Funding you earn now, next payment 23:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.040%
Price spread now: Binance against Hyperliquid−0.214%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 7 days+0.183%+$18 · spread now −0.214%, 7d avg −0.067%
=Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.148% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1120 | 0.0157 | pay 0.0020% / 1h | 57m 53s | $7.6M | $4.6M | 5x |
| Short | Binance POLUSDT | 0.1118 | 0.0100 | get 0.0050% / 4h | 1h 57m | $17.1M | $51.6M | 75x |
Hyperliquid POL
Binance POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$12.05
- Price spread: −0.214% → −0.067%
- −$14.78
- Slippage, 4 orders
- −$32.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.47
- Costs to cover
- 0.517%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago | 1.34 bp | 14.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.45 bp | 12.5 bp −$13 | 29.8 bp −$298 | 131.9 bp −$13.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −0.804% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −0.804% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1118 | −0.168% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0025% | 4h | 0.1118 | −0.205% | $11K | $205K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1117 | −0.252% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1119 | −0.099% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1118 | −0.162% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1118 | −0.187% | $310K | $558K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | −0.118% | $372K | $359K | 20x | as long as short |
| Binance POLUSDTshort | +0.0100% | 4h | 0.1118 | −0.214% | $17.1M | $51.6M | 75x |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Lighter POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1117 | −0.259% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1117 | −0.241% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1118 | −0.223% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1118 | −0.205% | $23.6M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1118 | −0.143% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | −0.098% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1118 | −0.196% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1116 | −0.326% | $660K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | −0.259% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | −0.179% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1117 | −0.237% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1116 | −0.357% | $41K | — | 3x | as long as short |
| Hyperliquid POLlong | +0.0157% | 1h | 0.1120 | long leg | $7.6M | $4.6M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1118 | −0.164% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1118 | −0.188% | $906K | $168K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT