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

IOTA

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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: Gate against Hyperliquid−0.095%7-day average +0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3333.330% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$4 on $10k
Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.095%, 7d avg +0.083%
Together, before fees+0.263%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 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: Gate is 0.179% cheaper against Hyperliquid than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IOTA0.048260.0100pay 0.0013% / 1h15m 14s$833K$239K3x
ShortGate IOTA_USDT0.048210.0100get 0.0100% / 8h1h 15m$886K$175K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.095% → +0.083%
−$17.86
Slippage, 4 orders
−$308.95
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$350.81
Costs to cover
3.330%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 65 min ago; Gate: live order book, 1 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, 65 min ago1.04 bp36.7 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago9.33 bp79.7 bp −$80doesn'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−0.0797%1h0.04824−0.043%$18K$16K10xas long as short
BloFin IOTA-USDT+0.0077%8h0.04818−0.157%$169K$36K75xas long as short
Hyperliquid IOTAlong+0.0100%1h0.04826long leg$833K$239K3x
Binance IOTAUSDT+0.0100%8h0.04823−0.063%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04823−0.054%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04823−0.054%$562K$1.4M20xas long as short
Gate IOTA_USDTshort+0.0100%8h0.04821−0.095%$886K$175K75x
MEXC IOTA_USDT+0.0100%8h0.04821−0.095%$601K$189K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04827+0.029%$1.8M$666K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04823−0.054%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04820−0.108%$38K$36Kas long as short
KuCoin IOTAUSDTM+0.0676%8h0.04834+0.174%$2.7M$231K30xas long as short