Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Binance against Hyperliquid−0.040%7-day average +0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1391.394% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.040%, 7d avg +0.127%
=Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.167% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.127%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid IOTA | 0.04797 | 0.0100 | pay 0.0013% / 1h | 36m 53s | $900K | $399K | 3x |
| Short | Binance IOTAUSDT | 0.04795 | 0.0100 | get 0.0100% / 8h | 5h 36m | $3.5M | $5.9M | 75x |
Hyperliquid IOTA
Binance IOTAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.040% → +0.127%
- −$16.66
- Slippage, 4 orders
- −$120.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$156.05
- Costs to cover
- 1.394%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Binance: live order book, 1 min ago.
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 | 2.19 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 3.13 bp | 24.1 bp −$24 | 75.7 bp −$757 | doesn't fit | doesn't fit |
IOTA on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0196% | 1h | 0.04790 | −0.144% | $18K | $12K | 10x | as long as short |
| Hyperliquid IOTAlong | +0.0100% | 1h | 0.04797 | long leg | $900K | $399K | 3x | |
| Binance IOTAUSDTshort | +0.0100% | 8h | 0.04795 | −0.040% | $3.5M | $5.9M | 75x | |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04791 | −0.119% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04788 | −0.181% | $561K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04785 | −0.244% | $836K | $256K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04794 | −0.056% | $591K | $171K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04794 | −0.056% | $1.7M | $708K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04792 | −0.098% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04793 | −0.076% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0126% | 8h | 0.04784 | −0.265% | $170K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTM | +0.0864% | 8h | 0.04800 | +0.069% | $2.7M | $241K | 30x | as long as short |
BloFin IOTA-USDT
KuCoin IOTAUSDTM