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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Variational Omni+0.145%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 4 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 0.145% dearer against Variational Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni IOTA0.048090.0100pay 0.0100% / 8h7h 03m$52K$33K
ShortHyperliquid IOTA0.048160.0100get 0.0013% / 1h3m 46s$903K$323K3x

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: +0.145% → 0.000%
$14.54
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
$5.54
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 46 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, 46 min ago1.68 bp55.6 bp −$56doesn'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+0.0060%1h0.04820+0.239%$14K$28K10xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04816+0.145%$903K$323K3x
Binance IOTAUSDT+0.0100%8h0.04814+0.119%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04813+0.089%$2.3M$1.4M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04811+0.048%$556K$1.4M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04814+0.110%$836K$255K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04814+0.110%$592K$174K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04822+0.276%$1.8M$720K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04811+0.048%$2.3Mas long as short
Variational Omni IOTAlong+0.0100%8h0.04809long leg$52K$33K
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0110%8h0.04808−0.015%$164K$44K75xas long as short
KuCoin IOTAUSDTM+0.0810%8h0.04815+0.131%$2.8M$153K30xas long as short