POL

Alert

Funding spread now, next payment 17:00 UTC+0.0949%/8h

next payment, per $10,000+$1.19paid, last 24h+0.038%paid, last 3 days+0.208%to open and closeno order book

Long on gTrade (Gains Network)Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.208% in total (about 26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) POL/USD	0.1123	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	22m 57s	$21K	—	150x
Short	Hyperliquid POL	0.1124	0.0953	get 0.0119% / 1h	22m 57s	$7.5M	$5.2M	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee HyperliquidbpOrdersRate

Funding earned: $199.28
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $180.28
Break-even: 0.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.153%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	0.44 bp	4.9 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit

gTrade (Gains Network): 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 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTX	−0.0344%	1h	$230K	$242K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0208%	1h	$1.2M	$1.7M	50x	as long as short
Orderly PERP_POL_USDC	−0.0117%	4h	$11K	$253K	20x	as long as short
Gate POL_USDT	−0.0032%	4h	$1.9M	$1.5M	75x	as long as short
OKX POL-USDT-SWAP	−0.0027%	4h	$5.8M	$12.6M	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	$3K	—	—	as long as short
gTrade (Gains Network) POL/USDlong	L +0.0004% / S −0.0006%	1h	$21K	—	150x
Injective POL/USDC PERP	+0.0033%	1h	$3K	$137K	12x	as long as short
Lighter POL	+0.0096%	1h	$331K	$538K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	$379K	$530K	20x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance POLUSDT	+0.0100%	4h	$17.2M	$54.3M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	$16.1M	$17.0M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	$23.2M	$4.3M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	$3.2M	$1.0M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	$4.2M	$6.1M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	$671K	$318K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	$199K	$648K	50x	as long as short
Extended POL-USD	+0.0104%	1h	$94K	$450K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	$41K	—	3x	as long as short
dYdX POL-USD	+0.0175%	1h	$17K	$3K	5x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0215% / S −0.0699%	1h	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	$929K	$184K	75x	as long as short
Hyperliquid POLshort	+0.0953%	1h	$7.5M	$5.2M	5x