Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.138%
Price spread now: dYdX against Hyperliquid−0.175%55s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.175% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1092 | 0.0100 | pay 0.0013% / 1h | 43m 53s | $7.4M | $3.7M | 5x |
| Short | dYdX POL-USD | 0.1091 | 0 | get 0.0000% / 1h | 43m 53s | $18K | $4K | 5x |
Hyperliquid POL
dYdX POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: −0.175% → 0.000%
- −$17.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$57.46
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; dYdX: no order-book sample. 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 Hyperliquid live order book, 8 min ago | 0.46 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0480% | 1h | 0.1089 | −0.320% | $201K | $199K | 50x | as long as short |
| Gate POL_USDT | −0.0270% | 4h | 0.1090 | −0.256% | $1.8M | $1.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1092 | −0.070% | $1.2M | $1.0M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1091 | −0.135% | $2K | — | — | as long as short |
| dYdX POL-USDshort | 0.0000% | 1h | 0.1091 | −0.175% | $18K | $4K | 5x | |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0001% | 1h | 0.1092 | −0.067% | $12K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.693% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0039% | 4h | 0.1091 | −0.128% | $11K | $811K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1091 | −0.131% | $278K | $541K | 8x | as long as short |
| Hyperliquid POLlong | +0.0100% | 1h | 0.1092 | long leg | $7.4M | $3.7M | 5x |
Coinbase International POL-PERP-INTX
Gate POL_USDT
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Lighter POLShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster POLUSDT | +0.0100% | 4h | 0.1091 | −0.126% | $362K | $242K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1091 | −0.154% | $16.7M | $38.6M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1090 | −0.183% | $15.7M | $10.6M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1091 | −0.156% | $5.6M | $9.4M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1091 | −0.146% | $24.6M | $3.2M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1092 | −0.073% | $2.9M | $939K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1091 | −0.092% | $4.0M | $4.1M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1091 | −0.156% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1089 | −0.297% | $603K | $166K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1091 | −0.137% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1091 | −0.137% | $194K | $632K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1091 | −0.146% | $91K | $276K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1090 | −0.275% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1092 | −0.060% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1090 | −0.256% | $898K | $160K | 75x | as long as short |
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAP
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