POL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Hyperliquid against GMX+0.162%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.162% dearer against GMX than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX POL/USD [ETH-USDC]	0.1121	L +0.0211% / S −0.0606%	pay 0.0026% / 1h	56m 09s	$3K	—	100x
Short	Hyperliquid POL	0.1123	0.0202	get 0.0025% / 1h	56m 09s	$7.6M	$4.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$1.85
Price spread: +0.162% → 0.000%: $16.23
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$6.62
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	1.34 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.917%	$3K	$124K	12x	as long as short
Coinbase International POL-PERP-INTX	−0.0128%	1h	0.1111	−0.917%	$202K	$253K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1122	+0.039%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0025%	4h	0.1121	−0.061%	$11K	$204K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1120	−0.076%	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	0.1121	−0.043%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1121	−0.008%	$22K	—	150x	as long as short
Lighter POL	+0.0096%	1h	0.1121	−0.035%	$311K	$558K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1120	−0.079%	$372K	$359K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1121	−0.031%	$17.1M	$51.5M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit POLUSDT	+0.0100%	4h	0.1120	−0.096%	$16.1M	$16.2M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1120	−0.087%	$5.8M	$12.1M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1120	−0.114%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.052%	$23.7M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1120	−0.070%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1121	−0.052%	$4.2M	$5.9M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1120	−0.096%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1116	−0.440%	$660K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1117	−0.373%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1118	−0.293%	$198K	$662K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.066%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1119	−0.197%	$41K	—	3x	as long as short
Hyperliquid POLshort	+0.0202%	1h	0.1123	+0.162%	$7.6M	$4.6M	5x
GMX POL/USD [ETH-USDC]long	L +0.0211% / S −0.0606%	1h	0.1121	long leg	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1118	−0.301%	$906K	$168K	75x	as long as short