POL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.068%

Price spread now: Reya against Hyperliquid−0.140%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.140% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid POL	0.1093	0.0100	pay 0.0013% / 1h	59m 49s	$7.4M	$3.7M	5x
Short	Reya POLRUSDPERP	0.1091	−0.0006	pay 0.0001% / 1h	59m 49s	$2K	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.140%Rate

Funding earned: −$22.3
Price spread: −0.140% → 0.000%: −$13.97
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$51.27
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 2 min ago; Reya: no order-book sample. 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	0.92 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0512%	1h	0.1089	−0.366%	$201K	$197K	50x	as long as short
Gate POL_USDT	−0.0212%	4h	0.1090	−0.274%	$1.8M	$1.4M	75x	as long as short
Kraken Futures PF_POLUSD	−0.0141%	1h	0.1092	−0.048%	$1.2M	$1.1M	50x	as long as short
Reya POLRUSDPERPshort	−0.0006%	1h	0.1091	−0.140%	$2K	—	—
gTrade (Gains Network) POL/USD	L +0.0003% / S −0.0001%	1h	0.1092	−0.061%	$12K	—	150x	as long as short
Injective POL/USDC PERP	+0.0033%	1h	0.1111	+1.647%	$3K	$124K	12x	as long as short
Orderly PERP_POL_USDC	+0.0040%	4h	0.1092	−0.091%	$11K	$650K	20x	as long as short
dYdX POL-USD	+0.0062%	1h	0.1092	−0.127%	$19K	$4K	5x	as long as short
Lighter POL	+0.0096%	1h	0.1092	−0.125%	$278K	$541K	8x	as long as short
Hyperliquid POLlong	+0.0100%	1h	0.1093	long leg	$7.4M	$3.7M	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster POLUSDT	+0.0100%	4h	0.1092	−0.049%	$363K	$247K	20x	as long as short
Binance POLUSDT	+0.0100%	4h	0.1091	−0.148%	$16.7M	$39.0M	75x	as long as short
Bybit POLUSDT	+0.0100%	4h	0.1091	−0.192%	$15.7M	$10.9M	75x	as long as short
OKX POL-USDT-SWAP	+0.0100%	4h	0.1091	−0.137%	$5.7M	$9.5M	50x	as long as short
MEXC POL_USDT	+0.0100%	4h	0.1091	−0.156%	$24.6M	$3.6M	125x	as long as short
KuCoin POLUSDTM	+0.0100%	4h	0.1091	−0.146%	$2.9M	$951K	50x	as long as short
Bitget POLUSDT	+0.0100%	4h	0.1091	−0.146%	$4.0M	$4.0M	50x	as long as short
BingX POL-USDC	+0.0100%	4h	0.1091	−0.146%	—	$1.7M	—	as long as short
Variational Omni POL	+0.0100%	4h	0.1089	−0.333%	$603K	$206K	—	as long as short
GRVT POL_USDT_Perp	+0.0100%	4h	0.1093	−0.006%	$1.1M	$2.8M	10x	as long as short
ApeX Omni POLUSDT	+0.0100%	1h	0.1093	0.000%	$194K	$635K	50x	as long as short
Extended POL-USD	+0.0104%	1h	0.1091	−0.188%	$96K	$275K	10x	as long as short
Aevo POL-PERP	+0.0104%	1h	0.1090	−0.272%	$40K	—	3x	as long as short
GMX POL/USD [ETH-USDC]	L +0.0210% / S −0.0388%	1h	0.1092	−0.058%	$3K	—	100x	as long as short
BloFin POL-USDT	+0.0340%	4h	0.1090	−0.302%	$898K	$164K	75x	as long as short