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

IOTA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.021%7-day average −0.120% · 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−0.031%−$3 on $10k
Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.021%, 7d avg −0.120%
Together, before fees−0.172%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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: Hyperliquid is 0.140% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.120%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX IOTA-USDT0.048240.0100pay 0.0100% / 8h35m 30s$2.3M
ShortHyperliquid IOTA0.048250.0100get 0.0013% / 1h35m 30s$838K$241K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.021% → −0.120%
$14.04
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$4.96
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 13 min ago; Hyperliquid: live order book, 35 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 BingX live order book, 13 min ago6.18 bp17.8 bp −$1845.5 bp −$455377.1 bp −$37.7K492.4 bp −$246.2K
Sell Hyperliquid live order book, 35 min ago1.04 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

IOTA on 12 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
Kraken Futures PF_IOTAUSD−0.0811%1h0.04832+0.157%$18K$16K10xas long as short
BloFin IOTA-USDT+0.0100%8h0.04832+0.166%$170K$37K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04825+0.021%$838K$241K3x
Binance IOTAUSDT+0.0100%8h0.04822−0.036%$3.4M$5.8M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04820−0.083%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04821−0.062%$561K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04828+0.083%$886K$176K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.048240.000%$601K$182K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04836+0.249%$1.8M$689K50xas long as short
BingX IOTA-USDTlong+0.0100%8h0.04824long leg$2.3M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04823−0.022%$38K$36Kas long as short
KuCoin IOTAUSDTM+0.0670%8h0.04836+0.249%$2.8M$234K30xas long as short