data as of
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Price arb /

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Spread before costs (cost unknown: a leg has no order-book sample)+0.114%
7d average+0.045%if it closes, per $10,000$11funding while held, a day+$0.00
Long on HyperliquidShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IO0.14830.0100pay 0.0013% / 1h1m 00s$987K$404K3x
ShortBinance IOUSDT0.14840.0100get 0.0050% / 4h2h 01m$2.9M$6.4M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$11.4
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$7.6
Spread needed to break even
0.190%
Slippage unknown: Hyperliquid: live order book, 11 min ago; Binance: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 11 min ago1.01 bp25.9 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago6.72 bp22.4 bp −$2286.6 bp −$866doesn't fitdoesn't fit

IO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin0.1478cheapestKuCoin0.1482+0.271%Gate0.1482+0.277%Kraken Futures0.1482+0.287%
Hyperliquid0.1483+0.318%
Bybit0.1483+0.338%MEXC0.1483+0.338%Aster0.1483+0.344%BingX0.1484+0.406%Extended0.1484+0.427%
Binance0.1484+0.432%
Bitget0.1485+0.474%Variational Omni0.1485+0.482%Injective0.1497+1.286%

IO on 14 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin IO-USDT−0.317%+0.0135%4h$194K$32K50xas long as short
KuCoin IOUSDTM−0.047%+0.0100%4h$395K$631K50xas long as short
Gate IO_USDT−0.040%+0.0100%4h$218K$558K50xas long as short
Kraken Futures PF_IOUSD−0.031%+1.4253%1h$40K$18K10xas long as short
Hyperliquid IOlong0.000%+0.0100%1h$987K$404K3x
Bybit IOUSDT+0.020%+0.0100%4h$1.1M$929K25xas long as short
MEXC IO_USDT+0.020%+0.0100%4h$1.1M$239K125xas long as short
Aster IOUSDT+0.026%+0.0100%4h$13K$32K5xas long as short
BingX IO-USDT+0.088%+0.0100%4h—$1.3M—as long as short
Extended IO-USD+0.109%+0.0104%1h$5K$171K5xas long as short
Show all 14 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance IOUSDTshort+0.114%+0.0100%4h$2.9M$6.4M50x
Bitget IOUSDT+0.155%+0.0100%4h$1.3M$1.2M50xas long as short
Variational Omni IO+0.164%+0.0100%4h$29K$5K—as long as short
Injective IO/USDC PERP+0.964%+0.0160%1h$2K$63K5.5xas long as short