Funding you earn now, next payment 03:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.067%
Price spread now: Reya against Hyperliquid−0.226%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 · Reya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.226% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1103 | 0.0224 | pay 0.0028% / 1h | 44m 08s | $7.4M | $3.7M | 5x |
| Short | Reya POLRUSDPERP | 0.1101 | −0.0006 | pay 0.0001% / 1h | 44m 08s | $3K | — | — |
Hyperliquid POL
Reya POLRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$48.35
- Price spread: −0.226% → 0.000%
- −$22.61
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$85.96
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Reya: 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 | 1.81 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0464% | 1h | 0.1098 | −0.477% | $202K | $201K | 50x | as long as short |
| ApeX Omni POLUSDT | −0.0133% | 1h | 0.1101 | −0.205% | $195K | $635K | 50x | as long as short |
| Reya POLRUSDPERPshort | −0.0006% | 1h | 0.1101 | −0.226% | $3K | — | — | |
| dYdX POL-USD | 0.0000% | 1h | 0.1101 | −0.192% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1101 | −0.164% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.702% | $3K | $124K | 12x | as long as short |
| Orderly PERP_POL_USDC | +0.0044% | 4h | 0.1101 | −0.223% | $11K | $299K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1101 | −0.175% | $284K | $564K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1101 | −0.160% | $366K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1101 | −0.187% | $17.1M | $42.2M | 75x | as long as short |
Coinbase International POL-PERP-INTX
ApeX Omni POLUSDT
dYdX POL-USD
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
Orderly PERP_POL_USDC
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 | 0.1101 | −0.223% | $15.9M | $11.9M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1101 | −0.196% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.223% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1101 | −0.187% | $23.8M | $3.5M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1101 | −0.178% | $2.9M | $968K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1101 | −0.160% | $4.2M | $4.7M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1101 | −0.223% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1100 | −0.254% | $609K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1100 | −0.262% | $1.1M | $2.7M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.242% | $92K | $448K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1099 | −0.372% | $40K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1101 | −0.187% | $3K | — | 100x | as long as short |
| Hyperliquid POLlong | +0.0224% | 1h | 0.1103 | long leg | $7.4M | $3.7M | 5x | |
| Kraken Futures PF_POLUSD | +0.0260% | 1h | 0.1102 | −0.116% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1101 | −0.187% | $911K | $161K | 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
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT