Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h +0.036%
Price spread now: Hyperliquid against Bitget+0.073%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$640.636% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.153%+$15 on $10k
Price spread, last 7 days−0.032%−$3 · spread now +0.073%, 7d avg +0.076%
Together, before fees+0.121%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLUSDT0.11010.0100pay 0.0050% / 4h6m 45s$4.1M$4.6M50x
ShortHyperliquid POL0.11020.0127get 0.0016% / 1h6m 45s$7.5M$3.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$5.62
Price spread: +0.073% → +0.076%
−$0.36
Slippage, 4 orders
−$42.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$58.36
Costs to cover
0.636%
Break-even
79.7 days
Slippage from Bitget: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.27 bp16.6 bp −$1727.6 bp −$276doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.91 bp14.2 bp −$14doesn't fitdoesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0520%1h0.1097−0.390%$202K$195K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1101−0.068%$3Kas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1102+0.036%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.881%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0042%4h0.1101−0.036%$11K$248K20xas long as short
Lighter POL+0.0096%1h0.1101+0.016%$280K$555K8xas long as short
Aster POLUSDT+0.0100%4h0.1101−0.023%$365K$271K20xas long as short
Binance POLUSDT+0.0100%4h0.1101−0.041%$17.1M$41.5M75xas long as short
Bybit POLUSDT+0.0100%4h0.1100−0.100%$15.8M$11.8M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1101−0.064%$5.7M$10.1M50xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate POL_USDT+0.0100%4h0.1100−0.091%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1101−0.036%$24.7M$3.6M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1102+0.064%$2.9M$975K50xas long as short
Bitget POLUSDTlong+0.0100%4h0.1101long leg$4.1M$4.6M50x
BingX POL-USDT+0.0100%4h0.1101−0.054%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1102+0.050%$610K$206Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1102+0.099%$1.1M$2.8M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1103+0.154%$196K$638K50xas long as short
Extended POL-USD+0.0104%1h0.1101−0.060%$92K$454K10xas long as short
Aevo POL-PERP+0.0104%1h0.1100−0.133%$40K3xas long as short
dYdX POL-USD+0.0123%1h0.1102+0.045%$17K$2K5xas long as short
Hyperliquid POLshort+0.0127%1h0.1102+0.073%$7.5M$3.7M5x
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1102+0.021%$3K100xas long as short
Kraken Futures PF_POLUSD+0.0313%1h0.1102+0.036%$1.2M$1.2M50xas long as short
BloFin POL-USDT+0.0340%4h0.1101−0.027%$910K$169K75xas long as short