IO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Hyperliquid−0.128%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1691.693% of the position

Long on Hyperliquid Short on Extended

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)+0.204%+$20 · spread now −0.128%, 7d avg +0.006%

Together, before fees+0.332%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$33 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: Extended is 0.133% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 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	Hyperliquid IO	0.1519	0.0100	pay 0.0013% / 1h	41m 44s	$1.0M	$391K	3x
Short	Extended IO-USD	0.1517	0.0104	get 0.0013% / 1h	41m 44s	$5K	$171K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0.84
Price spread: −0.128% → +0.006%: −$13.32
Slippage, 4 orders: −$155.33
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$181.81
Costs to cover: 1.693%
Break-even: 1522.1 days

Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 39 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 Hyperliquid live order book, 9 min ago	1.65 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 39 min ago	5.28 bp	79.0 bp −$79	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
Kraken Futures PF_IOUSD	−0.0637%	1h	0.1520	+0.074%	$39K	$21K	10x	as long as short
BloFin IO-USDT	+0.0043%	4h	0.1519	+0.007%	$194K	$30K	50x	as long as short
Hyperliquid IOlong	+0.0100%	1h	0.1519	long leg	$1.0M	$391K	3x
Aster IOUSDT	+0.0100%	4h	0.1520	+0.057%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1519	+0.007%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1518	−0.059%	$1.1M	$875K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1518	−0.053%	$232K	$527K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1517	−0.125%	$1.2M	$227K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1517	−0.125%	$409K	$656K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1520	+0.072%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1519	+0.007%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.661%	$30K	$5K	—	as long as short
Extended IO-USDshort	+0.0104%	1h	0.1517	−0.128%	$5K	$171K	5x
Injective IO/USDC PERP	+0.0163%	1h	0.1509	−0.652%	$2K	$102	5.5x	as long as short