Funding you earn now, next payment 23:00 UTC−0.0135%/8h= −14.7% APRpaid last 24h −0.019%
Price spread now: Hyperliquid against BloFin+0.474%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)+0.513%+$51 · spread now +0.474%, 7d avg +0.118%
=Together, before fees+0.565%+ Points / potential airdropHyperliquid: Season 2 · farm board+$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.356% dearer against BloFin than usual: you sell high and buy low (spread +0.474% now, against its 7-day average of +0.118%): +$36 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.052%, 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 | BloFin POL-USDT | 0.1118 | 0.0340 | pay 0.0170% / 4h | 1h 56m | $906K | $168K | 75x |
| Short | Hyperliquid POL | 0.1123 | 0.0205 | get 0.0026% / 1h | 56m 35s | $7.6M | $4.6M | 5x |
BloFin POL-USDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$28.28
- Price spread: +0.474% → +0.118%
- $35.6
- Slippage, 4 orders
- −$28.29
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$41.97
- Costs to cover
- 0.493%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; Hyperliquid: live order book, 6 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 BloFin live order book, 25 min ago | 0.89 bp | 8.0 bp −$8 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.34 bp | 12.0 bp −$12 | 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 | −0.617% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −0.617% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1120 | +0.158% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0026% | 4h | 0.1119 | +0.063% | $11K | $204K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1118 | +0.002% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1121 | +0.259% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1119 | +0.079% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.284% | $311K | $558K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.235% | $372K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1121 | +0.277% | $17.1M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) 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 | 0.1120 | +0.206% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | +0.224% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | +0.188% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.286% | $23.7M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1121 | +0.250% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1121 | +0.304% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1121 | +0.286% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1116 | −0.139% | $660K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | −0.072% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | +0.009% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | +0.286% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1117 | −0.064% | $41K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0205% | 1h | 0.1123 | +0.474% | $7.6M | $4.6M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1119 | +0.081% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1118 | long leg | $906K | $168K | 75x |
Bybit POLUSDT
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]