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

IO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against MEXC+0.020%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 7 days+0.022%+$2 · spread now +0.020%, 7d avg +0.022%
Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC IO_USDT0.15270.0100pay 0.0050% / 4h1h 18m$1.2M$228K125x
ShortHyperliquid IO0.15270.0100get 0.0013% / 1h18m 33s$1.0M$378K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.020% → +0.022%
−$0.22
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.22
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 3 min ago; Hyperliquid: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago3.28 bp18.8 bp −$19167.4 bp −$1,674318.6 bp −$31.9Kdoesn't fit
Sell Hyperliquid live order book, 2 min ago1.64 bp20.4 bp −$20doesn'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
Injective IO/USDC PERP−0.0430%1h0.1518−0.589%$2K$2015.5xas long as short
BloFin IO-USDT+0.0085%4h0.15270.000%$195K$39K50xas long as short
Hyperliquid IOshort+0.0100%1h0.1527+0.020%$1.0M$378K3x
Aster IOUSDT+0.0100%4h0.1528+0.088%$24K$49K5xas long as short
Binance IOUSDT+0.0100%4h0.1528+0.047%$3.0M$6.6M50xas long as short
Bybit IOUSDT+0.0100%4h0.1526−0.065%$1.1M$919K25xas long as short
Gate IO_USDT+0.0100%4h0.1528+0.092%$235K$562K50xas long as short
MEXC IO_USDTlong+0.0100%4h0.1527long leg$1.2M$228K125x
KuCoin IOUSDTM+0.0100%4h0.15270.000%$358K$658K50xas long as short
Bitget IOUSDT+0.0100%4h0.1528+0.065%$1.3M$1.2M50xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX IO-USDT+0.0100%4h0.15270.000%$1.3Mas long as short
Variational Omni IO+0.0100%4h0.1527+0.014%$33K$13Kas long as short
Extended IO-USD+0.0104%1h0.1528+0.051%$2K$135K5xas long as short
Kraken Futures PF_IOUSD+2.3225%1h0.1529+0.149%$39K$18K10xas long as short