IO

Alert

Funding spread now, next payment 16:00 UTC+1.9564%/8h

next payment, per $10,000+$24.46paid, last 24h+4.110%paid, last 4 days+11.001%to open and closeno order book

Long on Hyperliquid Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid IO	0.1509	0.0100	pay 0.0013% / 1h	5m 50s	$1.0M	$428K	3x
Short	Kraken Futures PF_IOUSD	0.1512	1.9664	get 0.2458% / 1h	5m 50s	$41K	$21K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersRate

Funding earned: $4,108.5
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $4,089.5
Break-even: 0.0 days

Slippage unknown: Hyperliquid: live order book, 6 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.201%
Avg gap 7d: —

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, 6 min ago	1.33 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 PERP	−0.5000%	1h	$2K	$100K	5.5x	as long as short
BloFin IO-USDT	+0.0088%	4h	$199K	$33K	50x	as long as short
Hyperliquid IOlong	+0.0100%	1h	$1.0M	$428K	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	$231K	$571K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	$1.2M	$243K	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

Show all 14 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	—	$1.3M	—	as long as short
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
Kraken Futures PF_IOUSDshort	+1.9664%	1h	$41K	$21K	10x