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 OKX+0.066%7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1461.458% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.066%, 7d avg −0.082%
Together, before fees−0.223%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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 0.149% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX IOTA-USDT-SWAP0.048140.0100pay 0.0100% / 8h1h 19m$562K$1.4M20x
ShortHyperliquid IOTA0.048170.0100get 0.0013% / 1h19m 06s$832K$239K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.066% → −0.082%
$14.87
Slippage, 4 orders
−$126.82
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$130.95
Costs to cover
1.458%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 61 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 OKX live order book, 3 min ago3.11 bp22.4 bp −$224911.0 bp −$49.1Kdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 61 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%1h0.04818+0.076%$18K$16K10xas long as short
BloFin IOTA-USDT+0.0096%8h0.04812−0.042%$169K$36K75xas long as short
Hyperliquid IOTAshort+0.0100%1h0.04817+0.066%$832K$239K3x
Binance IOTAUSDT+0.0100%8h0.04817+0.064%$3.4M$5.7M75xas long as short
Bybit IOTAUSDT+0.0100%8h0.04819+0.104%$2.2M$1.3M75xas long as short
OKX IOTA-USDT-SWAPlong+0.0100%8h0.04814long leg$562K$1.4M20x
Gate IOTA_USDT+0.0100%8h0.04819+0.104%$886K$175K75xas long as short
MEXC IOTA_USDT+0.0100%8h0.04817+0.062%$601K$188K125xas long as short
Bitget IOTAUSDT+0.0100%8h0.04827+0.270%$1.8M$666K50xas long as short
BingX IOTA-USDT+0.0100%8h0.04822+0.166%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IOTA+0.0100%8h0.04820+0.123%$38K$36Kas long as short
KuCoin IOTAUSDTM+0.0653%8h0.04832+0.374%$2.7M$231K30xas long as short