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

IO

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Hyperliquid+0.027%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$488as in the Funding arb table
Net, price: spread back to 7d avg − costs−$502as in the Price arb table
costs, in and out, $10k−$5045.038% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.157%+$16 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.027%, 7d avg +0.008%
Together, before fees+0.190%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IO0.15040.0100pay 0.0013% / 1h52m 51s$1.0M$385K3x
ShortGate IO_USDT0.15050.0100get 0.0050% / 4h2h 52m$235K$539K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.027% → +0.008%
$1.82
Slippage, 4 orders
−$479.77
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$501.96
Costs to cover
5.038%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Gate: live order book, 13 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, 7 min ago1.66 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 13 min ago5.27 bp258.9 bp −$259doesn't fitdoesn't fitdoesn'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
BloFin IO-USDT+0.0092%4h0.1504−0.007%$193K$33K50xas long as short
Hyperliquid IOlong+0.0100%1h0.1504long leg$1.0M$385K3x
Aster IOUSDT+0.0100%4h0.1502−0.137%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1507+0.193%$3.0M$6.7M50xas long as short
Bybit IOUSDT+0.0100%4h0.1506+0.113%$1.1M$914K25xas long as short
Gate IO_USDTshort+0.0100%4h0.1505+0.027%$235K$539K50x
MEXC IO_USDT+0.0100%4h0.1505+0.060%$1.1M$227K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1505+0.060%$360K$683K50xas long as short
Bitget IOUSDT+0.0100%4h0.1507+0.193%$1.3M$1.3M50xas long as short
BingX IO-USDT+0.0100%4h0.1505+0.060%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1495−0.620%$30K$11Kas long as short
Extended IO-USD+0.0104%1h0.1506+0.102%$2K$131K5xas long as short
Injective IO/USDC PERP+0.1587%1h0.1509+0.326%$2K$1995.5xas long as short
Kraken Futures PF_IOUSD+2.1787%1h0.1503−0.071%$39K$18K10xas long as short