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

IOTA

all IOTA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.125%7-day average −0.123% · 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 7 days−0.037%−$4 on $10k
Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.125%, 7d avg −0.123%
Together, before fees−0.287%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 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 0.247% dearer against BingX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.123%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX IOTA-USDT0.048060.0100pay 0.0100% / 8h2h 24m$2.3M
ShortHyperliquid IOTA0.048120.0100get 0.0013% / 1h24m 21s$829K$242K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.125% → −0.123%
$24.74
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$5.74
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: BingX: live order book, 4 min ago; Hyperliquid: live order book, 60 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 BingX live order book, 4 min ago5.22 bp19.4 bp −$1948.1 bp −$481416.3 bp −$41.6K544.2 bp −$272.1K
Sell Hyperliquid live order book, 60 min ago1.67 bp51.4 bp −$51doesn'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
Kraken Futures PF_IOTAUSD−0.0667%1h0.04808+0.043%$18K$16K10xas long as short
BloFin IOTA-USDT+0.0075%8h0.04805−0.021%$169K$36K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04812+0.125%$829K$242K3x
Binance IOTAUSDT+0.0100%8h0.04808+0.039%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04807+0.021%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04808+0.042%$565K$1.3M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04807+0.021%$885K$177K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04808+0.042%$587K$188K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04808+0.042%$1.7M$601K50xas long as short
BingX IOTA-USDTlong+0.0100%8h0.04806long leg$2.3M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04802−0.076%$38K$36Kas long as short
KuCoin IOTAUSDTM+0.0617%8h0.04809+0.062%$2.7M$223K30xas long as short