Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.036%
Price spread now: Bitget against Hyperliquid−0.091%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$640.636% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.153%−$15 on $10k
Price spread, last 7 days+0.050%+$5 · spread now −0.091%, 7d avg −0.076%
Together, before fees−0.103%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid POL0.11020.0127pay 0.0016% / 1h6m 43s$7.5M$3.7M5x
ShortBitget POLUSDT0.11010.0100get 0.0050% / 4h6m 43s$4.1M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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

Funding earned
−$5.62
Price spread: −0.091% → −0.076%
−$1.44
Slippage, 4 orders
−$42.62
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$70.69
Costs to cover
0.636%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago0.91 bp18.2 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.27 bp14.6 bp −$1530.4 bp −$304doesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0520%1h0.1097−0.463%$202K$195K50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1101−0.141%$3Kas long as short
gTrade (Gains Network) POL/USDL +0.0004% / S −0.0007%1h0.1102−0.036%$24K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+0.808%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0042%4h0.1101−0.109%$11K$248K20xas long as short
Lighter POL+0.0096%1h0.1101−0.131%$280K$555K8xas long as short
Aster POLUSDT+0.0100%4h0.1101−0.111%$365K$271K20xas long as short
Binance POLUSDT+0.0100%4h0.1100−0.160%$17.0M$41.5M75xas long as short
Bybit POLUSDT+0.0100%4h0.1100−0.191%$15.8M$11.8M75xas long as short
OKX POL-USDT-SWAP+0.0100%4h0.1100−0.145%$5.7M$10.1M50xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate POL_USDT+0.0100%4h0.1100−0.209%$1.8M$1.3M75xas long as short
MEXC POL_USDT+0.0100%4h0.1101−0.127%$24.7M$3.6M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1102−0.036%$2.9M$975K50xas long as short
Bitget POLUSDTshort+0.0100%4h0.1101−0.091%$4.1M$4.6M50x
BingX POL-USDT+0.0100%4h0.1100−0.145%$7.2Mas long as short
Variational Omni POL+0.0100%4h0.1102−0.023%$610K$206Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1102+0.027%$1.1M$2.8M10xas long as short
ApeX Omni POLUSDT+0.0100%1h0.1103+0.082%$196K$638K50xas long as short
Extended POL-USD+0.0104%1h0.1100−0.188%$92K$454K10xas long as short
Aevo POL-PERP+0.0104%1h0.1100−0.206%$40K3xas long as short
dYdX POL-USD+0.0120%1h0.1102−0.028%$17K$2K5xas long as short
Hyperliquid POLlong+0.0127%1h0.1102long leg$7.5M$3.7M5x
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1102−0.052%$3K100xas long as short
Kraken Futures PF_POLUSD+0.0313%1h0.1102−0.036%$1.2M$1.2M50xas long as short
BloFin POL-USDT+0.0340%4h0.1101−0.100%$910K$169K75xas long as short