Settings8H · net · $10k
Funding arb · Price arb /

IO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.086%7-day average +0.093% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.086%, 7d avg +0.093%
Together, before fees+0.297%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IO0.15150.0100pay 0.0013% / 1h7m 14s$1.0M$378K3x
ShortBitget IOUSDT0.15160.0100get 0.0050% / 4h2h 07m$1.3M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.086% → +0.093%
−$0.75
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$21.75
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Bitget: live order book, 4 min ago. Net counts fees only.

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, 3 min ago0.99 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.29 bp37.1 bp −$37211.4 bp −$2,114doesn't fitdoesn't fit

IO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid IOlong+0.0100%1h0.1515long leg$1.0M$378K3x
Aster IOUSDT+0.0100%4h0.1515+0.050%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1515+0.003%$3.0M$6.6M50xas long as short
Bybit IOUSDT+0.0100%4h0.1513−0.092%$1.1M$912K25xas long as short
Gate IO_USDT+0.0100%4h0.1514−0.079%$235K$562K50xas long as short
MEXC IO_USDT+0.0100%4h0.1514−0.046%$1.2M$231K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1513−0.112%$354K$680K50xas long as short
Bitget IOUSDTshort+0.0100%4h0.1516+0.086%$1.3M$1.2M50x
BingX IO-USDT+0.0100%4h0.1515+0.020%$1.3Mas long as short
Variational Omni IO+0.0100%4h0.1516+0.068%$33K$13Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended IO-USD+0.0104%1h0.1515−0.003%$3K$132K5xas long as short
Injective IO/USDC PERP+0.1587%1h0.1517+0.152%$2K$2025.5xas long as short
Kraken Futures PF_IOUSD+2.1671%1h0.1511−0.240%$39K$18K10xas long as short