POL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.171%

Price spread now: dYdX against Hyperliquid−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. dYdX is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POL	0.1094	0.0181	pay 0.0023% / 1h	42m 53s	$7.4M	$3.7M	5x
Short	dYdX POL-USD	0.1094	0.0231	get 0.0029% / 1h	42m 53s	$17K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $10.44
Price spread: −0.037% → 0.000%: −$3.72
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$12.28
Costs to cover: 0.190%
Break-even: 15.2 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; dYdX: no order-book sample. 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 Hyperliquid live order book, 9 min ago	1.36 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Coinbase International POL-PERP-INTX	−0.0520%	1h	0.1091	−0.293%	$201K	$195K	50x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1092	−0.210%	$2K	—	—	as long as short
gTrade (Gains Network) POL/USD	L +0.0004% / S −0.0007%	1h	0.1093	−0.133%	$24K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.534%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1092	−0.193%	$11K	$263K	20x	as long as short
ApeX Omni POLUSDT	+0.0086%	1h	0.1093	−0.111%	$194K	$633K	50x	as long as short
Lighter POL	+0.0096%	1h	0.1093	−0.153%	$278K	$554K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	0.1092	−0.174%	$363K	$271K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1092	−0.206%	$16.9M	$42.1M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1092	−0.202%	$15.7M	$11.8M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX POL-USDT-SWAP	+0.0100%	4h	0.1093	−0.147%	$5.6M	$10.0M	50x	as long as short
Gate POL_USDT	+0.0100%	4h	0.1092	−0.220%	$1.8M	$1.3M	75x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1092	−0.156%	$24.3M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1093	−0.111%	$2.9M	$976K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1092	−0.202%	$4.1M	$4.7M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	0.1092	−0.211%	—	$7.2M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1092	−0.230%	$604K	$209K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.131%	$1.1M	$2.7M	10x	as long as short
Extended POL-USD	+0.0104%	1h	0.1092	−0.169%	$94K	$453K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.339%	$40K	—	3x	as long as short
Hyperliquid POLlong	+0.0181%	1h	0.1094	long leg	$7.4M	$3.7M	5x
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1093	−0.147%	$3K	—	100x	as long as short
dYdX POL-USDshort	+0.0231%	1h	0.1094	−0.037%	$17K	$2K	5x
Kraken Futures PF_POLUSD	+0.0316%	1h	0.1093	−0.129%	$1.2M	$1.2M	50x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1092	−0.165%	$907K	$166K	75x	as long as short