Settings8H · net · $10k
Funding arb · Price arb /

POL

all POL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.039%
Price spread now: Hyperliquid against Extended+0.119%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.287%+$29 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.119%, 7d avg +0.134%
Together, before fees+0.316%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended POL-USD0.10850.0104pay 0.0013% / 1h22m 59s$91K$270K10x
ShortHyperliquid POL0.10860.0100get 0.0013% / 1h22m 59s$7.3M$3.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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

Funding earned
−$0.84
Price spread: +0.119% → +0.134%
−$1.55
Slippage, 4 orders
−$48.09
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$64.48
Costs to cover
0.621%
Break-even
never at this rate
Slippage from Extended: live order book, 24 min ago; Hyperliquid: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 24 min ago1.84 bp16.5 bp −$17243.4 bp −$2,434doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago1.38 bp13.2 bp −$13doesn't fitdoesn't fitdoesn't fit

POL on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International POL-PERP-INTX−0.0480%1h0.1081−0.361%$199K$200K50xas long as short
Gate POL_USDT−0.0232%4h0.1085−0.038%$1.8M$1.3M75xas long as short
Kraken Futures PF_POLUSD−0.0140%1h0.1085−0.015%$1.1M$1.0M50xas long as short
Reya POLRUSDPERP−0.0006%1h0.1084−0.082%$2Kas long as short
dYdX POL-USD0.0000%1h0.1085+0.053%$18K$4K5xas long as short
gTrade (Gains Network) POL/USDL +0.0003% / S −0.0001%1h0.1085+0.009%$12K150xas long as short
Injective POL/USDC PERP+0.0033%1h0.1111+2.405%$3K$124K12xas long as short
Orderly PERP_POL_USDC+0.0037%4h0.1084−0.047%$11K$963K20xas long as short
ApeX Omni POLUSDT+0.0074%1h0.1084−0.084%$192K$628K50xas long as short
Lighter POL+0.0096%1h0.1084−0.039%$276K$542K8xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX POL-USDT-SWAP+0.0099%4h0.1085+0.027%$5.6M$9.5M50xas long as short
Hyperliquid POLshort+0.0100%1h0.1086+0.119%$7.3M$3.7M5x
Aster POLUSDT+0.0100%4h0.1085+0.049%$360K$240K20xas long as short
Binance POLUSDT+0.0100%4h0.1085+0.022%$16.6M$38.2M75xas long as short
Bybit POLUSDT+0.0100%4h0.1085+0.036%$15.6M$10.5M75xas long as short
MEXC POL_USDT+0.0100%4h0.1085+0.027%$24.4M$3.2M125xas long as short
KuCoin POLUSDTM+0.0100%4h0.1085+0.027%$2.8M$940K50xas long as short
Bitget POLUSDT+0.0100%4h0.1085+0.045%$4.0M$4.2M50xas long as short
BingX POL-USDC+0.0100%4h0.1085−0.001%$1.6Mas long as short
Variational Omni POL+0.0100%4h0.1083−0.156%$600K$166Kas long as short
GRVT POL_USDT_Perp+0.0100%4h0.1085+0.017%$1.1M$2.7M10xas long as short
Extended POL-USDlong+0.0104%1h0.1085long leg$91K$270K10x
Aevo POL-PERP+0.0104%1h0.1083−0.176%$40K3xas long as short
GMX POL/USD [ETH-USDC]L +0.0210% / S −0.0388%1h0.1085+0.018%$3K100xas long as short
BloFin POL-USDT+0.0340%4h0.1085+0.054%$893K$159K75xas long as short