POL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.53 per $10,000 · paid last 24h −0.209%

Price spread now: Coinbase International against Hyperliquid−0.106%7-day average −0.490% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.614%−$61 on $10k

Price spread, last 3 days (all we have)−1.131%−$113 · spread now −0.106%, 7d avg −0.490%

Together, before fees−1.745%+ Points / potential airdropHyperliquid: Season 2 · farm board−$174 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.384% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.106% now, against its 7-day average of −0.490%): +$38 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POL	0.1120	0.0292	pay 0.0037% / 1h	36m 37s	$7.6M	$4.0M	5x
Short	Coinbase International POL-PERP-INTX	0.1119	−0.0128	pay 0.0016% / 1h	36m 37s	$205K	$225K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$88.23
Price spread: −0.106% → −0.490%: $38.4
Slippage, 4 orders: −$63.05
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$131.88
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 41 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, 6 min ago	0.89 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 41 min ago	8.88 bp	37.3 bp −$37	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-INTXshort	−0.0128%	1h	0.1119	−0.106%	$205K	$225K	50x
Kraken Futures PF_POLUSD	−0.0072%	1h	0.1120	−0.024%	$1.2M	$1.8M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1118	−0.230%	$3K	—	—	as long as short
dYdX POL-USD	+0.0002%	1h	0.1120	−0.020%	$17K	$3K	5x	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1120	−0.025%	$24K	—	150x	as long as short
Orderly PERP_POL_USDC	+0.0007%	4h	0.1119	−0.097%	$11K	$190K	20x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−0.820%	$3K	$124K	12x	as long as short
Lighter POL	+0.0096%	1h	0.1119	−0.135%	$298K	$572K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1119	−0.068%	$372K	$353K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1118	−0.177%	$17.2M	$50.4M	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	0.1118	−0.240%	$16.1M	$15.4M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1118	−0.187%	$5.8M	$11.8M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1119	−0.097%	$1.9M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1118	−0.169%	$24.3M	$3.8M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1118	−0.178%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1118	−0.160%	$4.2M	$5.5M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1118	−0.187%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1121	+0.055%	$662K	$189K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1122	+0.144%	$1.1M	$3.2M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	+0.162%	$199K	$656K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1118	−0.192%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1118	−0.240%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0216% / S −0.0750%	1h	0.1120	−0.037%	$3K	—	100x	as long as short
Hyperliquid POLlong	+0.0292%	1h	0.1120	long leg	$7.6M	$4.0M	5x
BloFin POL-USDT	+0.0340%	4h	0.1119	−0.079%	$913K	$169K	75x	as long as short