Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.1% APRpaid last 24h +0.043%
Price spread now: Hyperliquid against MEXC+0.161%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.292%+$29 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.161%, 7d avg +0.072%
=Together, before fees+0.180%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.089% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC POL_USDT | 0.1120 | 0.0100 | pay 0.0050% / 4h | 11m 50s | $24.3M | $3.9M | 125x |
| Short | Hyperliquid POL | 0.1122 | 0.0228 | get 0.0029% / 1h | 11m 50s | $7.6M | $3.9M | 5x |
MEXC POL_USDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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
- $26.95
- Price spread: +0.161% → +0.072%
- $8.86
- Slippage, 4 orders
- −$21.6
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.21
- Costs to cover
- 0.306%
- Break-even
- 5.6 days
Slippage from MEXC: live order book, 2 min ago; Hyperliquid: live order book, 10 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 MEXC live order book, 2 min ago | 0.45 bp | 2.5 bp −$2 | 12.4 bp −$124 | 76.2 bp −$7,618 | 145.5 bp −$72.7K |
| Sell Hyperliquid live order book, 10 min ago | 0.44 bp | 9.7 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1121 | +0.062% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.052% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | +0.004% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1121 | +0.106% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0012% | 4h | 0.1120 | +0.009% | $11K | $186K | 20x | as long as short |
| dYdX POL-USD | +0.0015% | 1h | 0.1122 | +0.161% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.830% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.037% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.146% | $373K | $353K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1120 | +0.018% | $17.3M | $49.8M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
dYdX POL-USD
Injective POL/USDC PERP
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 | 0.1120 | −0.036% | $16.2M | $15.1M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | −0.080% | $5.8M | $11.7M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.009% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDTlong | +0.0100% | 4h | 0.1120 | long leg | $24.3M | $3.9M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1122 | +0.143% | $2.9M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1121 | +0.036% | $4.2M | $5.3M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1120 | +0.018% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1123 | +0.200% | $662K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1124 | +0.288% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1123 | +0.241% | $198K | $650K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | −0.002% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.097% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1121 | +0.088% | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.0228% | 1h | 0.1122 | +0.161% | $7.6M | $3.9M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1121 | +0.107% | $909K | $163K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT