Funding you earn now, next payment 00:00 UTC−0.0532%/8h= −58.3% APRnext payment −$0.67 per $10,000 · paid last 24h −0.024%
Price spread now: Polymarket Perps against Hyperliquid+0.032%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days+0.178%+$18 · spread now +0.032%, 7d avg −0.080%
=Together, before fees+0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.113% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.080%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.086% in total) that is about 9.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.67 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 | Hyperliquid WLD | 0.4630 | 0.0632 | pay 0.0079% / 1h | 50m 13s | $50.5M | $42.9M | 10x |
| Short | Polymarket Perps WLD-USD | 0.4631 | 0.0100 | get 0.0013% / 1h | 50m 13s | $43K | $1.6M | 10x |
Hyperliquid WLD
Polymarket Perps WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$111.74
- Price spread: +0.032% → −0.080%
- $11.26
- Slippage, 4 orders
- −$11.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$128.54
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago | 0.22 bp | 7.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 2.48 bp | 7.7 bp −$8 | 8.6 bp −$86 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0239% | 8h | 0.4620 | −0.212% | $42K | $3.8M | 1.7x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4631 | +0.035% | $165K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4623 | −0.147% | $109K | $881K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4623 | −0.143% | $57K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0011% | 8h | 0.4623 | −0.147% | $28K | $909K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0017% | 8h | 0.4620 | −0.212% | $7.1M | $10.9M | 50x | as long as short |
| Nado WLD-PERP | +0.0075% | 1h | 0.4627 | −0.050% | $279K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4625 | −0.096% | $196K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4634 | +0.083% | $53K | $481K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4624 | −0.125% | $87.6M | $298.8M | 75x | as long as short |
Kalshi KXWLDPERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
KuCoin WLDUSDTM
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4622 | −0.168% | $66.2M | $82.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4623 | −0.147% | $34.5M | $143.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4623 | −0.147% | $7.5M | $35.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4623 | −0.147% | $50.4M | $51.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4621 | −0.190% | $30.5M | $25.7M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4623 | −0.147% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4622 | −0.164% | $130K | $269K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4627 | −0.062% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4624 | −0.123% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4635 | +0.111% | $626K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4627 | −0.060% | $56K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USDshort | +0.0100% | 1h | 0.4631 | +0.032% | $43K | $1.6M | 10x | |
| SunX WLD-USDT | +0.0100% | 8h | 0.4628 | −0.039% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4621 | −0.190% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4624 | −0.125% | $873K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4620 | −0.212% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4620 | −0.220% | $237K | $859K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4625 | −0.104% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4632 | +0.058% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4625 | −0.106% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4639 | +0.199% | $4.9M | $831K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0261% / S −0.2221% | 1h | 0.4623 | −0.139% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4634 | +0.086% | $332 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4612 | −0.384% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4630 | +0.004% | $275K | $1.7M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0632% | 1h | 0.4630 | long leg | $50.5M | $42.9M | 10x | |
| Kraken Futures PF_WLDUSD | +0.0711% | 1h | 0.4623 | −0.155% | $920K | $2.6M | 50x | as long as short |
| Lighter WLD | +0.1656% | 1h | 0.4637 | +0.147% | $5.3M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD
Lighter WLD