Funding you earn now, next payment 01:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.042%
Price spread now: Hyperliquid against OKX+0.312%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 7 days−0.298%−$30 · spread now +0.312%, 7d avg +0.077%
=Together, before fees+0.003%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.235% dearer against OKX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1121 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $5.8M | $10.5M | 50x |
| Short | Hyperliquid POL | 0.1124 | 0.0193 | get 0.0024% / 1h | 8m 23s | $7.6M | $3.9M | 5x |
OKX POL-USDT-SWAP
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $19.48
- Price spread: +0.312% → +0.077%
- $23.51
- Slippage, 4 orders
- −$37.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.24
- Costs to cover
- 0.562%
- Break-even
- 11.8 days
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 4 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 OKX live order book, 5 min ago | 1.78 bp | 15.2 bp −$15 | 60.0 bp −$600 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.44 bp | 10.9 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1123 | +0.177% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1116 | −0.419% | $204K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1122 | +0.074% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1123 | +0.166% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0016% | 1h | 0.1124 | +0.252% | $17K | $4K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0026% | 4h | 0.1122 | +0.107% | $11K | $160K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.866% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1123 | +0.202% | $290K | $593K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1122 | +0.112% | $373K | $303K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1122 | +0.080% | $17.2M | $44.0M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
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 | 0.1121 | +0.062% | $16.1M | $12.9M | 75x | as long as short |
| OKX POL-USDT-SWAPlong | +0.0100% | 4h | 0.1121 | long leg | $5.8M | $10.5M | 50x | |
| Gate POL_USDT | +0.0100% | 4h | 0.1122 | +0.107% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1122 | +0.098% | $24.3M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1123 | +0.196% | $3.0M | $972K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1123 | +0.187% | $4.2M | $4.8M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1122 | +0.098% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1121 | +0.068% | $621K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1125 | +0.366% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1123 | +0.205% | $199K | $647K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | +0.056% | $94K | $449K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1120 | −0.062% | $41K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0193% | 1h | 0.1124 | +0.312% | $7.6M | $3.9M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1122 | +0.153% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1123 | +0.241% | $912K | $157K | 75x | as long as short |
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT