Funding you earn now, next payment 00:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against Binance+0.213%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 7 days−0.184%−$18 · spread now +0.213%, 7d avg +0.068%
=Together, before fees+0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.145% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POLUSDT | 0.1127 | 0.0100 | pay 0.0050% / 4h | 55m 30s | $17.4M | $50.7M | 75x |
| Short | Hyperliquid POL | 0.1130 | 0.0385 | get 0.0048% / 1h | 55m 30s | $7.7M | $4.0M | 5x |
Binance POLUSDT
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $59.76
- Price spread: +0.213% → +0.068%
- $14.52
- Slippage, 4 orders
- −$28.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $27.22
- Costs to cover
- 0.471%
- Break-even
- 3.8 days
Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Binance live order book, 2 min ago | 0.44 bp | 9.9 bp −$10 | 24.4 bp −$244 | 188.8 bp −$18.9K | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.89 bp | 11.9 bp −$12 | 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 | −0.0128% | 1h | 0.1122 | −0.479% | $205K | $236K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1128 | +0.048% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1127 | −0.006% | $3K | — | — | as long as short |
| Orderly PERP_POL_USDC | −0.0005% | 4h | 0.1127 | −0.062% | $11K | $194K | 20x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1127 | −0.013% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1127 | −0.024% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −1.455% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1127 | −0.028% | $301K | $571K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1127 | −0.037% | $374K | $360K | 20x | as long as short |
| Binance POLUSDTlong | +0.0100% | 4h | 0.1127 | long leg | $17.4M | $50.7M | 75x |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
Orderly PERP_POL_USDC
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1127 | −0.071% | $16.3M | $15.5M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1127 | 0.000% | $5.8M | $12.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1127 | −0.080% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1128 | +0.018% | $24.2M | $3.8M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1127 | −0.062% | $2.8M | $1.0M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1128 | +0.018% | $4.2M | $5.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1127 | −0.035% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1123 | −0.373% | $664K | $189K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1127 | −0.009% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1127 | −0.035% | $199K | $657K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1127 | −0.055% | $94K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1126 | −0.168% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1127 | −0.002% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1127 | −0.080% | $915K | $170K | 75x | as long as short |
| Hyperliquid POLshort | +0.0385% | 1h | 0.1130 | +0.213% | $7.7M | $4.0M | 5x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT