Funding you earn now, next payment 00:00 UTC+0.0935%/8h= +102.4% APRnext payment +$1.17 per $10,000 · paid last 24h +0.155%
Price spread now: Hyperliquid against Extended+0.120%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.201% of the position
Funding, last 7 days+0.631%+$63 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.120%, 7d avg +0.114%
=Together, before fees+0.710%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$71 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.114%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.631% in total (about 32.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended USELESS-USD | 0.2814 | 0.0528 | pay 0.0066% / 1h | 54m 50s | $295K | $966K | 5x |
| Short | Hyperliquid USELESS | 0.2817 | 0.1463 | get 0.0183% / 1h | 54m 50s | $14.0M | $20.9M | 3x |
Extended USELESS-USD
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $196.3
- Price spread: +0.120% → +0.114%
- $0.58
- Slippage, 4 orders
- −$106.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $76.74
- Costs to cover
- 1.201%
- Break-even
- 4.3 days
Slippage from Extended: live order book, 23 min ago; Hyperliquid: live order book, 8 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 Extended live order book, 23 min ago | 7.80 bp | 72.4 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.73 bp | 8.8 bp −$9 | 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 | 0.2819 | +0.176% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2794 | −0.726% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2829 | +0.535% | $9.8M | $66.2M | 10x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.211% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2799 | −0.517% | $18K | $492K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2800 | −0.499% | $563K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0117% | 1h | 0.2803 | −0.389% | $30K | $152K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2810 | −0.150% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0326% | 4h | 0.2812 | −0.076% | $5.2M | $9.9M | 12x | as long as short |
| Gate USELESS_USDT | +0.0384% | 4h | 0.2808 | −0.207% | $7.0M | $8.2M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0438% | 4h | 0.2816 | +0.059% | $5.4M | $9.3M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0519% | 4h | 0.2791 | −0.822% | $21K | $191K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0524% | 4h | 0.2816 | +0.066% | $10.3M | $5.9M | 50x | as long as short |
| Extended USELESS-USDlong | +0.0528% | 1h | 0.2814 | long leg | $295K | $966K | 5x | |
| Binance USELESSUSDT | +0.0531% | 4h | 0.2823 | +0.326% | $23.8M | $115.2M | 50x | as long as short |
| ApeX Omni USELESSUSDT | +0.0582% | 1h | 0.2789 | −0.890% | $39K | $701K | 25x | as long as short |
| Aster USELESSUSDT | +0.1152% | 4h | 0.2810 | −0.146% | $646K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1194% | 4h | 0.2815 | +0.020% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1214% | 4h | 0.2830 | +0.567% | $28.1M | $45.3M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1333% | 4h | 0.2811 | −0.122% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1387% | 4h | 0.2793 | −0.734% | $1.2M | $1.7M | — | as long as short |
| Hyperliquid USELESSshort | +0.1463% | 1h | 0.2817 | +0.120% | $14.0M | $20.9M | 3x | |
| BloFin USELESS-USDT | +0.1587% | 4h | 0.2814 | −0.001% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2957 | +5.063% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
ApeX Omni USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP