Funding you earn now, next payment 06:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.233%
Price spread now: Hyperliquid against OKX−0.247%7-day average +0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days+0.887%+$89 on $10k
+Price spread, last 7 days+0.258%+$26 · spread now −0.247%, 7d avg +0.130%
=Together, before fees+1.145%+ Points / potential airdropHyperliquid: Season 2 · farm board+$115 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.378% cheaper against OKX than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.130%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.887%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2774 | 0.0156 | pay 0.0078% / 4h | 2h 20m | $9.5M | $67.9M | 10x |
| Short | Hyperliquid USELESS | 0.2767 | 0.0100 | get 0.0013% / 1h | 20m 03s | $12.2M | $23.2M | 3x |
OKX USELESS-USDT-SWAP
Hyperliquid USELESSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- −$11.72
- Price spread: −0.247% → +0.130%
- −$37.78
- Slippage, 4 orders
- −$53.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$122.38
- Costs to cover
- 0.729%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Hyperliquid: 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 OKX live order book, 4 min ago | 2.04 bp | 18.0 bp −$18 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.74 bp | 18.7 bp −$19 | 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 | 0.2746 | −1.006% | $1.3M | $1.2M | 3x | as long as short |
| Hyperliquid USELESSshort | +0.0100% | 1h | 0.2767 | −0.247% | $12.2M | $23.2M | 3x | |
| Aster USELESSUSDT | +0.0100% | 4h | 0.2774 | +0.012% | $543K | $2.1M | 10x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2723 | −1.824% | $29K | $18K | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0100% | 4h | 0.2767 | −0.249% | $5.1M | $10.6M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0100% | 4h | 0.2772 | −0.065% | $5.3M | $10.4M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2731 | −1.557% | $26K | $251K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2736 | −1.366% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2766 | −0.278% | $19K | $518K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2763 | −0.382% | $651K | $1.1M | 20x | as long as short |
Lighter USELESS
Aster USELESSUSDT
Pacifica USELESS
KuCoin USELESSUSDTM
Bitget USELESSUSDT
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo USELESS-PERP | +0.0136% | 1h | 0.2734 | −1.420% | $10K | — | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0156% | 4h | 0.2774 | long leg | $9.5M | $67.9M | 10x | |
| edgeX USELESSUSDC | +0.0193% | 4h | 0.2705 | −2.474% | $20K | $196K | 10x | as long as short |
| Extended USELESS-USD | +0.0208% | 1h | 0.2733 | −1.450% | $117K | $1.1M | 5x | as long as short |
| MEXC USELESS_USDT | +0.0208% | 4h | 0.2768 | −0.198% | $11.2M | $6.1M | 50x | as long as short |
| Binance USELESSUSDT | +0.0210% | 4h | 0.2778 | +0.173% | $23.2M | $122.6M | 50x | as long as short |
| Bybit USELESSUSDT | +0.0359% | 4h | 0.2774 | +0.029% | $26.1M | $48.7M | 13x | as long as short |
| ApeX Omni USELESSUSDT | +0.0391% | 1h | 0.2701 | −2.621% | $48K | $698K | 25x | as long as short |
| BingX USELESS-USDT | +0.0426% | 4h | 0.2778 | +0.151% | — | $5.3M | — | as long as short |
| Variational Omni USELESS | +0.0434% | 4h | 0.2715 | −2.117% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0627% | 4h | 0.2721 | −1.893% | $1.1M | $2.0M | 12x | as long as short |
| Gate USELESS_USDT | +0.0768% | 4h | 0.2768 | −0.198% | $6.9M | $8.6M | 50x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1148% | 4h | 0.2734 | −1.446% | $21K | $1.2M | 10x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2826 | +1.893% | $5K | $11K | 5.5x | as long as short |
Aevo USELESS-PERP
edgeX USELESSUSDC
Extended USELESS-USD
MEXC USELESS_USDT
Binance USELESSUSDT
Bybit USELESSUSDT
ApeX Omni USELESSUSDT
BingX USELESS-USDT
Variational Omni USELESS
BloFin USELESS-USDT
Gate USELESS_USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP