Funding you earn now, next payment 23:00 UTC+0.0425%/8h= +46.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.209%
Price spread now: Hyperliquid against Coinbase International+0.018%49s7-day average +0.490% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days+0.614%+$61 on $10k
+Price spread, last 3 days (all we have)+1.219%+$122 · spread now +0.018%, 7d avg +0.490%
=Together, before fees+1.833%+ Points / potential airdropHyperliquid: Season 2 · farm board+$183 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.472% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.490%). If the spread goes back, that is −$47 on $10k: about 3.7 days of funding at the current rate (+$13 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International POL-PERP-INTX | 0.1121 | −0.0128 | get 0.0016% / 1h | 37m 27s | $205K | $225K | 50x |
| Short | Hyperliquid POL | 0.1121 | 0.0297 | get 0.0037% / 1h | 37m 27s | $7.6M | $4.0M | 5x |
Coinbase International POL-PERP-INTX
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $89.3
- Price spread: +0.018% → +0.490%
- −$47.23
- Slippage, 4 orders
- −$63.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.99
- Costs to cover
- 0.821%
- Break-even
- 10.1 days
Slippage from Coinbase International: live order book, 40 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 Coinbase International live order book, 40 min ago | 8.88 bp | 22.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.89 bp | 6.8 bp −$7 | 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-INTXlong | −0.0128% | 1h | 0.1121 | long leg | $205K | $225K | 50x | |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | −0.043% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1119 | −0.190% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1121 | −0.012% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | −0.097% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0007% | 4h | 0.1120 | −0.107% | $11K | $191K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.892% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1120 | −0.093% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | −0.059% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | −0.169% | $17.2M | $50.5M | 75x | as long as short |
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
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 | 0.1118 | −0.232% | $16.1M | $15.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | −0.161% | $5.8M | $11.8M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | −0.169% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | −0.152% | $24.3M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1119 | −0.178% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | −0.089% | $4.2M | $5.5M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1119 | −0.161% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | −0.017% | $662K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.071% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1122 | +0.089% | $199K | $656K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | −0.170% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.211% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1121 | −0.036% | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.0297% | 1h | 0.1121 | +0.018% | $7.6M | $4.0M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | −0.027% | $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-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT