Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%
Price spread now: Extended against Hyperliquid−0.216%7-day average −0.133% · 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−$60as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.216%, 7d avg −0.133%
=Together, before fees−0.217%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1098 | 0.0102 | pay 0.0013% / 1h | 34m 06s | $7.4M | $3.7M | 5x |
| Short | Extended POL-USD | 0.1096 | 0.0104 | get 0.0013% / 1h | 34m 06s | $91K | $450K | 10x |
Hyperliquid POL
Extended POL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.45
- Price spread: −0.216% → −0.133%
- −$8.24
- Slippage, 4 orders
- −$38.21
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$60.01
- Costs to cover
- 0.522%
- Break-even
- 946.3 days
Slippage from Hyperliquid: live order book, 8 min ago; Extended: live order book, 18 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, 8 min ago | 0.91 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 18 min ago | 0.95 bp | 15.3 bp −$15 | 161.4 bp −$1,614 | 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-INTX | −0.0512% | 1h | 0.1095 | −0.273% | $202K | $198K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0140% | 1h | 0.1097 | −0.129% | $1.2M | $1.2M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1097 | −0.080% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1098 | −0.009% | $17K | $2K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1097 | −0.094% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.184% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0043% | 4h | 0.1096 | −0.137% | $11K | $386K | 20x | as long as short |
| Gate POL_USDT | +0.0074% | 4h | 0.1096 | −0.155% | $1.8M | $1.4M | 75x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1097 | −0.128% | $279K | $540K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1097 | −0.062% | $364K | $247K | 20x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
Gate POL_USDT
Lighter POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.0100% | 4h | 0.1096 | −0.162% | $17.0M | $41.2M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1096 | −0.191% | $15.8M | $11.7M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1096 | −0.182% | $5.7M | $10.0M | 50x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1096 | −0.155% | $24.7M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1097 | −0.064% | $2.9M | $970K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1097 | −0.128% | $4.0M | $4.4M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1097 | −0.128% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1097 | −0.081% | $607K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1097 | −0.064% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1098 | 0.000% | $195K | $635K | 50x | as long as short |
| Hyperliquid POLlong | +0.0102% | 1h | 0.1098 | long leg | $7.4M | $3.7M | 5x | |
| Extended POL-USDshort | +0.0104% | 1h | 0.1096 | −0.216% | $91K | $450K | 10x | |
| Aevo POL-PERP | +0.0104% | 1h | 0.1095 | −0.228% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1097 | −0.091% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1097 | −0.109% | $908K | $164K | 75x | as long as short |
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
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT