Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against BingX+0.180%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1591.594% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.137%−$14 · spread now +0.180%, 7d avg +0.075%
=Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.105% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POL-USDC | 0.1111 | 0.0100 | pay 0.0050% / 4h | 2h 44m | — | $1.6M | — |
| Short | Hyperliquid POL | 0.1114 | 0.0100 | get 0.0013% / 1h | 44m 12s | $7.5M | $4.6M | 5x |
BingX POL-USDC
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $0
- Price spread: +0.180% → +0.075%
- $10.52
- Slippage, 4 orders
- −$140.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$148.88
- Costs to cover
- 1.594%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 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 BingX live order book, 3 min ago | 4.50 bp | 51.6 bp −$52 | 225.7 bp −$2,257 | 511.8 bp −$51.2K | 856.3 bp −$428.2K |
| Sell Hyperliquid live order book, 8 min ago | 1.35 bp | 8.7 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.0209% | 1h | 0.1113 | +0.135% | $197K | $661K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0080% | 1h | 0.1111 | −0.045% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1112 | +0.057% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0043% | 4h | 0.1111 | −0.018% | $11K | $209K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1111 | −0.017% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1112 | +0.051% | $22K | — | 150x | as long as short |
| dYdX POL-USD | +0.0006% | 1h | 0.1112 | +0.054% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.045% | $3K | $124K | 12x | as long as short |
| GRVT POL_USDT_Perp | +0.0034% | 4h | 0.1112 | +0.007% | $1.1M | $3.5M | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.0080% | 4h | 0.1112 | +0.009% | $5.7M | $12.1M | 50x | as long as short |
ApeX Omni POLUSDT
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Injective POL/USDC PERP
GRVT POL_USDT_Perp
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter POL | +0.0096% | 1h | 0.1112 | +0.013% | $310K | $559K | 8x | as long as short |
| Hyperliquid POLshort | +0.0100% | 1h | 0.1114 | +0.180% | $7.5M | $4.6M | 5x | |
| Aster POLUSDT | +0.0100% | 4h | 0.1112 | +0.056% | $370K | $383K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1111 | −0.009% | $17.0M | $51.9M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1111 | −0.063% | $16.0M | $16.4M | 75x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1111 | −0.081% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1111 | −0.018% | $23.3M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1111 | −0.018% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1111 | −0.036% | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDClong | +0.0100% | 4h | 0.1111 | long leg | — | $1.6M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1111 | −0.076% | $656K | $211K | — | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1111 | −0.030% | $93K | $437K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1111 | −0.045% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1112 | +0.062% | $3K | — | 100x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1111 | −0.081% | $904K | $167K | 75x | as long as short |
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
Variational Omni POL
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
BloFin POL-USDT