Funding you earn now, next payment 04:00 UTC+0.0167%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.074%
Price spread now: Hyperliquid against Injective−1.089%53s7-day average +0.342% · you buy dearer than you sell
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)+4.451%+$445 · spread now −1.089%, 7d avg +0.342%
=Together, before fees+6.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$603 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 1.431% cheaper against Injective than usual: you would sell low and buy high (spread −1.089% now, against its 7-day average of +0.342%). If the spread goes back, that is −$143 on $10k: about 29 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+1.581% in total) that is about 6.3 days. The two prices were read 53 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 | Injective POL/USDC PERP | 0.1111 | 0.0033 | pay 0.0004% / 1h | 50m 27s | $3K | $124K | 12x |
| Short | Hyperliquid POL | 0.1099 | 0.0200 | get 0.0025% / 1h | 50m 27s | $7.4M | $3.7M | 5x |
Injective POL/USDC PERP
Hyperliquid POLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $34.98
- Price spread: −1.089% → +0.342%
- −$143.13
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$117.17
- Costs to cover
- 0.090%
- Break-even
- 30.4 days
Slippage unknown: Injective: live order book, 29 min ago; Hyperliquid: live order book, 2 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 Injective live order book, 29 min ago | 68.03 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.36 bp | 12.6 bp −$13 | 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 | 0.1096 | −1.350% | $202K | $196K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1097 | −1.276% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1099 | −1.097% | $17K | $1K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1098 | −1.193% | $24K | — | 150x | as long as short |
| Injective POL/USDC PERPlong | +0.0033% | 1h | 0.1111 | long leg | $3K | $124K | 12x | |
| Orderly PERP_POL_USDC | +0.0039% | 4h | 0.1097 | −1.278% | $11K | $266K | 20x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1097 | −1.235% | $283K | $550K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1098 | −1.181% | $365K | $269K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1098 | −1.215% | $17.1M | $42.0M | 75x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1097 | −1.287% | $15.8M | $11.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Lighter POL
Aster POLUSDT
Binance POLUSDT
Bybit POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1097 | −1.224% | $5.7M | $10.0M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1096 | −1.350% | $1.8M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1097 | −1.242% | $24.3M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1098 | −1.188% | $2.9M | $973K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1097 | −1.242% | $4.1M | $4.6M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1097 | −1.251% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1096 | −1.309% | $607K | $209K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1100 | −1.017% | $1.1M | $2.7M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1101 | −0.900% | $195K | $634K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1097 | −1.290% | $95K | $453K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1095 | −1.395% | $40K | — | 3x | as long as short |
| Hyperliquid POLshort | +0.0200% | 1h | 0.1099 | −1.089% | $7.4M | $3.7M | 5x | |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1098 | −1.197% | $3K | — | 100x | as long as short |
| Kraken Futures PF_POLUSD | +0.0314% | 1h | 0.1098 | −1.165% | $1.2M | $1.2M | 50x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1097 | −1.242% | $910K | $167K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Kraken Futures PF_POLUSD
BloFin POL-USDT