Funding you earn now, next payment 00:00 UTC+0.0193%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.045%
Price spread now: Hyperliquid against Extended+0.188%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.188%, 7d avg +0.128%
=Together, before fees+0.253%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.059% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.128%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended POL-USD | 0.1119 | 0.0104 | pay 0.0013% / 1h | 37m 28s | $94K | $427K | 10x |
| Short | Hyperliquid POL | 0.1121 | 0.0297 | get 0.0037% / 1h | 37m 28s | $7.6M | $4.0M | 5x |
Extended POL-USD
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $40.58
- Price spread: +0.188% → +0.128%
- $5.94
- Slippage, 4 orders
- −$39.24
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$6.73
- Costs to cover
- 0.532%
- Break-even
- 8.2 days
Slippage from Extended: 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 Extended live order book, 40 min ago | 1.56 bp | 15.5 bp −$16 | 168.9 bp −$1,689 | 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-INTX | −0.0128% | 1h | 0.1121 | +0.170% | $205K | $225K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.127% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1119 | −0.021% | $3K | — | — | as long as short |
| dYdX POL-USD | +0.0002% | 1h | 0.1121 | +0.158% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.073% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0007% | 4h | 0.1120 | +0.063% | $11K | $191K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.724% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1120 | +0.077% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | +0.111% | $372K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | 0.000% | $17.2M | $50.5M | 75x | as long as short |
Coinbase International POL-PERP-INTX
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 | −0.062% | $16.1M | $15.4M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | +0.009% | $5.8M | $11.8M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | 0.000% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | +0.018% | $24.3M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1119 | −0.009% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | +0.081% | $4.2M | $5.5M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1119 | +0.009% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | +0.153% | $662K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1122 | +0.241% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1122 | +0.259% | $199K | $656K | 50x | as long as short |
| Extended POL-USDlong | +0.0104% | 1h | 0.1119 | long leg | $94K | $427K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.042% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1121 | +0.134% | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.0297% | 1h | 0.1121 | +0.188% | $7.6M | $4.0M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | +0.143% | $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
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT