Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.058%
Price spread now: ApeX Omni against Hyperliquid−0.232%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.232%, 7d avg −0.088%
=Together, before fees+0.019%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.144% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1121 | 0.0126 | pay 0.0016% / 1h | 46m 57s | $7.6M | $3.9M | 5x |
| Short | ApeX Omni POLUSDT | 0.1118 | 0.0100 | get 0.0013% / 1h | 46m 57s | $197K | $644K | 50x |
Hyperliquid POL
ApeX Omni POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Hyperliquid. 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
- −$5.48
- Price spread: −0.232% → −0.088%
- −$14.4
- Slippage, 4 orders
- −$58.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$97.83
- Costs to cover
- 0.780%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 26 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 Hyperliquid live order book, 5 min ago | 3.12 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 26 min ago | 13.39 bp | 23.7 bp −$24 | 137.1 bp −$1,371 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0240% | 1h | 0.1119 | −0.104% | $1.2M | $1.4M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1115 | −0.500% | $204K | $208K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1118 | −0.189% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1119 | −0.132% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | −0.087% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0015% | 4h | 0.1119 | −0.161% | $11K | $179K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.857% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1119 | −0.137% | $293K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | −0.099% | $372K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | −0.125% | $17.2M | $47.1M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
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 | 0.1119 | −0.187% | $16.1M | $14.0M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | −0.161% | $5.8M | $11.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1118 | −0.205% | $1.9M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | −0.170% | $24.2M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | −0.071% | $3.0M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | −0.170% | $4.2M | $5.1M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1119 | −0.125% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | −0.319% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.162% | $1.1M | $3.0M | 10x | as long as short |
| ApeX Omni POLUSDTshort | +0.0100% | 1h | 0.1118 | −0.232% | $197K | $644K | 50x | |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | −0.182% | $93K | $480K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.160% | $41K | — | 3x | as long as short |
| Hyperliquid POLlong | +0.0126% | 1h | 0.1121 | long leg | $7.6M | $3.9M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0216% / S −0.0750% | 1h | 0.1119 | −0.103% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1119 | −0.152% | $910K | $159K | 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
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT