USELESS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.3646%/8h= +399.2% APRnext payment +$4.56 per $10,000 · paid last 24h −1.428%

Price spread now: Injective against Hyperliquid+5.352%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$109 a day on $10k at the current rate, and Injective is 5.352% dearer against Hyperliquid than usual: you sell high and buy low: +$535 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid USELESS	0.2806	0.1354	pay 0.0169% / 1h	55m 21s	$13.9M	$20.9M	3x
Short	Injective USELESS/USDC PERP	0.2957	0.5000	get 0.0625% / 1h	55m 21s	$5K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.352%Rate

Funding earned: $765.62
Price spread: +5.352% → 0.000%: $535.22
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,291.83
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 8 min ago; Injective: 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, 8 min ago	0.73 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.2812	+0.214%	$1.3M	$1.1M	3x	as long as short
Pacifica USELESS	+0.0100%	1h	0.2794	−0.453%	$31K	$70K	3x	as long as short
OKX USELESS-USDT-SWAP	+0.0100%	4h	0.2808	+0.075%	$9.8M	$65.7M	10x	as long as short
SunX USELESS-USDT	+0.0100%	4h	0.2808	+0.064%	—	$1.4M	10x	as long as short
HTX USELESS-USDT	+0.0100%	4h	0.2799	−0.242%	$18K	$492K	20x	as long as short
Phemex USELESSUSDT	+0.0100%	4h	0.2800	−0.224%	$563K	$1.2M	20x	as long as short
Polymarket Perps USELESS-USD	+0.0117%	1h	0.2803	−0.114%	$30K	$152K	3x	as long as short
Aevo USELESS-PERP	+0.0208%	1h	0.2810	+0.125%	$10K	—	3x	as long as short
KuCoin USELESSUSDTM	+0.0326%	4h	0.2800	−0.239%	$5.2M	$9.9M	12x	as long as short
Gate USELESS_USDT	+0.0384%	4h	0.2804	−0.086%	$7.0M	$8.2M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget USELESSUSDT	+0.0438%	4h	0.2810	+0.146%	$5.4M	$9.2M	20x	as long as short
edgeX USELESSUSDC	+0.0519%	4h	0.2791	−0.549%	$21K	$191K	10x	as long as short
MEXC USELESS_USDT	+0.0524%	4h	0.2804	−0.071%	$10.2M	$5.9M	50x	as long as short
Binance USELESSUSDT	+0.0526%	4h	0.2808	+0.061%	$23.8M	$115.1M	50x	as long as short
Extended USELESS-USD	+0.0528%	1h	0.2809	+0.080%	$295K	$966K	5x	as long as short
ApeX Omni USELESSUSDT	+0.0582%	1h	0.2789	−0.616%	$39K	$701K	25x	as long as short
Aster USELESSUSDT	+0.1140%	4h	0.2801	−0.192%	$644K	$2.2M	10x	as long as short
BingX USELESS-USDT	+0.1194%	4h	0.2808	+0.064%	—	$5.0M	—	as long as short
Bybit USELESSUSDT	+0.1214%	4h	0.2808	+0.057%	$27.9M	$45.3M	13x	as long as short
Orderly PERP_USELESS_USDC	+0.1333%	4h	0.2811	+0.153%	$22K	$1.4M	10x	as long as short
Hyperliquid USELESSlong	+0.1354%	1h	0.2806	long leg	$13.9M	$20.9M	3x
Variational Omni USELESS	+0.1387%	4h	0.2793	−0.461%	$1.2M	$1.7M	—	as long as short
BloFin USELESS-USDT	+0.1587%	4h	0.2814	+0.274%	$1.2M	$2.0M	12x	as long as short
Injective USELESS/USDC PERPshort	+0.5000%	1h	0.2957	+5.352%	$5K	$9K	5.5x