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Funding arb · Price arb /

IOTA

all IOTA markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0986%/8h= +108.0% APRpaid last 24h +0.148%
Price spread now: Bybit against Kraken Futures−0.266%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.266% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.266% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 22 hours of funding at the current rate (+$30 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_IOTAUSD0.04770−0.0886get 0.0111% / 1h5m 16s$19K$17K10x
ShortBybit IOTAUSDT0.047570.0100get 0.0100% / 8h5m 16s$2.2M$1.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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
$207.07
Price spread: −0.266% → 0.000%
−$26.61
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$159.46
Costs to cover
0.210%
Break-even
1.6 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 2 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 Kraken Futures no order-book sample—————
Sell Bybit live order book, 2 min ago4.20 bp36.5 bp −$37103.2 bp −$1,032doesn't fitdoesn't fit
Kraken Futures: 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_IOTAUSDlong−0.0886%1h0.04770long leg$19K$17K10x
BloFin IOTA-USDT+0.0072%8h0.04760−0.203%$164K$42K75xas long as short
Hyperliquid IOTA+0.0100%1h0.04764−0.128%$893K$327K3xas long as short
Binance IOTAUSDT+0.0100%8h0.04763−0.140%$3.4M$5.8M75xas long as short
Bybit IOTAUSDTshort+0.0100%8h0.04757−0.266%$2.2M$1.5M75x
OKX IOTA-USDT-SWAP+0.0100%8h0.04761−0.182%$551K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04761−0.182%$820K$257K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04763−0.140%$585K$176K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04766−0.077%$1.8M$725K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04761−0.182%—$2.3M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04758−0.238%$51K$33K—as long as short
KuCoin IOTAUSDTM+0.0738%8h0.04765−0.098%$2.7M$220K30xas long as short