MEXC USELESS_USDT	+0.0672%	4h	0.2932	−0.024%	$10.4M	$5.8M	50x	as long as short
Binance USELESSUSDT	+0.0673%	4h	0.2933	−0.013%	$25.3M	$109.0M	50x	as long as short
edgeX USELESSUSDC	+0.0676%	4h	0.2927	−0.220%	$22K	$189K	10x	as long as short
Orderly PERP_USELESS_USDC	+0.1135%	4h	0.2925	−0.259%	$22K	$1.4M	10x	as long as short
BingX USELESS-USDTlong	+0.1254%	4h	0.2933	long leg	—	$4.9M	—
Variational Omni USELESS	+0.1260%	4h	0.2929	−0.153%	$1.2M	$1.7M	—	as long as short
Bybit USELESSUSDT	+0.1269%	4h	0.2929	−0.126%	$29.5M	$42.6M	13x	as long as short
Aster USELESSUSDT	+0.1339%	4h	0.2928	−0.181%	$675K	$2.1M	10x	as long as short
Hyperliquid USELESSshort	+0.1524%	1h	0.2936	+0.092%	$15.0M	$19.6M	3x
BloFin USELESS-USDT	+0.1686%	4h	0.2926	−0.225%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERP	+0.5000%	1h	0.3105	+5.871%	$5K	$10K	5.5x	as long as short