Funding you earn now, next payment 23:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.028%
Price spread now: Bitget against Hyperliquid−0.204%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$570.574% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.204%, 7d avg −0.073%
=Together, before fees+0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.131% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1126 | 0.0234 | pay 0.0029% / 1h | 11m 48s | $7.6M | $4.6M | 5x |
| Short | Bitget POLUSDT | 0.1124 | 0.0100 | get 0.0050% / 4h | 1h 11m | $4.2M | $5.8M | 50x |
Hyperliquid POL
Bitget POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$28.16
- Price spread: −0.204% → −0.073%
- −$13.15
- Slippage, 4 orders
- −$36.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.73
- Costs to cover
- 0.574%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bitget: live order book, 1 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, 10 min ago | 0.88 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.12 bp | 18.0 bp −$18 | 28.6 bp −$286 | 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 | −1.315% | $3K | $124K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1122 | −0.338% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1124 | −0.143% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0012% | 4h | 0.1123 | −0.231% | $11K | $197K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1123 | −0.240% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1124 | −0.163% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0014% | 1h | 0.1124 | −0.161% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1124 | −0.181% | $300K | $577K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1124 | −0.199% | $376K | $360K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1124 | −0.204% | $17.4M | $51.1M | 75x | as long as short |
Injective POL/USDC PERP
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX 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 | 0.1123 | −0.275% | $16.2M | $15.6M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1123 | −0.231% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1124 | −0.169% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1123 | −0.231% | $23.7M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | −0.213% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDTshort | +0.0100% | 4h | 0.1124 | −0.204% | $4.2M | $5.8M | 50x | |
| BingX POL-USDT | +0.0100% | 4h | 0.1123 | −0.231% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1125 | −0.092% | $664K | $193K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1126 | −0.021% | $1.1M | $3.3M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1125 | −0.071% | $199K | $659K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1123 | −0.254% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1123 | −0.293% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1124 | −0.162% | $3K | — | 100x | as long as short |
| Hyperliquid POLlong | +0.0234% | 1h | 0.1126 | long leg | $7.6M | $4.6M | 5x | |
| BloFin POL-USDT | +0.0340% | 4h | 0.1125 | −0.044% | $915K | $170K | 75x | as long as short |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
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