Spread before costs (cost unknown: a leg has no order-book sample)+0.230%
7d average—if it closes, per $10,000$23funding while held, a day+$7.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya POLRUSDPERP | 0.1106 | −0.0006 | get 0.0001% / 1h | 57m 23s | $3K | — | — |
| Short | Hyperliquid POL | 0.1109 | 0.0253 | get 0.0032% / 1h | 57m 23s | $7.5M | $4.6M | 5x |
Reya POLRUSDPERP
Hyperliquid POLPrice 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
- $23.05
- Funding while held
- $7.77
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $15.81
- Spread needed to break even
- 0.150%
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0259%
- Per $10,000 a day
- +$7.77
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 0.45 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.1106cheapest
BybitReya0.1106+0.005%
Extended0.1107+0.043%OKX0.1107+0.045%MEXC0.1107+0.045%Bitget0.1107+0.045%BingX0.1107+0.045%KuCoin0.1107+0.054%Binance0.1107+0.063%Aevo0.1107+0.074%Gate0.1107+0.090%Aster0.1108+0.119%gTrade (Gains Network)0.1108+0.143%Injective0.1108+0.145%Coinbase International0.1108+0.145%Orderly0.1108+0.163%Lighter0.1108+0.167%Variational Omni0.1109+0.215%BloFin0.1109+0.217%GMX0.1109+0.231%
Extended
OKX
MEXC
Bitget
BingX
KuCoin
Binance
Aevo
Gate
Aster
gTrade (Gains Network)
Injective
Coinbase International
Orderly
Lighter
Variational Omni
BloFin
GMXHyperliquid0.1109+0.235%
dYdX0.1109+0.238%Kraken Futures0.1110+0.312%ApeX Omni0.1110+0.325%
dYdX
Kraken Futures
ApeX OmniPOL on 24 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | −0.005% | +0.0100% | 4h | $16.0M | $16.8M | 75x | as long as short |
| Reya POLRUSDPERPlong | 0.000% | −0.0006% | 1h | $3K | — | — | |
| Extended POL-USD | +0.039% | +0.0104% | 1h | $92K | $448K | 10x | as long as short |
| OKX POL-USDT-SWAP | +0.041% | +0.0066% | 4h | $5.7M | $12.3M | 50x | as long as short |
| MEXC POL_USDT | +0.041% | +0.0100% | 4h | $23.1M | $4.0M | 125x | as long as short |
| Bitget POLUSDT | +0.041% | +0.0100% | 4h | $4.1M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.041% | +0.0100% | 4h | — | $7.2M | — | as long as short |
| KuCoin POLUSDTM | +0.050% | +0.0100% | 4h | $2.8M | $1.1M | 50x | as long as short |
| Binance POLUSDT | +0.059% | +0.0100% | 4h | $16.9M | $52.5M | 75x | as long as short |
| Aevo POL-PERP | +0.070% | +0.0104% | 1h | $41K | — | 3x | as long as short |
Show all 24 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate POL_USDT | +0.086% | +0.0100% | 4h | $1.9M | $1.4M | 75x | as long as short |
| Aster POLUSDT | +0.115% | +0.0100% | 4h | $368K | $384K | 20x | as long as short |
| gTrade (Gains Network) POL/USD | +0.138% | L +0.0004% / S −0.0006% | 1h | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.140% | −0.0654% | 1h | $3K | $72K | 12x | as long as short |
| Coinbase International POL-PERP-INTX | +0.140% | −0.0008% | 1h | $202K | $267K | 50x | as long as short |
| Orderly PERP_POL_USDC | +0.158% | −0.0066% | 4h | $11K | $223K | 20x | as long as short |
| Lighter POL | +0.163% | +0.0096% | 1h | $330K | $545K | 8x | as long as short |
| Variational Omni POL | +0.210% | +0.0100% | 4h | $654K | $302K | — | as long as short |
| BloFin POL-USDT | +0.212% | +0.0340% | 4h | $915K | $168K | 75x | as long as short |
| GMX POL/USD [ETH-USDC] | +0.227% | L +0.0211% / S −0.0606% | 1h | $3K | — | 100x | as long as short |
| Hyperliquid POLshort | +0.230% | +0.0253% | 1h | $7.5M | $4.6M | 5x | |
| dYdX POL-USD | +0.233% | 0.0000% | 1h | $17K | $3K | 5x | as long as short |
| Kraken Futures PF_POLUSD | +0.307% | +0.0054% | 1h | $1.2M | $1.8M | 50x | as long as short |
| ApeX Omni POLUSDT | +0.321% | +0.0100% | 1h | $196K | $644K | 50x | as long as short |