IO

Alert

Funding spread now, next payment 19:00 UTC+0.0356%/8h

paid, last 24h+0.966%paid, last 4 days+2.486%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective IO/USDC PERP	0.1336	−0.0256	get 0.0032% / 1h	36m 09s	$2K	$31K	5.5x
Short	Bybit IOUSDT	0.1489	0.0100	get 0.0050% / 4h	1h 36m	$1.1M	$931K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee BybitbpOrdersRate

Funding earned: $74.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $63.82
Break-even: 1.0 days

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +11.452%
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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	6.72 bp	63.6 bp −$64	415.1 bp −$4,151	doesn't fit	doesn't fit

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 PERPlong	−0.0256%	1h	$2K	$31K	5.5x
Hyperliquid IO	+0.0100%	1h	$993K	$403K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	$2.9M	$6.4M	50x	as long as short
Bybit IOUSDTshort	+0.0100%	4h	$1.1M	$931K	25x
Gate IO_USDT	+0.0100%	4h	$218K	$554K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	$1.1M	$237K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	$416K	$656K	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	+0.0152%	4h	$193K	$32K	50x	as long as short
Kraken Futures PF_IOUSD	+0.0781%	1h	$41K	$18K	10x	as long as short