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 Variational Omni+0.177%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.177% dearer against Variational Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni IOTA0.047760.0100pay 0.0100% / 8h2h 40m$38K$36K
ShortHyperliquid IOTA0.047840.0100get 0.0013% / 1h40m 40s$824K$250K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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: +0.177% → 0.000%
$17.75
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$8.75
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 44 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 Variational Omni no order-book sample
Sell Hyperliquid live order book, 44 min ago1.67 bp51.4 bp −$51doesn't fitdoesn't fitdoesn't fit
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0670%1h0.04786+0.199%$18K$16K10xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04784+0.177%$824K$250K3x
Binance IOTAUSDT+0.0100%8h0.04784+0.167%$3.4M$5.9M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04781+0.104%$2.2M$1.4M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04783+0.146%$562K$1.3M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04779+0.062%$880K$177K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04783+0.146%$586K$186K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04783+0.146%$1.7M$606K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04784+0.167%$2.3Mas long as short
Variational Omni IOTAlong+0.0100%8h0.04776long leg$38K$36K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0127%8h0.04786+0.209%$171K$36K75xas long as short
KuCoin IOTAUSDTM+0.0618%8h0.04790+0.293%$2.7M$225K30xas long as short