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

IO

All IO markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
HyperliquidIO
0.1186+0.0100pay 0.0013% / 1h18m 15s$524K$216K3xLong Hyperliquid4% off
SHORT
BloFinIO-USDT
0.1187+0.0139get 0.0069% / 4h18m 15s$149K$23K50xShort BloFin
Price gap+0.030%
Funding gap+0.0039% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$52+0.0039% /8h now · paid +0.525% over the last 7D
Price+$2spread +0.030% now, avg +0.012% → +0.018% if it goes back
Costs−$1081.083% of $10k · taker + slippage, in and out
Result−$54−0.54%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.030%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IO on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size25.1 / 24.7 bp
    At $10k entering Hyperliquid costs 25.1 bp, fee and slippage, 1.0× BloFin’s.
  • Note: Margin at max leverage$3,333 + $200
    Hyperliquid 3x, BloFin 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$1.16Long Hyperliquid: 24 payments, −$3.00; short BloFin: 6 payments, +$4.16.
  • Note: Gap at its usual level+0.030% vs +0.012%
    The price leg adds little either way.
  • Watch: Short leg is thinner$149K vs $524K OI
    BloFin sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCHyperliquid No · BloFin Limited
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0250%/8h × 21 periods+$52.48
Price spread+0.030% → +0.012% (7d avg)+$1.79
Slippage, 4 orderslive order books−$87.26
Fee Hyperliquid bp × 2 orders−$9.00
Fee BloFin bp × 2 orders−$12.00
Net · 7 days · $10k−$54.00
Costs to cover1.083%Break-even14.2 days
Slippage: Hyperliquid: live order book, 32 min ago; BloFin: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid2.9825.1 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBloFin8.4824.7 bp−$2590.0 bp−$900doesn’t fitdoesn’t fit

Closing costs about the same again.

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