How to connect the iPhone hotspot to a ps3?

I've lost my high speed Internet recently, but I have my iPhones, so I was wondering if, and how you can hook up the iPhone hotspot to it?

Should be able to cut the hotspot on and set the security to Open, Then go through the PS3 settings for Network and go through the setup. Then scan and connect to the phone.
Honestly, The bandwidth will be horrid, And no good for gaming. Also it uses ALOT of data so if yours isn't unlimited then you will have a insane bill.