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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.071%7-day average −0.110% · 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−0.043%−$4 on $10k
Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.071%, 7d avg −0.110%
Together, before fees−0.317%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 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 0.181% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IOTAUSDT0.047900.0100pay 0.0100% / 8h2h 58m$2.2M$1.4M75x
ShortHyperliquid IOTA0.047930.0100get 0.0013% / 1h58m 24s$827K$293K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: +0.071% → −0.110%
$18.05
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1.95
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: live order book, 26 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 Bybit live order book, 3 min ago3.13 bp27.1 bp −$27436.6 bp −$4,366doesn't fitdoesn't fit
Sell Hyperliquid live order book, 26 min ago1.67 bp51.4 bp −$51doesn'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−0.0668%1h0.04801+0.224%$18K$18K10xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04793+0.071%$827K$293K3x
Binance IOTAUSDT+0.0100%8h0.04794+0.084%$3.4M$6.5M75xas long as short
Bybit IOTAUSDTlong+0.0100%8h0.04790long leg$2.2M$1.4M75x
OKX IOTA-USDT-SWAP+0.0100%8h0.047900.000%$562K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04793+0.063%$882K$177K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04793+0.063%$597K$184K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04793+0.063%$1.7M$629K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04793+0.063%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04804+0.283%$38K$36Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0103%8h0.04798+0.167%$170K$36K75xas long as short
KuCoin IOTAUSDTM+0.0634%8h0.04798+0.167%$2.7M$225K30xas long as short