IO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.084%

7d average—if it closes, per $10,000$8funding while held, a day+$0.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IOUSDT	0.1490	0.0100	pay 0.0050% / 4h	1h 08m	$1.1M	$933K	25x
Short	Aster IOUSDT	0.1492	0.0100	get 0.0050% / 4h	1h 08m	$6K	$32K	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BybitbpFee AsterbpOrdersClose when spread is

Spread captured: $8.38
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.62
Spread needed to break even: 0.190%

Slippage unknown: Bybit: live order book, 4 min ago; Aster: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	6.73 bp	77.2 bp −$77	400.3 bp −$4,003	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

IO price on every exchange

against the cheapest. Click to use as the short leg.

Variational Omni0.1486cheapest BingX0.1490+0.266%

Bybit0.1490+0.293%

MEXC0.1491+0.333%KuCoin0.1491+0.333%BloFin0.1491+0.333%

Aster0.1492+0.377%

Gate0.1492+0.380%Extended0.1492+0.396%Hyperliquid0.1492+0.400%Bitget0.1492+0.400%Binance0.1492+0.404%Kraken Futures0.1493+0.448%Injective0.1493+0.468%

IO on 14 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni IO	−0.292%	+0.0100%	4h	$30K	$5K	—	as long as short
BingX IO-USDT	−0.027%	+0.0100%	4h	—	$1.3M	—	as long as short
Bybit IOUSDTlong	0.000%	+0.0100%	4h	$1.1M	$933K	25x
MEXC IO_USDT	+0.040%	+0.0100%	4h	$1.1M	$240K	125x	as long as short
KuCoin IOUSDTM	+0.040%	+0.0100%	4h	$416K	$640K	50x	as long as short
BloFin IO-USDT	+0.040%	+0.0121%	4h	$194K	$32K	50x	as long as short
Aster IOUSDTshort	+0.084%	+0.0100%	4h	$6K	$32K	5x
Gate IO_USDT	+0.087%	+0.0100%	4h	$218K	$555K	50x	as long as short
Extended IO-USD	+0.103%	+0.0104%	1h	$5K	$171K	5x	as long as short
Hyperliquid IO	+0.107%	+0.0100%	1h	$994K	$403K	3x	as long as short

Show all 14 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget IOUSDT	+0.107%	+0.0100%	4h	$1.4M	$1.2M	50x	as long as short
Binance IOUSDT	+0.111%	+0.0100%	4h	$2.9M	$6.4M	50x	as long as short
Kraken Futures PF_IOUSD	+0.155%	+0.0780%	1h	$41K	$18K	10x	as long as short
Injective IO/USDC PERP	+0.174%	−0.0256%	1h	$2K	$31K	5.5x	as long as short