Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.074%
Price spread now: Injective against Hyperliquid+0.680%73s7-day average −0.342% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.581%−$158 on $10k
+Price spread, last 4 days (all we have)−4.041%−$404 · spread now +0.680%, 7d avg −0.342%
=Together, before fees−5.622%+ Points / potential airdropHyperliquid: Season 2 · farm board−$562 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.022% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.680% now, against its 7-day average of −0.342%): +$102 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 days. At the pace of the last 7 days (−1.581% in total) that is about 4.5 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POL | 0.1104 | 0.0118 | pay 0.0015% / 1h | 59m 59s | $7.5M | $3.7M | 5x |
| Short | Injective POL/USDC PERP | 0.1111 | 0.0033 | get 0.0004% / 1h | 59m 59s | $3K | $124K | 12x |
Hyperliquid POL
Injective POL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Hyperliquid. 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
- −$17.84
- Price spread: +0.680% → −0.342%
- $102.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $75.33
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 2 min ago; Injective: live order book, 14 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 Hyperliquid live order book, 2 min ago | 0.45 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 14 min ago | 77.45 bp | doesn't fit | 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 | −0.0520% | 1h | 0.1103 | −0.045% | $203K | $198K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1101 | −0.195% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1102 | −0.139% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPshort | +0.0033% | 1h | 0.1111 | +0.680% | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0041% | 4h | 0.1101 | −0.181% | $11K | $246K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1102 | −0.140% | $280K | $555K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1102 | −0.150% | $366K | $271K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1101 | −0.190% | $17.1M | $41.4M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1101 | −0.217% | $15.8M | $11.8M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1102 | −0.118% | $5.7M | $10.1M | 50x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDT
OKX POL-USDT-SWAPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate POL_USDT | +0.0100% | 4h | 0.1101 | −0.245% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1102 | −0.154% | $24.7M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1102 | −0.136% | $2.9M | $975K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1102 | −0.154% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1102 | −0.172% | — | $1.6M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1102 | −0.158% | $610K | $206K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1102 | −0.145% | $1.1M | $2.8M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1102 | −0.136% | $195K | $638K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1101 | −0.219% | $92K | $454K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1100 | −0.317% | $40K | — | 3x | as long as short |
| dYdX POL-USD | +0.0108% | 1h | 0.1102 | −0.163% | $17K | $2K | 5x | as long as short |
| Hyperliquid POLlong | +0.0118% | 1h | 0.1104 | long leg | $7.5M | $3.7M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1102 | −0.127% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0313% | 1h | 0.1102 | −0.109% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1101 | −0.190% | $911K | $169K | 75x | as long as short |
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
dYdX POL-USD
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT