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

IOTA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Gate+0.090%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2222.225% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.090%, 7d avg −0.063%
Together, before fees−0.247%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 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 0.153% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IOTA_USDT0.047610.0100pay 0.0100% / 8h7h 40m$822K$250K75x
ShortHyperliquid IOTA0.047650.0100get 0.0013% / 1h40m 14s$893K$327K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.090% → −0.063%
$15.33
Slippage, 4 orders
−$198.49
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$207.16
Costs to cover
2.225%
Break-even
never at this rate
Slippage from Gate: live order book, 56 min ago; Hyperliquid: live order book, 10 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 Gate live order book, 56 min ago7.36 bp71.7 bp −$72178.5 bp −$1,785doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.68 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+0.0061%1h0.04770+0.184%$14K$22K10xas long as short
BloFin IOTA-USDT+0.0097%8h0.04770+0.189%$164K$42K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04765+0.090%$893K$327K3x
Binance IOTAUSDT+0.0100%8h0.04762+0.031%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04760−0.021%$2.2M$1.5M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.047610.000%$550K$1.4M20xas long as short
Gate IOTA_USDTlong+0.0100%8h0.04761long leg$822K$250K75x
MEXC IOTA_USDT+0.0100%8h0.047610.000%$585K$171K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04769+0.168%$1.8M$722K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04764+0.063%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04765+0.078%$51K$33Kas long as short
KuCoin IOTAUSDTM+0.0778%8h0.04767+0.126%$2.7M$188K30xas long as short