Spread before costs (cost unknown: a leg has no order-book sample)−0.144%
7d average—if it closes, per $10,000$14funding while held, a day−$2.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1135 | 0.0100 | pay 0.0013% / 1h | 13m 20s | $6.8M | $4.7M | 5x |
| Short | gTrade (Gains Network) POL/USD | 0.1133 | L +0.0004% / S −0.0006% | get 0.0001% / 1h | 13m 20s | $22K | — | 150x |
Hyperliquid POL
gTrade (Gains Network) POL/USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$14.45
- Funding while held
- −$2.82
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$36.27
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 10 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0094%
- Per $10,000 a day
- −$2.82
- Average in range /8h
- —
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 Hyperliquid live order book, 10 min ago | 2.21 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.1131cheapestVariational Omni0.1131+0.009%Gate0.1131+0.018%Bybit0.1132+0.053%Reya0.1132+0.073%OKX0.1132+0.088%Bitget0.1132+0.088%Extended0.1132+0.094%BingX0.1132+0.097%Orderly0.1132+0.106%Binance0.1132+0.115%MEXC0.1132+0.115%BloFin0.1133+0.133%Aster0.1133+0.168%Aevo0.1133+0.193%GMX0.1133+0.201%KuCoin0.1133+0.212%Lighter0.1133+0.215%
Injective
Variational Omni
Gate
Bybit
Reya
OKX
Bitget
Extended
BingX
Orderly
Binance
MEXC
BloFin
Aster
Aevo
GMX
KuCoin
LightergTrade (Gains Network)0.1133+0.218%
Kraken Futures0.1134+0.224%dYdX0.1134+0.226%ApeX Omni0.1134+0.265%Coinbase International0.1134+0.265%
Kraken Futures
dYdX
ApeX Omni
Coinbase InternationalHyperliquid0.1135+0.363%
POL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective POL/USDC PERP | −0.361% | +0.0033% | 1h | $3K | $176K | 12x | as long as short |
| Variational Omni POL | −0.352% | +0.0100% | 4h | $674K | $319K | — | as long as short |
| Gate POL_USDT | −0.344% | −0.0080% | 4h | $1.9M | $1.5M | 75x | as long as short |
| Bybit POLUSDT | −0.308% | +0.0022% | 4h | $16.2M | $17.2M | 75x | as long as short |
| Reya POLRUSDPERP | −0.288% | −0.0006% | 1h | $3K | — | — | as long as short |
| OKX POL-USDT-SWAP | −0.273% | −0.0067% | 4h | $5.8M | $12.8M | 50x | as long as short |
| Bitget POLUSDT | −0.273% | +0.0100% | 4h | $4.3M | $6.2M | 50x | as long as short |
| Extended POL-USD | −0.268% | +0.0104% | 1h | $94K | $450K | 10x | as long as short |
| BingX POL-USDT | −0.264% | +0.0100% | 4h | — | $7.2M | — | as long as short |
| Orderly PERP_POL_USDC | −0.255% | −0.0129% | 4h | $11K | $290K | 20x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance POLUSDT | −0.247% | +0.0100% | 4h | $17.3M | $55.4M | 75x | as long as short |
| MEXC POL_USDT | −0.247% | +0.0100% | 4h | $22.9M | $3.9M | 125x | as long as short |
| BloFin POL-USDT | −0.229% | +0.0340% | 4h | $942K | $188K | 75x | as long as short |
| Aster POLUSDT | −0.194% | +0.0100% | 4h | $382K | $555K | 20x | as long as short |
| Aevo POL-PERP | −0.169% | +0.0104% | 1h | $42K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | −0.161% | L +0.0215% / S −0.0699% | 1h | $3K | — | 100x | as long as short |
| KuCoin POLUSDTM | −0.150% | +0.0100% | 4h | $3.3M | $1.1M | 50x | as long as short |
| Lighter POL | −0.147% | +0.0096% | 1h | $332K | $541K | 8x | as long as short |
| gTrade (Gains Network) POL/USDshort | −0.144% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | |
| Kraken Futures PF_POLUSD | −0.138% | +0.0010% | 1h | $1.3M | $1.8M | 50x | as long as short |
| dYdX POL-USD | −0.136% | +0.1100% | 1h | $17K | $3K | 5x | as long as short |
| ApeX Omni POLUSDT | −0.097% | −0.0094% | 1h | $201K | $646K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.097% | −0.0504% | 1h | $239K | $262K | 50x | as long as short |
| Hyperliquid POLlong | 0.000% | +0.0100% | 1h | $6.8M | $4.7M | 5x |