Funding you earn now, next payment 01:00 UTC−0.1219%/8h= −133.5% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.191%7-day average +0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.191%, 7d avg +0.133%
=Together, before fees+0.281%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Binance is 0.323% cheaper against Hyperliquid than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.133%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid IOTA | 0.04871 | 0.1319 | pay 0.0165% / 1h | 19m 57s | $990K | $335K | 3x |
| Short | Binance IOTAUSDT | 0.04861 | 0.0100 | get 0.0100% / 8h | 7h 19m | $3.5M | $5.8M | 75x |
Hyperliquid IOTA
Binance IOTAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$255.95
- Price spread: −0.191% → +0.133%
- −$32.35
- Slippage, 4 orders
- −$69.95
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$377.24
- Costs to cover
- 0.889%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 40 min ago; Binance: live order book, 3 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, 40 min ago | 1.33 bp | 47.7 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.03 bp | 17.4 bp −$17 | 58.5 bp −$585 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0081% | 1h | 0.04862 | −0.180% | $18K | $13K | 10x | as long as short |
| BloFin IOTA-USDT | +0.0094% | 8h | 0.04865 | −0.117% | $172K | $43K | 75x | as long as short |
| Binance IOTAUSDTshort | +0.0100% | 8h | 0.04861 | −0.191% | $3.5M | $5.8M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04858 | −0.261% | $2.2M | $1.4M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04865 | −0.117% | $568K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04861 | −0.199% | $890K | $175K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04861 | −0.199% | $608K | $179K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04872 | +0.027% | $1.8M | $711K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04859 | −0.240% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04863 | −0.154% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
BloFin IOTA-USDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IOTAUSDTM | +0.0762% | 8h | 0.04873 | +0.047% | $2.8M | $236K | 30x | as long as short |
| Hyperliquid IOTAlong | +0.1319% | 1h | 0.04871 | long leg | $990K | $335K | 3x |
KuCoin IOTAUSDTM