Funding you earn now, next payment 03:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against Bybit+0.217%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 7 days−0.183%−$18 · spread now +0.217%, 7d avg +0.097%
=Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.121% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1105 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $15.9M | $11.8M | 75x |
| Short | Hyperliquid POL | 0.1108 | 0.0227 | get 0.0028% / 1h | 18m 37s | $7.5M | $3.7M | 5x |
Bybit POLUSDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $26.69
- Price spread: +0.217% → +0.097%
- $12.06
- Slippage, 4 orders
- −$38.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$19.94
- Costs to cover
- 0.587%
- Break-even
- 12.2 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 4 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 Bybit live order book, 5 min ago | 1.36 bp | 15.0 bp −$15 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.90 bp | 9.1 bp −$9 | 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 | −0.0464% | 1h | 0.1098 | −0.651% | $202K | $198K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1105 | +0.014% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1106 | +0.100% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1107 | +0.138% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.525% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0042% | 4h | 0.1106 | +0.063% | $11K | $297K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1106 | +0.111% | $285K | $565K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1107 | +0.118% | $368K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1106 | +0.046% | $17.2M | $42.0M | 75x | as long as short |
| Bybit POLUSDTlong | +0.0100% | 4h | 0.1105 | long leg | $15.9M | $11.8M | 75x |
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
Binance 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 | 0.1106 | +0.045% | $5.7M | $10.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1106 | +0.045% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1106 | +0.081% | $23.9M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1106 | +0.090% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1106 | +0.118% | $4.2M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1106 | +0.036% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1106 | +0.049% | $612K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1106 | +0.066% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1106 | +0.072% | $196K | $636K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1106 | +0.035% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1104 | −0.091% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1107 | +0.130% | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.0227% | 1h | 0.1108 | +0.217% | $7.5M | $3.7M | 5x | |
| Kraken Futures PF_POLUSD | +0.0259% | 1h | 0.1107 | +0.149% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1106 | +0.063% | $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