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

IOTA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Gate+0.147%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2512.508% 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)−0.280%−$28 · spread now +0.147%, 7d avg −0.069%
Together, before fees−0.303%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 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 0.216% dearer against Gate than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IOTA_USDT0.047620.0100pay 0.0100% / 8h3h 00m$823K$259K75x
ShortHyperliquid IOTA0.047690.0100get 0.0013% / 1h0m 11s$895K$334K3x

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: +0.147% → −0.069%
$21.59
Slippage, 4 orders
−$226.82
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$229.23
Costs to cover
2.508%
Break-even
never at this rate
Slippage from Gate: live order book, 52 min ago; Hyperliquid: live order book, 20 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, 52 min ago6.24 bp63.9 bp −$64179.7 bp −$1,797doesn't fitdoesn't fit
Sell Hyperliquid live order book, 20 min ago1.56 bp51.8 bp −$52doesn'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
Hyperliquid IOTAshort+0.0100%1h0.04769+0.147%$895K$334K3x
Binance IOTAUSDT+0.0100%8h0.04767+0.104%$3.4M$5.8M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04764+0.042%$2.2M$1.5M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04766+0.084%$557K$1.4M20xas long as short
Gate IOTA_USDTlong+0.0100%8h0.04762long leg$823K$259K75x
MEXC IOTA_USDT+0.0100%8h0.04766+0.084%$584K$172K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04773+0.231%$1.8M$719K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04764+0.042%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04764+0.035%$38K$20Kas long as short
BloFin IOTA-USDT+0.0103%8h0.04769+0.147%$168K$43K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IOTAUSD+0.0173%1h0.04766+0.084%$19K$13K10xas long as short
KuCoin IOTAUSDTM+0.1045%8h0.04776+0.294%$2.7M$236K30xas long as short