Funding you earn now, next payment 23:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.110%
Price spread now: Hyperliquid against Orderly+0.206%55s7-day average +0.136% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.691%+$69 on $10k
+Price spread, last 3 days (all we have)+0.680%+$68 · spread now +0.206%, 7d avg +0.136%
=Together, before fees+1.371%+ Points / potential airdropHyperliquid: Season 2 · farm board+$137 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.070% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.136%. The two prices were read 55 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 | Orderly PERP_POL_USDC | 0.1118 | −0.0025 | get 0.0012% / 4h | 1h 57m | $11K | $205K | 20x |
| Short | Hyperliquid POL | 0.1120 | 0.0187 | get 0.0023% / 1h | 57m 24s | $7.6M | $4.6M | 5x |
Orderly PERP_POL_USDC
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $44.51
- Price spread: +0.206% → +0.136%
- $7.01
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $36.53
- Costs to cover
- 0.150%
- Break-even
- 1.3 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 1.34 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.0162% | 1h | 0.1111 | −0.599% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1111 | −0.599% | $202K | $253K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1118 | +0.038% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDClong | −0.0025% | 4h | 0.1118 | long leg | $11K | $205K | 20x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1118 | +0.020% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1119 | +0.106% | $17K | $3K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1119 | +0.097% | $22K | — | 150x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1118 | +0.021% | $310K | $558K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1119 | +0.086% | $372K | $359K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1118 | −0.002% | $17.1M | $51.5M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
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 | 0.1117 | −0.063% | $16.1M | $16.2M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1117 | −0.045% | $5.8M | $12.1M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1117 | −0.027% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1118 | 0.000% | $23.6M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1118 | +0.063% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1118 | −0.009% | $4.2M | $5.9M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1118 | +0.009% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1116 | −0.121% | $660K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1117 | −0.054% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1118 | +0.027% | $198K | $662K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1117 | −0.026% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1116 | −0.152% | $41K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0187% | 1h | 0.1120 | +0.206% | $7.6M | $4.6M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1119 | +0.099% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1118 | +0.018% | $906K | $168K | 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