Funding you earn now, next payment 09:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.050%
Price spread now: Hyperliquid against ApeX Omni+0.418%65s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.782% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.428%−$43 · spread now +0.418%, 7d avg +0.094%
=Together, before fees−0.323%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 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 0.324% dearer against ApeX Omni than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.094%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni POLUSDT | 0.1101 | −0.0012 | get 0.0002% / 1h | 14m 33s | $156K | $661K | 50x |
| Short | Hyperliquid POL | 0.1106 | 0.0100 | get 0.0013% / 1h | 14m 33s | $7.5M | $3.7M | 5x |
ApeX Omni POLUSDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. 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
- $23.54
- Price spread: +0.418% → +0.094%
- $32.41
- Slippage, 4 orders
- −$59.15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$22.21
- Costs to cover
- 0.782%
- Break-even
- 13.6 days
Slippage from ApeX Omni: live order book, 19 min ago; Hyperliquid: live order book, 8 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 ApeX Omni live order book, 19 min ago | 13.72 bp | 23.2 bp −$23 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.91 bp | 15.9 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0600% | 1h | 0.1100 | −0.091% | $200K | $181K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0470% | 1h | 0.1104 | +0.304% | $1.2M | $995K | 50x | as long as short |
| Gate POL_USDT | −0.0216% | 4h | 0.1103 | +0.182% | $1.8M | $1.2M | 75x | as long as short |
| Orderly PERP_POL_USDC | −0.0116% | 4h | 0.1103 | +0.200% | $11K | $2.4M | 20x | as long as short |
| GRVT POL_USDT_Perp | −0.0082% | 4h | 0.1099 | −0.199% | $1.1M | $2.9M | 10x | as long as short |
| OKX POL-USDT-SWAP | −0.0074% | 4h | 0.1104 | +0.300% | $5.7M | $9.2M | 50x | as long as short |
| Bybit POLUSDT | −0.0023% | 4h | 0.1103 | +0.209% | $15.9M | $9.3M | 75x | as long as short |
| ApeX Omni POLUSDTlong | −0.0012% | 1h | 0.1101 | long leg | $156K | $661K | 50x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1103 | +0.156% | $3K | — | — | as long as short |
| Extended POL-USD | 0.0000% | 1h | 0.1104 | +0.292% | $92K | $521K | 10x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Gate POL_USDT
Orderly PERP_POL_USDC
GRVT POL_USDT_Perp
OKX POL-USDT-SWAP
Bybit POLUSDT
Reya POLRUSDPERP
Extended POL-USDShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC POL_USDT | 0.0000% | 4h | 0.1104 | +0.282% | $25.4M | $3.4M | 125x | as long as short |
| BloFin POL-USDT | 0.0000% | 4h | 0.1103 | +0.209% | $900K | $146K | 75x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1104 | +0.277% | $9K | — | 150x | as long as short |
| Binance POLUSDT | +0.0004% | 4h | 0.1104 | +0.273% | $16.8M | $35.1M | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.908% | $3K | $124K | 12x | as long as short |
| Aevo POL-PERP | +0.0080% | 1h | 0.1103 | +0.182% | $40K | — | 3x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1104 | +0.291% | $273K | $544K | 8x | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1101 | +0.017% | $609K | $167K | — | as long as short |
| Hyperliquid POLshort | +0.0100% | 1h | 0.1106 | +0.418% | $7.5M | $3.7M | 5x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1104 | +0.236% | $366K | $172K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1104 | +0.263% | $2.9M | $833K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1104 | +0.245% | $4.1M | $3.7M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1104 | +0.282% | — | $7.1M | — | as long as short |
| dYdX POL-USD | +0.0139% | 1h | 0.1104 | +0.312% | $23K | $8K | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0164% / S −0.0294% | 1h | 0.1104 | +0.294% | $3K | — | 100x | as long as short |
MEXC POL_USDT
BloFin POL-USDT
gTrade (Gains Network) POL/USD
Binance POLUSDT
Injective POL/USDC PERP
Aevo POL-PERP
Lighter POL
Variational Omni POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
dYdX POL-USD
GMX POL/USD [ETH-USDC]