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

IOTA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against MEXC−0.023%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1231.229% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.023%, 7d avg −0.124%
Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.101% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.124%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC IOTA_USDT0.047880.0100pay 0.0100% / 8h5h 55m$589K$170K125x
ShortHyperliquid IOTA0.047870.0100get 0.0013% / 1h55m 51s$901K$398K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: −0.023% → −0.124%
$10.13
Slippage, 4 orders
−$109.86
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$112.73
Costs to cover
1.229%
Break-even
never at this rate
Slippage from MEXC: live order book, 64 min ago; Hyperliquid: live order book, 54 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 MEXC live order book, 64 min ago3.11 bp10.0 bp −$1024.8 bp −$248225.8 bp −$22.6Kdoesn't fit
Sell Hyperliquid live order book, 54 min ago1.14 bp49.6 bp −$50doesn't fitdoesn't fitdoesn't fit

IOTA on 11 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−0.0196%1h0.04795+0.138%$18K$12K10xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04787−0.023%$901K$398K3x
Binance IOTAUSDT+0.0100%8h0.04779−0.188%$3.5M$5.9M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04777−0.230%$2.2M$1.5M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04779−0.188%$560K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04780−0.167%$839K$246K75xas long as short
MEXC IOTA_USDTlong+0.0100%8h0.04788long leg$589K$170K125x
Bitget IOTAUSDT+0.0100%8h0.04787−0.021%$1.7M$714K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04786−0.042%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04790+0.036%$38K$36Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin IOTAUSDTM+0.0818%8h0.04797+0.188%$2.7M$242K30xas long as short