Funding you earn now, next payment 01:00 UTC−0.0649%/8h= −71.1% APRnext payment −$0.81 per $10,000 · paid last 24h −0.163%
Price spread now: Extended against Hyperliquid+0.157%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$2012.013% of the position
Funding, last 7 days−0.649%−$65 on $10k
+Price spread, last 4 days (all we have)−0.412%−$41 · spread now +0.157%, 7d avg −0.113%
=Together, before fees−1.060%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.270% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.113%): +$27 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.649% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USELESS | 0.2901 | 0.1137 | pay 0.0142% / 1h | 15m 16s | $14.6M | $21.0M | 3x |
| Short | Extended USELESS-USD | 0.2905 | 0.0488 | get 0.0061% / 1h | 15m 16s | $307K | $1.2M | 5x |
Hyperliquid USELESS
Extended USELESS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- −$136.27
- Price spread: +0.157% → −0.113%
- $27.02
- Slippage, 4 orders
- −$187.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$310.59
- Costs to cover
- 2.013%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Extended: live order book, 3 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 Hyperliquid live order book, 8 min ago | 1.57 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 59.97 bp | 77.8 bp −$78 | 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 | 0.2887 | −0.476% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2886 | −0.510% | $32K | $69K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2905 | +0.148% | $10.2M | $68.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2901 | 0.000% | $50K | $175K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2908 | +0.248% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2913 | +0.410% | $19K | $510K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2906 | +0.193% | $615K | $1.2M | 20x | as long as short |
| KuCoin USELESSUSDTM | +0.0150% | 4h | 0.2903 | +0.093% | $5.3M | $10.2M | 12x | as long as short |
| Aevo USELESS-PERP | +0.0200% | 1h | 0.2904 | +0.118% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0387% | 1h | 0.2874 | −0.924% | $40K | $699K | 25x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
KuCoin USELESSUSDTM
Aevo USELESS-PERP
ApeX Omni USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX USELESSUSDC | +0.0470% | 4h | 0.2878 | −0.801% | $21K | $194K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0474% | 4h | 0.2908 | +0.234% | $11.1M | $6.0M | 50x | as long as short |
| Binance USELESSUSDT | +0.0488% | 4h | 0.2907 | +0.196% | $24.5M | $116.4M | 50x | as long as short |
| Extended USELESS-USDshort | +0.0488% | 1h | 0.2905 | +0.157% | $307K | $1.2M | 5x | |
| Bitget USELESSUSDT | +0.0550% | 4h | 0.2908 | +0.245% | $5.6M | $9.6M | 20x | as long as short |
| Bybit USELESSUSDT | +0.0682% | 4h | 0.2905 | +0.155% | $28.4M | $46.3M | 13x | as long as short |
| Gate USELESS_USDT | +0.0708% | 4h | 0.2906 | +0.183% | $7.3M | $8.4M | 50x | as long as short |
| BingX USELESS-USDT | +0.0866% | 4h | 0.2906 | +0.186% | — | $5.1M | — | as long as short |
| Variational Omni USELESS | +0.0969% | 4h | 0.2879 | −0.744% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1077% | 4h | 0.2898 | −0.091% | $666K | $2.3M | 10x | as long as short |
| Hyperliquid USELESSlong | +0.1137% | 1h | 0.2901 | long leg | $14.6M | $21.0M | 3x | |
| Orderly PERP_USELESS_USDC | +0.1243% | 4h | 0.2909 | +0.269% | $23K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1274% | 4h | 0.2874 | −0.910% | $1.2M | $2.1M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3049 | +5.116% | $5K | $9K | 5.5x | as long as short |
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Bitget USELESSUSDT
Bybit USELESSUSDT
Gate USELESS_USDT
BingX USELESS-USDT
Variational Omni USELESS
Aster USELESSUSDT
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Injective USELESS/USDC PERP