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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.145%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1531.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.089%+$9 on $10k
Price spread, last 7 days+0.192%+$19 · spread now −0.145%, 7d avg −0.048%
Together, before fees+0.281%+$28 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: Bybit is 0.097% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IOTAUSDT0.048290.0100pay 0.0100% / 8h32m 55s$1.8M$690K50x
ShortBybit IOTAUSDT0.048220.0100get 0.0100% / 8h32m 55s$2.2M$1.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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: −0.145% → −0.048%
−$9.67
Slippage, 4 orders
−$130.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$163.11
Costs to cover
1.534%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago5.17 bp40.0 bp −$40313.5 bp −$3,135doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago5.18 bp43.9 bp −$4496.4 bp −$964doesn'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−0.0812%1h0.04827−0.047%$18K$16K10xas long as short
Hyperliquid IOTA+0.0100%1h0.04828−0.021%$838K$241K3xas long as short
Binance IOTAUSDT+0.0100%8h0.04825−0.083%$3.4M$5.8M75xas long as short
Bybit IOTAUSDTshort+0.0100%8h0.04822−0.145%$2.2M$1.3M75x
OKX IOTA-USDT-SWAP+0.0100%8h0.04825−0.083%$561K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04827−0.041%$886K$176K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04825−0.083%$601K$182K125xas long as short
Bitget IOTAUSDTlong+0.0100%8h0.04829long leg$1.8M$690K50x
BingX IOTA-USDT+0.0100%8h0.04822−0.145%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04823−0.125%$38K$36Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0126%8h0.04821−0.166%$169K$37K75xas long as short
KuCoin IOTAUSDTM+0.0672%8h0.04835+0.124%$2.8M$234K30xas long as short