data as of
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Price arb /

POL

all POL markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$68
spread now−0.132%7d average−0.040%fees + slippage, in and out−$59spread needed0.591%
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid POL0.11350.0100pay 0.0013% / 1h57m 54s$6.6M$4.5M5x
ShortKraken Futures PF_POLUSD0.11340.0010get 0.0001% / 1h57m 54s$1.3M$1.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$13.25
Funding while held
−$2.7
Slippage, 4 orders
−$40.11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$75.06
Spread needed to break even
0.591%
Slippage from Hyperliquid: live order book, 6 min ago; Kraken Futures: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0090%
Per $10,000 a day
−$2.70
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago3.09 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago4.87 bp17.7 bp −$1847.2 bp −$472doesn't fitdoesn't fit

POL price on every exchange

against the cheapest. Click to use as the short leg.
BloFin0.1129cheapestVariational Omni0.1130+0.140%Gate0.1130+0.177%Aevo0.1131+0.222%Injective0.1131+0.222%Reya0.1132+0.268%dYdX0.1132+0.280%Bybit0.1132+0.284%OKX0.1132+0.310%Aster0.1132+0.328%Orderly0.1132+0.328%KuCoin0.1132+0.346%BingX0.1133+0.354%Extended0.1133+0.358%MEXC0.1133+0.363%Binance0.1133+0.367%GMX0.1133+0.390%ApeX Omni0.1133+0.399%Coinbase International0.1133+0.399%gTrade (Gains Network)0.1133+0.401%Bitget0.1133+0.416%Lighter0.1133+0.430%
Kraken Futures0.1134+0.460%
Hyperliquid0.1135+0.594%

POL on 24 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin POL-USDT−0.590%+0.0340%4h$934K$184K75xas long as short
Variational Omni POL−0.451%+0.0100%4h$708K$283K—as long as short
Gate POL_USDT−0.414%−0.0012%4h$1.9M$1.5M75xas long as short
Aevo POL-PERP−0.370%+0.0104%1h$41K—3xas long as short
Injective POL/USDC PERP−0.370%+0.0033%1h$3K$176K12xas long as short
Reya POLRUSDPERP−0.324%−0.0006%1h$3K——as long as short
dYdX POL-USD−0.312%+0.6691%1h$17K$3K5xas long as short
Bybit POLUSDT−0.308%+0.0070%4h$16.2M$16.8M75xas long as short
OKX POL-USDT-SWAP−0.282%+0.0033%4h$5.8M$12.6M50xas long as short
Aster POLUSDT−0.264%+0.0100%4h$395K$530K20xas long as short
Show all 24 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_POL_USDC−0.264%−0.0140%4h$12K$294K20xas long as short
KuCoin POLUSDTM−0.247%+0.0100%4h$3.3M$1.1M50xas long as short
BingX POL-USDC−0.238%+0.0100%4h—$1.6M—as long as short
Extended POL-USD−0.235%+0.0104%1h$94K$450K10xas long as short
MEXC POL_USDT−0.229%+0.0100%4h$23.0M$3.8M125xas long as short
Binance POLUSDT−0.225%+0.0100%4h$17.4M$54.3M75xas long as short
GMX POL/USD [ETH-USDC]−0.203%L +0.0215% / S −0.0699%1h$3K—100xas long as short
ApeX Omni POLUSDT−0.194%−0.0078%1h$201K$644K50xas long as short
Coinbase International POL-PERP-INTX−0.194%−0.0504%1h$252K$247K50xas long as short
gTrade (Gains Network) POL/USD−0.192%L +0.0004% / S −0.0006%1h$22K—150xas long as short
Bitget POLUSDT−0.176%+0.0100%4h$4.3M$6.0M50xas long as short
Lighter POL−0.163%+0.0096%1h$332K$533K8xas long as short
Kraken Futures PF_POLUSDshort−0.132%+0.0010%1h$1.3M$1.7M50x
Hyperliquid POLlong0.000%+0.0100%1h$6.6M$4.5M5x