IO

Alert

Funding spread now, next payment 16:00 UTC−0.5100%/8h

next payment, per $10,000−$6.38paid, last 24h−0.946%paid, last 4 days−2.317%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid IO	0.1507	0.0100	pay 0.0013% / 1h	18m 36s	$1.0M	$430K	3x
Short	Injective IO/USDC PERP	0.1490	−0.5000	pay 0.0625% / 1h	18m 36s	$2K	$100K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee InjectivebpOrdersRate

Funding earned: −$1,071
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,080.02
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.141%
Avg gap 7d: −0.644%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	1.99 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IO on 14 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective IO/USDC PERPshort	−0.5000%	1h	$2K	$100K	5.5x
Hyperliquid IOlong	+0.0100%	1h	$1.0M	$430K	3x
Aster IOUSDT	+0.0100%	4h	$13K	$25K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	$1.1M	$971K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	$230K	$571K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	$1.2M	$242K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	$455K	$603K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	$1.4M	$1.2M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	$5K	$171K	5x	as long as short
BloFin IO-USDT	+0.0115%	4h	$199K	$33K	50x	as long as short
Kraken Futures PF_IOUSD	+1.9698%	1h	$41K	$21K	10x	as long as short