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

IOTA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.128%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1771.765% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.128%, 7d avg −0.159%
Together, before fees−0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.159%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IOTAUSDT0.048350.0100pay 0.0100% / 8h1h 34m$1.8M$657K50x
ShortHyperliquid IOTA0.048290.0100get 0.0013% / 1h34m 58s$832K$238K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: −0.128% → −0.159%
$3.05
Slippage, 4 orders
−$155.55
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$173.5
Costs to cover
1.765%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 45 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 Bitget live order book, 2 min ago6.21 bp30.5 bp −$31161.9 bp −$1,619doesn't fitdoesn't fit
Sell Hyperliquid live order book, 45 min ago1.04 bp61.9 bp −$62doesn'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−0.0797%1h0.04823−0.250%$18K$16K10xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04829−0.128%$832K$238K3x
Binance IOTAUSDT+0.0100%8h0.04825−0.207%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04822−0.269%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAP+0.0100%8h0.04819−0.331%$567K$1.3M20xas long as short
Gate IOTA_USDT+0.0100%8h0.04827−0.165%$888K$174K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04825−0.207%$602K$184K125xas long as short
Bitget IOTAUSDTlong+0.0100%8h0.04835long leg$1.8M$657K50x
BingX IOTA-USDT+0.0100%8h0.04824−0.228%$2.3Mas long as short
Variational Omni IOTA+0.0100%8h0.04823−0.249%$38K$36Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin IOTA-USDT+0.0116%8h0.04820−0.310%$168K$36K75xas long as short
KuCoin IOTAUSDTM+0.0601%8h0.04837+0.041%$2.7M$222K30xas long as short