Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.041%
Price spread now: Hyperliquid against Binance+0.100%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 7 days−0.102%−$10 · spread now +0.100%, 7d avg +0.072%
=Together, before fees+0.184%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POLUSDT | 0.1098 | 0.0100 | pay 0.0050% / 4h | 57m 30s | $17.1M | $42.0M | 75x |
| Short | Hyperliquid POL | 0.1099 | 0.0186 | get 0.0023% / 1h | 57m 30s | $7.4M | $3.7M | 5x |
Binance POLUSDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $18.11
- Price spread: +0.100% → +0.072%
- $2.87
- Slippage, 4 orders
- −$32.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.77
- Costs to cover
- 0.517%
- Break-even
- 18.9 days
Slippage from Binance: live order book, 14 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 14 min ago | 0.90 bp | 12.1 bp −$12 | 22.4 bp −$224 | 188.0 bp −$18.8K | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.36 bp | 12.8 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0520% | 1h | 0.1096 | −0.155% | $202K | $197K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1098 | +0.026% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1098 | +0.027% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1099 | +0.085% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.212% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0039% | 4h | 0.1097 | −0.046% | $11K | $269K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1097 | −0.039% | $283K | $550K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1098 | −0.009% | $365K | $268K | 20x | as long as short |
| Binance POLUSDTlong | +0.0100% | 4h | 0.1098 | long leg | $17.1M | $42.0M | 75x | |
| Bybit POLUSDT | +0.0100% | 4h | 0.1097 | −0.073% | $15.8M | $11.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1098 | −0.018% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1097 | −0.036% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1097 | −0.073% | $24.3M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1098 | +0.064% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1098 | +0.018% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1097 | −0.027% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1099 | +0.075% | $608K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1099 | +0.155% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1097 | −0.064% | $194K | $633K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1096 | −0.112% | $95K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1096 | −0.180% | $40K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0186% | 1h | 0.1099 | +0.100% | $7.4M | $3.7M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1098 | +0.049% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0314% | 1h | 0.1098 | +0.051% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1098 | +0.064% | $913K | $166K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT