Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Hyperliquid against Polymarket Perps+0.123%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.123% dearer against Polymarket Perps than usual: you sell high and buy low, +$12 on $10k if it 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 | Polymarket Perps ETHFI-USD | 0.7172 | 0.0100 | pay 0.0013% / 1h | 39m 27s | $59K | $90K | 5x |
| Short | Hyperliquid ETHFI | 0.7181 | 0.0100 | get 0.0013% / 1h | 39m 27s | $18.2M | $8.9M | 5x |
Polymarket Perps ETHFI-USD
Hyperliquid ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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
- $0
- Price spread: +0.123% → 0.000%
- $12.27
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$4.73
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 1.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Polymarket Perps: 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.
ETHFI 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0447% | 1h | 0.7171 | −0.018% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0278% | 4h | 0.7149 | −0.325% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0252% | 1h | 0.7176 | +0.053% | $281K | $146K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0179% | 4h | 0.7168 | −0.060% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.944% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0044% | 8h | 0.7165 | −0.096% | $6K | — | 5x | as long as short |
| Binance ETHFIUSDT | +0.0060% | 4h | 0.7170 | −0.032% | $24.9M | $37.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0062% | 4h | 0.7171 | −0.018% | $15.2M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7164 | −0.119% | $93K | $493K | 10x | as long as short |
| Bitget ETHFIUSDT | +0.0078% | 4h | 0.7170 | −0.032% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7172 | −0.007% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7165 | −0.102% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7181 | +0.123% | $18.2M | $8.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7169 | −0.046% | $183K | $257K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7175 | +0.038% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7175 | +0.038% | $4.9M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7170 | −0.032% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7174 | +0.024% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7169 | −0.046% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7161 | −0.155% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USDlong | +0.0100% | 1h | 0.7172 | long leg | $59K | $90K | 5x | |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7167 | −0.074% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0258% | 4h | 0.7154 | −0.255% | $1.2M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7176 | +0.052% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX