POL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.056%

Price spread now: Hyperliquid against dYdX+0.100%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.100% dearer against dYdX than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX POL-USD	0.1101	0.0148	pay 0.0019% / 1h	17m 49s	$23K	$8K	5x
Short	Hyperliquid POL	0.1102	0.0100	get 0.0013% / 1h	17m 49s	$7.4M	$3.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$10.17
Price spread: +0.100% → 0.000%: $9.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	0.91 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1098	−0.263%	$200K	$180K	50x	as long as short
Kraken Futures PF_POLUSD	−0.0472%	1h	0.1101	+0.019%	$1.2M	$976K	50x	as long as short
Gate POL_USDT	−0.0254%	4h	0.1099	−0.145%	$1.8M	$1.2M	75x	as long as short
Bybit POLUSDT	−0.0134%	4h	0.1100	−0.127%	$15.8M	$9.3M	75x	as long as short
Orderly PERP_POL_USDC	−0.0114%	4h	0.1100	−0.100%	$11K	$2.4M	20x	as long as short
OKX POL-USDT-SWAP	−0.0079%	4h	0.1100	−0.055%	$5.7M	$9.2M	50x	as long as short
GRVT POL_USDT_Perp	−0.0052%	4h	0.1101	+0.042%	$1.1M	$2.9M	10x	as long as short
Reya POLRUSDPERP	−0.0006%	1h	0.1099	−0.132%	$3K	—	—	as long as short
Binance POLUSDT	+0.0002%	4h	0.1100	−0.109%	$16.8M	$35.0M	75x	as long as short
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0003%	1h	0.1101	−0.014%	$9K	—	150x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended POL-USD	+0.0008%	1h	0.1100	−0.102%	$92K	$521K	10x	as long as short
MEXC POL_USDT	+0.0010%	4h	0.1100	−0.091%	$25.3M	$3.4M	125x	as long as short
ApeX Omni POLUSDT	+0.0029%	1h	0.1102	+0.100%	$156K	$662K	50x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+0.917%	$3K	$124K	12x	as long as short
BloFin POL-USDT	+0.0042%	4h	0.1099	−0.173%	$901K	$146K	75x	as long as short
Aevo POL-PERP	+0.0080%	1h	0.1099	−0.218%	$40K	—	3x	as long as short
Lighter POL	+0.0096%	1h	0.1100	−0.071%	$273K	$543K	8x	as long as short
Hyperliquid POLshort	+0.0100%	1h	0.1102	+0.100%	$7.4M	$3.7M	5x
Aster POLUSDT	+0.0100%	4h	0.1100	−0.083%	$364K	$167K	20x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1100	−0.055%	$2.9M	$834K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1100	−0.045%	$4.0M	$3.7M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1100	−0.064%	—	$1.6M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1101	−0.014%	$609K	$167K	—	as long as short
dYdX POL-USDlong	+0.0148%	1h	0.1101	long leg	$23K	$8K	5x
GMX POL/USD [ETH-USDC]	L +0.0164% / S −0.0294%	1h	0.1101	−0.015%	$3K	—	100x	as long as short