Funding you earn now, next payment 23:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.064%
Price spread now: Injective against Hyperliquid−1.280%93s7-day average −0.347% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.570%−$157 on $10k
+Price spread, last 3 days (all we have)−1.355%−$135 · spread now −1.280%, 7d avg −0.347%
=Together, before fees−2.925%+ Points / potential airdropHyperliquid: Season 2 · farm board−$292 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 0.932% cheaper against Hyperliquid than usual: you would sell low and buy high (−$93 if the spread goes back to its 7-day average of −0.347%). Swap the legs. The two prices were read 93 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 | 0.1125 | 0.0162 | pay 0.0020% / 1h | 41m 40s | $7.6M | $4.6M | 5x |
| Short | Injective POL/USDC PERP | 0.1111 | −0.0162 | pay 0.0020% / 1h | 41m 40s | $3K | $124K | 12x |
Hyperliquid POL
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$68.1
- Price spread: −1.280% → −0.347%
- −$93.21
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$170.33
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Injective: live order book, 62 min ago. 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, 11 min ago | 1.34 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 62 min ago | 67.72 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERPshort | −0.0162% | 1h | 0.1111 | −1.280% | $3K | $124K | 12x | |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −1.280% | $202K | $250K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1124 | −0.151% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0026% | 4h | 0.1123 | −0.213% | $11K | $202K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | −0.265% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1124 | −0.153% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1124 | −0.163% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1124 | −0.156% | $307K | $570K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1123 | −0.214% | $373K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1123 | −0.230% | $17.1M | $51.4M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1122 | −0.284% | $16.2M | $16.0M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1123 | −0.240% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1123 | −0.222% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | −0.204% | $23.7M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | −0.178% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1123 | −0.222% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1124 | −0.160% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1118 | −0.645% | $660K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | −0.426% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | −0.480% | $198K | $661K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1123 | −0.245% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1122 | −0.346% | $41K | — | 3x | as long as short |
| Hyperliquid POLlong | +0.0162% | 1h | 0.1125 | long leg | $7.6M | $4.6M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1123 | −0.170% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | −0.355% | $907K | $169K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT