Funding you earn now, next payment 23:00 UTC+0.0511%/8h= +55.9% APRnext payment +$0.64 per $10,000 · paid last 24h +0.068%
Price spread now: Hyperliquid against Polymarket Perps−0.009%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−0.252%−$25 · spread now −0.009%, 7d avg +0.014%
=Together, before fees−0.231%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.014%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.021% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.64 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 | Polymarket Perps AVAX-USD | 11.262 | 0.0100 | pay 0.0013% / 1h | 30m 44s | $134K | $459K | 10x |
| Short | Hyperliquid AVAX | 11.261 | 0.0611 | get 0.0076% / 1h | 30m 44s | $43.6M | $57.2M | 10x |
Polymarket Perps AVAX-USD
Hyperliquid AVAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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
- $107.21
- Price spread: −0.009% → +0.014%
- −$2.3
- Slippage, 4 orders
- −$9.04
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $78.87
- Costs to cover
- 0.260%
- Break-even
- 1.9 days
Slippage from Polymarket Perps: live order book, 52 min ago; Hyperliquid: 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 Polymarket Perps live order book, 52 min ago | 2.21 bp | 6.2 bp −$6 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.44 bp | 5.8 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
AVAX on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.0570% | 1h | 11.210 | −0.462% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0195% | 1h | 11.242 | −0.178% | $5.3M | $9.2M | 25x | as long as short |
| Variational Omni AVAX | −0.0025% | 8h | 11.253 | −0.078% | $3.0M | $2.4M | — | as long as short |
| Nado AVAX-PERP | −0.0016% | 1h | 11.260 | −0.018% | $297K | $896K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.251 | −0.101% | $99K | $107K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.255 | −0.059% | $16K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.247 | −0.135% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.260 | −0.018% | $16K | $693K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0099% | 8h | 11.237 | −0.222% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.246 | −0.144% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Variational Omni AVAX
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.247 | −0.133% | $299K | $120K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.244 | −0.157% | $120.2M | $527.0M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.242 | −0.178% | $88.8M | $157.6M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.238 | −0.213% | $20.2M | $146.3M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.249 | −0.115% | $12.6M | $40.2M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.242 | −0.178% | $52.1M | $100.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.246 | −0.142% | $16.4M | $24.6M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.242 | −0.178% | $34.2M | $60.4M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.242 | −0.178% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.247 | −0.133% | $360K | $571K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.261 | −0.008% | $360K | $898K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.282 | +0.178% | $181K | $685K | 50x | as long as short |
| Polymarket Perps AVAX-USDlong | +0.0100% | 1h | 11.262 | long leg | $134K | $459K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.255 | −0.062% | $202K | $301K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.290 | +0.252% | $12K | $730K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.244 | −0.160% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.272 | +0.086% | $362K | $1.1M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.249 | −0.115% | $30.3M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.246 | −0.146% | $673K | $2.2M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.247 | −0.136% | $258K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0192% | 1h | 11.276 | +0.124% | $910K | $8.3M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.243 | −0.169% | $5.0M | $8.0M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.259 | −0.030% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0403% / S −0.0247% | 1h | 11.257 | −0.048% | $237K | — | 120x | as long as short |
| Hyperliquid AVAXshort | +0.0611% | 1h | 11.261 | −0.009% | $43.6M | $57.2M | 10x | |
| Kraken Futures PF_AVAXUSD | +0.0629% | 1h | 11.251 | −0.094% | $4.6M | $13.5M | 50x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]
Kraken Futures PF_AVAXUSD