Spot ↔ futures: buy spot, short the perpetual
W: spot Poloniex, short Hyperliquid
Now
The W long opens on Poloniex at 0.01221, the short on Hyperliquid at 0.01236. The price difference (basis) is 1.35%; taker fees for opening and closing both legs are 0.27%; after them 1.08%: +$11 per $1,000.
The pair's funding is +0.010% per 8 hours (negative: the pair pays).
Data as of 2026-10-24 23:38 UTC. On the free plan data is a minute older; paid plans get real time. This text is always a minute older; the live view below refreshes every 5 seconds.
Transfer and fees
No coins move between the exchanges: both legs open in place and close together.
Verdict
The engine's verdict: “Avoid”. Reasons: illiquid-leg; under $20 at the best price; funding-unstable.
History
The spread on Poloniex → Hyperliquid has been open continuously for 17 min 09 s (since 2026-10-24 23:21 UTC) and has not closed in that time.
About this page
This page is one route: the prices of two exchanges, the spread before and after fees, the profit by the order books, the coin transfer status, a verdict and the spread's history. Below are the live chart for 6 hours, 24 hours, 7 and 30 days, both exchanges' order books and the trade step by step. A spread after fees is not the profit: the books' depth, the withdrawal fee and the time the coins are in transit all count.