POL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0506%/8h= +55.4% APRnext payment +$0.63 per $10,000 · paid last 24h +0.137%

Price spread now: GMX against Hyperliquid−0.114%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.114% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POL	0.1124	0.0100	pay 0.0013% / 1h	17m 45s	$7.6M	$4.6M	5x
Short	GMX POL/USD [ETH-USDC]	0.1122	L +0.0211% / S −0.0606%	get 0.0076% / 1h	17m 45s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $106.32
Price spread: −0.114% → 0.000%: −$11.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $73.92
Costs to cover: 0.210%
Break-even: 2.1 days

Slippage unknown: Hyperliquid: live order book, 4 min ago; GMX: 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, 4 min ago	0.89 bp	21.3 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0080%	1h	0.1111	−1.130%	$202K	$254K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0071%	1h	0.1123	−0.104%	$1.2M	$1.8M	50x	as long as short
Orderly PERP_POL_USDC	−0.0027%	4h	0.1122	−0.187%	$11K	$206K	20x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1121	−0.201%	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	0.1123	−0.095%	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	−1.130%	$3K	$124K	12x	as long as short
dYdX POL-USD	+0.0045%	1h	0.1122	−0.156%	$17K	$3K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1122	−0.163%	$311K	$562K	8x	as long as short
Hyperliquid POLlong	+0.0100%	1h	0.1124	long leg	$7.6M	$4.6M	5x
Aster POLUSDT	+0.0100%	4h	0.1122	−0.143%	$373K	$383K	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	0.1121	−0.196%	$17.1M	$51.8M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1121	−0.231%	$16.1M	$16.5M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1121	−0.196%	$5.8M	$12.2M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1121	−0.205%	$1.9M	$1.4M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1121	−0.214%	$23.7M	$4.0M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1123	−0.107%	$2.8M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1122	−0.187%	$4.2M	$6.0M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1122	−0.169%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1121	−0.250%	$662K	$211K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1120	−0.311%	$1.1M	$3.4M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1122	−0.151%	$199K	$663K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1121	−0.226%	$93K	$427K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1120	−0.285%	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]short	L +0.0211% / S −0.0606%	1h	0.1122	−0.114%	$3K	—	100x
BloFin POL-USDT	+0.0340%	4h	0.1122	−0.187%	$902K	$169K	75x	as long as short