Settings8H · net · $10k
Funding arb · Price arb /

IO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.013%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$880.880% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.202%+$20 on $10k
Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.013%, 7d avg +0.019%
Together, before fees+0.360%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IO0.15160.0100pay 0.0013% / 1h2m 27s$1.0M$387K3x
ShortBingX IO-USDT0.15160.0100get 0.0050% / 4h1h 02m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.013% → +0.019%
−$0.62
Slippage, 4 orders
−$68.99
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$88.6
Costs to cover
0.880%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago1.65 bp19.3 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago6.63 bp24.9 bp −$2569.3 bp −$693462.9 bp −$46.3Kdoesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IOUSD−0.0637%1h0.1520+0.295%$39K$21K10xas long as short
BloFin IO-USDT+0.0068%4h0.1516+0.013%$194K$31K50xas long as short
Hyperliquid IOlong+0.0100%1h0.1516long leg$1.0M$387K3x
Aster IOUSDT+0.0100%4h0.1518+0.157%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1516+0.036%$3.0M$6.5M50xas long as short
Bybit IOUSDT+0.0100%4h0.1514−0.106%$1.1M$878K25xas long as short
Gate IO_USDT+0.0100%4h0.1517+0.066%$246K$553K50xas long as short
MEXC IO_USDT+0.0100%4h0.1515−0.053%$1.1M$233K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1515−0.053%$399K$654K50xas long as short
Bitget IOUSDT+0.0100%4h0.1517+0.079%$1.3M$1.2M50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX IO-USDTshort+0.0100%4h0.1516+0.013%$1.3M
Variational Omni IO+0.0100%4h0.1510−0.363%$30K$5Kas long as short
Extended IO-USD+0.0104%1h0.1517+0.059%$5K$171K5xas long as short
Injective IO/USDC PERP+0.0163%1h0.1514−0.119%$2K$1065.5xas long as short