IO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Hyperliquid against Extended−0.060%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1671.667% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.060%, 7d avg −0.006%

Together, before fees−0.127%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.054% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1514	0.0104	pay 0.0013% / 1h	36m 41s	$5K	$171K	5x
Short	Hyperliquid IO	0.1513	0.0100	get 0.0013% / 1h	36m 41s	$1.0M	$387K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$0.84
Price spread: −0.060% → −0.006%: −$5.41
Slippage, 4 orders: −$152.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$172.92
Costs to cover: 1.667%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; Hyperliquid: live order book, 4 min ago.

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 Extended live order book, 39 min ago	5.62 bp	56.0 bp −$56	482.0 bp −$4,820	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.99 bp	22.9 bp −$23	doesn't fit	doesn't fit	doesn't fit

IO on 14 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
Injective IO/USDC PERP	−0.0159%	1h	0.1521	+0.482%	$2K	$103	5.5x	as long as short
Hyperliquid IOshort	+0.0100%	1h	0.1513	−0.060%	$1.0M	$387K	3x
Aster IOUSDT	+0.0100%	4h	0.1515	+0.067%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1513	−0.040%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1512	−0.113%	$1.1M	$876K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1515	+0.105%	$245K	$548K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1511	−0.179%	$1.1M	$228K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1513	−0.047%	$384K	$663K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1513	−0.047%	$1.3M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1513	−0.047%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1514	+0.007%	$30K	$5K	—	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1514	long leg	$5K	$171K	5x
BloFin IO-USDT	+0.0149%	4h	0.1516	+0.152%	$195K	$31K	50x	as long as short
Kraken Futures PF_IOUSD	+1.2592%	1h	0.1515	+0.061%	$39K	$19K	10x	as long as short