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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.144%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1671.670% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.144%, 7d avg +0.159%
Together, before fees−0.012%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IOTA0.048010.0100pay 0.0013% / 1h52m 04s$827K$239K3x
ShortBitget IOTAUSDT0.048080.0100get 0.0100% / 8h1h 52m$1.8M$639K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: +0.144% → +0.159%
−$1.5
Slippage, 4 orders
−$145.98
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$168.48
Costs to cover
1.670%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 28 min ago; Bitget: live order book, 5 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 Hyperliquid live order book, 28 min ago1.04 bp36.7 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago5.20 bp35.7 bp −$36451.6 bp −$4,516doesn'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−0.0800%1h0.04800−0.023%$18K$16K10xas long as short
Hyperliquid IOTAlong+0.0100%1h0.04801long leg$827K$239K3x
Binance IOTAUSDT+0.0100%8h0.04800−0.026%$3.4M$5.8M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04797−0.085%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04794−0.148%$564K$1.3M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04803+0.040%$884K$174K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04800−0.023%$597K$183K125xas long as short
Bitget IOTAUSDTshort+0.0100%8h0.04808+0.144%$1.8M$639K50x
BingX IOTA-USDT+0.0100%8h0.04801−0.002%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04798−0.073%$38K$36Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0108%8h0.04798−0.065%$169K$36K75xas long as short
KuCoin IOTAUSDTM+0.0596%8h0.04804+0.060%$2.7M$223K30xas long as short