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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Bitget−0.054%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1671.672% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)−0.126%−$13 · spread now −0.054%, 7d avg −0.153%
Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.099% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.153%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IOTAUSDT0.048290.0100pay 0.0100% / 8h5h 20m$1.8M$715K50x
ShortHyperliquid IOTA0.048260.0100get 0.0013% / 1h20m 35s$905K$400K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: −0.054% → −0.153%
$9.87
Slippage, 4 orders
−$146.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$157.33
Costs to cover
1.672%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 19 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, 1 min ago4.14 bp31.6 bp −$32224.3 bp −$2,243doesn't fitdoesn't fit
Sell Hyperliquid live order book, 19 min ago2.19 bp55.6 bp −$56doesn'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−0.0195%1h0.04821−0.163%$18K$12K10xas long as short
BloFin IOTA-USDT+0.0093%8h0.04812−0.352%$170K$43K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04826−0.054%$905K$400K3x
Binance IOTAUSDT+0.0100%8h0.04822−0.145%$3.5M$5.9M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04820−0.186%$2.2M$1.5M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04821−0.166%$564K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04819−0.207%$836K$263K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04821−0.166%$595K$172K125xas long as short
Bitget IOTAUSDTlong+0.0100%8h0.04829long leg$1.8M$715K50x
BingX IOTA-USDT+0.0100%8h0.04821−0.166%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04820−0.184%$38K$36Kas long as short
KuCoin IOTAUSDTM+0.0901%8h0.04819−0.207%$2.8M$241K30xas long as short