POL

Alert

Funding spread now, next payment 13:00 UTC+0.1479%/8h

next payment, per $10,000+$1.85paid, last 24h+0.124%paid, last 7 days+0.377%to open and close $10k−$77

Long on Kraken Futures Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.377% in total (about 19.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 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	Kraken Futures PF_POLUSD	0.1131	−0.0392	get 0.0049% / 1h	32m 38s	$1.3M	$1.6M	50x
Short	Hyperliquid POL	0.1130	0.1087	get 0.0136% / 1h	32m 38s	$6.1M	$4.0M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersRate

Funding earned: $310.61
Slippage, 4 orders: −$58.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $233.4
Break-even: 1.7 days

Slippage from Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 11 min ago.

Price risk

price view

Price gap now: −0.015%
Avg gap 7d: +0.038%

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 Kraken Futures live order book, 2 min ago	4.82 bp	14.1 bp −$14	40.7 bp −$407	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	4.40 bp	16.4 bp −$16	doesn't fit	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	−0.0784%	1h	$264K	$219K	50x	as long as short
Kraken Futures PF_POLUSDlong	−0.0392%	1h	$1.3M	$1.6M	50x
Orderly PERP_POL_USDC	−0.0173%	4h	$11K	$304K	20x	as long as short
Gate POL_USDT	−0.0156%	4h	$1.9M	$1.3M	75x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	$3K	—	—	as long as short
dYdX POL-USD	0.0000%	1h	$17K	$6K	5x	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
Binance POLUSDT	+0.0087%	4h	$17.7M	$51.2M	75x	as long as short
Extended POL-USD	+0.0088%	1h	$123K	$411K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC POL_USDT	+0.0088%	4h	$22.4M	$3.3M	125x	as long as short
Lighter POL	+0.0096%	1h	$343K	$325K	8x	as long as short
Aster POLUSDT	+0.0100%	4h	$403K	$527K	20x	as long as short
Bybit POLUSDT	+0.0100%	4h	$16.2M	$15.8M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	$5.8M	$11.8M	50x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	$3.3M	$997K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	$4.4M	$5.6M	50x	as long as short
BingX POL-USDT	+0.0100%	4h	—	$7.1M	—	as long as short
Variational Omni POL	+0.0100%	4h	$769K	$256K	—	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	$202K	$628K	50x	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
BloFin POL-USDT	+0.0329%	4h	$947K	$172K	75x	as long as short
Hyperliquid POLshort	+0.1087%	1h	$6.1M	$4.0M	5x