POL

Alert

Funding spread now, next payment 15:00 UTC−0.0431%/8h

paid, last 24h−0.017%paid, last 7 days−0.133%to open and close $10k−$67

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment. 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	Hyperliquid POL	0.1131	0.0527	pay 0.0066% / 1h	59m 42s	$6.5M	$4.4M	5x
Short	Bybit POLUSDT	0.1128	0.0095	get 0.0048% / 4h	1h 59m	$16.2M	$16.7M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersRate

Funding earned: −$90.58
Slippage, 4 orders: −$46.83
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.41
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Bybit: live order book, just now.

Price risk

price view

Price gap now: −0.252%
Avg gap 7d: −0.081%

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 Hyperliquid live order book, 4 min ago	3.08 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	1.77 bp	18.8 bp −$19	41.5 bp −$415	doesn't fit	doesn't fit

POL on 24 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International POL-PERP-INTX	−0.0768%	1h	$254K	$235K	50x	as long as short
Orderly PERP_POL_USDC	−0.0164%	4h	$11K	$292K	20x	as long as short
Kraken Futures PF_POLUSD	−0.0041%	1h	$1.3M	$1.7M	50x	as long as short
ApeX Omni POLUSDT	−0.0013%	1h	$201K	$638K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	$3K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0006%	1h	$22K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	$3K	$220K	12x	as long as short
Gate POL_USDT	+0.0050%	4h	$1.9M	$1.5M	75x	as long as short
Bybit POLUSDTshort	+0.0095%	4h	$16.2M	$16.7M	75x
Lighter POL	+0.0096%	1h	$347K	$456K	8x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	$403K	$530K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	$17.5M	$53.3M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	$5.8M	$12.3M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	$22.9M	$3.7M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	$3.3M	$1.1M	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	$4.2M	$5.9M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	$708K	$283K	—	as long as short
Extended POL-USD	+0.0104%	1h	$118K	$424K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	$41K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0212% / S −0.0620%	1h	$3K	—	100x	as long as short
dYdX POL-USD	+0.0327%	1h	$17K	$6K	5x	as long as short
BloFin POL-USDT	+0.0340%	4h	$942K	$173K	75x	as long as short
Hyperliquid POLlong	+0.0527%	1h	$6.5M	$4.4M	5x