Funding you earn now, next payment 23:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against ApeX Omni+0.222%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$660.656% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.222%, 7d avg +0.083%
=Together, before fees−0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.139% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni POLUSDT | 0.1124 | 0.0100 | pay 0.0013% / 1h | 1m 28s | $199K | $657K | 50x |
| Short | Hyperliquid POL | 0.1127 | 0.0269 | get 0.0034% / 1h | 1m 28s | $7.6M | $4.0M | 5x |
ApeX Omni POLUSDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $35.49
- Price spread: +0.222% → +0.083%
- $13.91
- Slippage, 4 orders
- −$46.63
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$16.24
- Costs to cover
- 0.656%
- Break-even
- 10.2 days
Slippage from ApeX Omni: live order book, 17 min ago; Hyperliquid: live order book, 11 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 ApeX Omni live order book, 17 min ago | 8.89 bp | 18.2 bp −$18 | 135.6 bp −$1,356 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.33 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −1.157% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1122 | −0.178% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1125 | +0.070% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0008% | 4h | 0.1124 | +0.027% | $11K | $196K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1124 | 0.000% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1125 | +0.075% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0012% | 1h | 0.1124 | −0.001% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1124 | +0.036% | $300K | $577K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1124 | +0.031% | $374K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1124 | +0.009% | $17.4M | $50.8M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1123 | −0.062% | $16.2M | $15.5M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1124 | −0.009% | $5.8M | $11.9M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1124 | −0.044% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1124 | 0.000% | $24.1M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1124 | 0.000% | $2.8M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1124 | 0.000% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1124 | −0.009% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1123 | −0.089% | $663K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1124 | +0.036% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDTlong | +0.0100% | 1h | 0.1124 | long leg | $199K | $657K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1124 | −0.028% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1123 | −0.133% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1125 | +0.082% | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.0269% | 1h | 0.1127 | +0.222% | $7.6M | $4.0M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1124 | −0.018% | $913K | $169K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT