USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0536%/8h= +58.7% APRpaid last 24h +0.136%

Price spread now: Hyperliquid against Bybit+0.079%7-day average +0.094% · 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−$65as in the Price arb table

costs, in and out, $10k−$640.637% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.079%, 7d avg +0.094%

Together, before fees+0.630%+ Points / potential airdropHyperliquid: Season 2 · farm board+$63 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.094%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit USELESSUSDT	0.2801	0.0913	pay 0.0457% / 4h	4m 29s	$27.5M	$45.8M	13x
Short	Hyperliquid USELESS	0.2803	0.1449	get 0.0181% / 1h	4m 29s	$14.0M	$21.1M	3x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersPrice spread, now +0.079%Rate

Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 8 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	0.18 bp	14.1 bp −$14	40.8 bp −$408	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.88 bp	24.6 bp −$25	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	0.2799	−0.061%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2798	−0.100%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2800	−0.036%	$9.8M	$66.1M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2793	−0.289%	$39K	$701K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2797	−0.146%	$40K	$163K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2800	−0.039%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2794	−0.246%	$18K	$500K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2791	−0.378%	$576K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0172%	4h	0.2797	−0.139%	$5.2M	$10.0M	12x	as long as short
Aevo USELESS-PERP	+0.0200%	1h	0.2799	−0.074%	$10K	—	3x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0278%	4h	0.2801	−0.018%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0342%	4h	0.2794	−0.246%	$7.0M	$8.3M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2802	+0.017%	$295K	$866K	5x	as long as short
MEXC USELESS_USDT	+0.0472%	4h	0.2800	−0.050%	$10.3M	$6.0M	50x	as long as short
Binance USELESSUSDT	+0.0474%	4h	0.2802	+0.043%	$23.6M	$116.4M	50x	as long as short
edgeX USELESSUSDC	+0.0477%	4h	0.2800	−0.044%	$21K	$193K	10x	as long as short
BingX USELESS-USDT	+0.0906%	4h	0.2802	+0.043%	—	$5.0M	—	as long as short
Bybit USELESSUSDTlong	+0.0913%	4h	0.2801	long leg	$27.5M	$45.8M	13x
Variational Omni USELESS	+0.0994%	4h	0.2798	−0.106%	$1.2M	$1.8M	—	as long as short
Aster USELESSUSDT	+0.1023%	4h	0.2800	−0.030%	$643K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1190%	4h	0.2798	−0.107%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1299%	4h	0.2799	−0.068%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESSshort	+0.1449%	1h	0.2803	+0.079%	$14.0M	$21.1M	3x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2983	+6.505%	$5K	$9K	5.5x	as long as short