Funding you earn now, next payment 00:00 UTC−0.1450%/8h= −158.8% APRnext payment −$1.81 per $10,000 · paid last 24h −0.268%
Price spread now: Pacifica against Hyperliquid−0.174%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.947%−$95 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Pacifica is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.947% in total (about -49.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.81 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 | Hyperliquid USELESS | 0.2823 | 0.1550 | pay 0.0194% / 1h | 30m 35s | $14.0M | $21.0M | 3x |
| Short | Pacifica USELESS | 0.2818 | 0.0100 | get 0.0013% / 1h | 30m 35s | $31K | $70K | 3x |
Hyperliquid USELESS
Pacifica USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$304.47
- Price spread: −0.174% → 0.000%
- −$17.36
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$338.83
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Pacifica: 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, 2 min ago | 1.42 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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 | 0.2817 | −0.195% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESSshort | +0.0100% | 1h | 0.2818 | −0.174% | $31K | $70K | 3x | |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2816 | −0.223% | $9.9M | $66.4M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2819 | −0.142% | $34K | $157K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2821 | −0.074% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2818 | −0.156% | $19K | $495K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2812 | −0.361% | $569K | $1.2M | 20x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2813 | −0.324% | $10K | — | 3x | as long as short |
| ApeX Omni USELESSUSDT | +0.0247% | 1h | 0.2817 | −0.198% | $39K | $700K | 25x | as long as short |
| KuCoin USELESSUSDTM | +0.0260% | 4h | 0.2816 | −0.244% | $5.2M | $10.0M | 12x | as long as short |
Lighter USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
ApeX Omni USELESSUSDT
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0330% | 4h | 0.2818 | −0.163% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0374% | 4h | 0.2815 | −0.266% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0490% | 4h | 0.2816 | −0.223% | $21K | $192K | 10x | as long as short |
| Binance USELESSUSDT | +0.0507% | 4h | 0.2818 | −0.159% | $23.7M | $116.1M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0508% | 4h | 0.2819 | −0.142% | $10.4M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0512% | 1h | 0.2818 | −0.152% | $297K | $966K | 5x | as long as short |
| BingX USELESS-USDT | +0.1010% | 4h | 0.2817 | −0.184% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1018% | 4h | 0.2818 | −0.149% | $27.8M | $45.7M | 13x | as long as short |
| Aster USELESSUSDT | +0.1102% | 4h | 0.2813 | −0.346% | $647K | $2.3M | 10x | as long as short |
| Variational Omni USELESS | +0.1185% | 4h | 0.2823 | −0.001% | $1.2M | $1.8M | — | as long as short |
| Orderly PERP_USELESS_USDC | +0.1338% | 4h | 0.2821 | −0.046% | $22K | $1.4M | 10x | as long as short |
| BloFin USELESS-USDT | +0.1360% | 4h | 0.2822 | −0.014% | $1.2M | $2.0M | 12x | as long as short |
| Hyperliquid USELESSlong | +0.1550% | 1h | 0.2823 | long leg | $14.0M | $21.0M | 3x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2982 | +5.658% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
BingX USELESS-USDT
Bybit USELESSUSDT
Aster USELESSUSDT
Variational Omni USELESS
Orderly PERP_USELESS_USDC
BloFin USELESS-USDT
Injective USELESS/USDC PERP