Funding you earn now, next payment 23:00 UTC−0.0308%/8h= −33.8% APRnext payment −$0.39 per $10,000 · paid last 24h −0.144%
Price spread now: Kraken Futures against Hyperliquid−0.135%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days−0.421%−$42 on $10k
+Price spread, last 3 days (all we have)−0.602%−$60 · spread now −0.135%, 7d avg −0.046%
=Together, before fees−1.024%+ Points / potential airdropHyperliquid: Season 2 · farm board−$102 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1124 | 0.0237 | pay 0.0030% / 1h | 54m 53s | $7.6M | $4.6M | 5x |
| Short | Kraken Futures PF_POLUSD | 0.1123 | −0.0071 | pay 0.0009% / 1h | 54m 53s | $1.2M | $1.8M | 50x |
Hyperliquid POL
Kraken Futures PF_POLUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$64.73
- Price spread: −0.135% → −0.046%
- −$8.87
- Slippage, 4 orders
- −$45.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$137.89
- Costs to cover
- 0.643%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Kraken Futures: live order book, 4 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, 7 min ago | 1.34 bp | 14.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.94 bp | 22.4 bp −$22 | 51.0 bp −$510 | 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 PERP | −0.0162% | 1h | 0.1111 | −1.170% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −1.170% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSDshort | −0.0071% | 1h | 0.1123 | −0.135% | $1.2M | $1.8M | 50x | |
| Orderly PERP_POL_USDC | −0.0025% | 4h | 0.1122 | −0.218% | $11K | $204K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | −0.202% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1121 | −0.298% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1122 | −0.155% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1122 | −0.189% | $311K | $558K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | −0.218% | $373K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1122 | −0.202% | $17.1M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
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 | 0.1121 | −0.271% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1122 | −0.227% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1121 | −0.280% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | −0.254% | $23.7M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1122 | −0.156% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1122 | −0.209% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1121 | −0.262% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1120 | −0.355% | $661K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1120 | −0.407% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1119 | −0.458% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1122 | −0.217% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1120 | −0.325% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1122 | −0.149% | $3K | — | 100x | as long as short |
| Hyperliquid POLlong | +0.0237% | 1h | 0.1124 | long leg | $7.6M | $4.6M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | −0.396% | $904K | $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