USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1248%/8h= −136.7% APRnext payment −$1.56 per $10,000 · paid last 24h −0.238%

Price spread now: Aevo against Hyperliquid−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Aevo is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2805	0.1448	pay 0.0181% / 1h	3m 18s	$14.0M	$21.1M	3x
Short	Aevo USELESS-PERP	0.2804	0.0200	get 0.0025% / 1h	3m 18s	$10K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$262.18
Price spread: −0.022% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$289.42
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Aevo: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 10 min ago	0.88 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2796	−0.310%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2798	−0.235%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2798	−0.253%	$9.8M	$66.0M	10x	as long as short
ApeX Omni USELESSUSDT	+0.0100%	1h	0.2797	−0.274%	$39K	$701K	25x	as long as short
Polymarket Perps USELESS-USD	+0.0100%	1h	0.2800	−0.181%	$41K	$164K	3x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2799	−0.210%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2797	−0.260%	$18K	$501K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2796	−0.324%	$578K	$1.2M	20x	as long as short
KuCoin USELESSUSDTM	+0.0166%	4h	0.2796	−0.313%	$5.2M	$10.0M	12x	as long as short
Aevo USELESS-PERPshort	+0.0200%	1h	0.2804	−0.022%	$10K	—	3x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0274%	4h	0.2801	−0.132%	$5.3M	$9.4M	20x	as long as short
Gate USELESS_USDT	+0.0338%	4h	0.2793	−0.410%	$7.0M	$8.3M	50x	as long as short
Binance USELESSUSDT	+0.0470%	4h	0.2799	−0.185%	$23.6M	$116.2M	50x	as long as short
Extended USELESS-USD	+0.0472%	1h	0.2799	−0.205%	$295K	$836K	5x	as long as short
MEXC USELESS_USDT	+0.0472%	4h	0.2801	−0.142%	$10.3M	$6.0M	50x	as long as short
edgeX USELESSUSDC	+0.0477%	4h	0.2800	−0.172%	$21K	$193K	10x	as long as short
BingX USELESS-USDT	+0.0906%	4h	0.2799	−0.203%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.0913%	4h	0.2797	−0.260%	$27.4M	$45.7M	13x	as long as short
Variational Omni USELESS	+0.0994%	4h	0.2798	−0.234%	$1.2M	$1.8M	—	as long as short
Aster USELESSUSDT	+0.1023%	4h	0.2800	−0.153%	$643K	$2.3M	10x	as long as short
BloFin USELESS-USDT	+0.1190%	4h	0.2798	−0.235%	$1.2M	$2.0M	12x	as long as short
Orderly PERP_USELESS_USDC	+0.1301%	4h	0.2801	−0.149%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESSlong	+0.1448%	1h	0.2805	long leg	$14.0M	$21.1M	3x
Injective USELESS/USDC PERP	+0.5000%	1h	0.2962	+5.591%	$5K	$9K	5.5x	as long as short